Share trading on the Internet surges to record volumes
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.SHARE TRADING on the Internet set a record pace in the first quarter of this year, and online trading volumes rose by 30 to 35 per cent to around 450,000 trades a day from the fourth quarter, one of the industry's most influential analysts said yesterday.
The surge in online trading volumes came despite overall market volumes rising just under 5 per cent from the fourth quarter, analyst Bill Burnham of CS First Boston said in a research note. The rise means that Web brokers processed an average of 440,000 to 460,000 trades a day in the first quarter and continue to pick off market share from traditional brokers. Online trading volumes had risen by almost 40 per cent to a record 340,000 trades a day in the fourth quarter.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments