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Stock Market & Financial Investment News

News Breaks
July 9, 2014
08:21 EDTETFC, SCHW, IBKR, AMTDFINRA probing retail brokerage routing practices, WSJ says
The Financial Industry Regulatory Authority, or FINRA, is sending "sweep letters" to about 10 retail brokers this week for details about how they route customer orders so that the price is "as favorable as possible for its customer under prevailing market conditions," said The Wall Street Journal, citing an interview with Tom Gira, the executive vice president of Finra's market regulation department. The report does not name the 10 firms being sent the letters, but stocks in the brokerage space include TD Ameritrade (AMTD), Charles Schwab (SCHW), E-Trade (ETFC) and Interactive Brokers (IBKR). Reference Link
News For AMTD;SCHW;ETFC;IBKR From The Last 14 Days
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July 1, 2015
12:26 EDTIBKRInteractive Brokers reports June DARTs up 21% year-over-year
Interactive Brokers Group reported its Electronic Brokerage monthly performance metrics for June. Highlights for the month included: 600,000 Daily Average Revenue Trades, 21% higher than prior year and 3% lower than prior month. Ending client equity of $66B, 22% higher than prior year and 1% lower than prior month. Ending client margin loan balances of $19B, 23% higher than prior year and 2% lower than prior month. Ending client credit balances of $33.4B, 18% higher than prior year and 1% lower than prior month. 310,000 client accounts, 18% higher than prior year and 1% higher than prior month. 447 annualized average cleared DARTs per client account. Average commission per cleared client order of $4.43 including exchange, clearing and regulatory fees.

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