Trading volume rose in April at both Charles Schwab Corp. and TD Ameritrade Holdings Corp.
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Schwab reported Friday that stock trading rose 5% from March, averaging 293,000 trades a day, or 44% more than in April 2005. The San Francisco brokerage company gathered $4.6 billion of net new client assets in the month, bringing its total to $1.3 trillion, or 1% more than in March.
TD Ameritrade, an Omaha online brokerage, said Thursday that it averaged 278,000 trades a day in April, up 9% from March. At April 28, it said, it had 3.3 million accounts with assets of more than $2,000 each; it opened 53,000 accounts and closed 24,000, ending the month with more than six million accounts overall.
