Markets

Robinhood hosted more than 4.3 million trades in June — handily beating its biggest brokerage rivals

Robinhood trounced legacy brokerages in June, according to one popular gauge of trading activity, as retail investors flooded the market. The brokerage posted 4.31 million daily average revenue trades (DARTs) in June, a spokeswoman told Business Insider, as traders capitalised on pandemic-fuelled volatility. TD Ameritrade’s June DARTs reached 3.84 million, […]
Robinhood hosted more than 4.3 million trades in June — handily beating its biggest brokerage rivals
Markets

It’s official: Charles Schwab strikes $26 billion deal to buy TD Ameritrade

Charles Schwab officially announced a $US26 billion deal to buy TD Ameritrade, combining two of America’s largest discount brokerages. The combined group will boast 24 million customer accounts and handle more than $US5 trillion in client assets. Schwab expects the tie-up to generate $US1.8 billion to $US2 billion in ongoing […]
It’s official: Charles Schwab strikes $26 billion deal to buy TD Ameritrade
Markets

Charles Schwab will reportedly acquire TD Ameritrade for $26 billion

Charles Schwab will acquire rival brokerage TD Ameritrade and the deal could be announced as soon as this morning, FOX Business reported Thursday. The purchase will ring in at roughly $US26 billion and allow Schwab to better compete with Fidelity, Interactive Brokers and E*Trade. TD Ameritrade surged as much as […]
Charles Schwab will reportedly acquire TD Ameritrade for $26 billion
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