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E*TRADE Financial Corporation Message Board

  • Roger_77030 Roger_77030 Feb 3, 2000 12:43 PM Flag

    EGRP is handling 123,250 trades per day

    .......Although Charles Schwab Corp. (NYSE:SCH - news), the No. 1
    U.S. online and discount broker, held the lead by
    handling 22 percent of the volume, it lost some of its
    market share to rivals, some of whom charge less for
    their services, it said.
    ``Schwab lost 60 basis
    points of market share in fourth quarter 1999 and lost
    550 basis points of market share in calendar 1999,''
    it said.
    E*Trade Group Inc. (NasdaqNM:EGRP -
    news), the No. 2 online broker, was one of the larger
    encroachers on Schwab's market share, handling 123,250 trades
    per day or 15.3 percent of the total, according to a
    Piper Jaffray analyst.
    Meanwhile, TD Waterhouse
    Group Inc. (NYSE:TWE - news) had 107,146 trades or 13.3

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