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Volatility Was A Godsend For Retail Brokers In The First Quarter

TedTed
in The Bullpen
FYI: Retail brokerages E*Trade Financial Corp. and Charles Schwab Corp. welcomed the return of volatility.

The jump in the VIX from single digits to an average reading of 17.4 for the first quarter may have worried their clients, but the brokers saw a record number of average daily trades. Transactions for each of the firms surged more than 30 percent in the year’s first three months over the prior quarter.
Regards,
Ted
https://www.bloomberg.com/news/articles/2018-04-20/volatility-was-a-godsend-for-retail-brokers-in-the-first-quarter
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