Short Take: Schwab online users trade more than $2 billion per week
Charles Schwab disclosed for the first time that retail investors now buy and sell more than $2 billion in securities value through its Web site each week. Schwab's site handled about $26 billion in securities transactions during the first quarter of this year. Online trading is one of the fastest-growing areas of Web commerce.
Jeff Pelline Staff Writer, CNET News.com
Jeff Pelline is editor of CNET News.com. Jeff promises to buy a Toyota Prius once hybrid cars are allowed in the carpool lane with solo drivers.
disclosed for the first
time that retail investors now buy and sell more than $2 billion in
securities value through its Web site each week. Schwab's site handled
about $26 billion in securities transactions during the first quarter of
this year. Online trading is one
of the fastest-growing areas of Web commerce.