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US stock brokers made $3.8 billion selling customer orders amid the meme-stock craze, with Charles Schwab edging out Robinhood with the most PFOF gains

Last year's windfall from payment for order flow was a 33% gain from the year prior, Bloomberg Inte…

Natasha Dailey   


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1 min read

Ending payment for order flow would be a 'disservice' to retail traders, says former TD Ameritrade chief

Former TD Ameritrade CEO Joe Moglia told Bloomberg News the retail crowd gets everything for free o…

Natasha Dailey   


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Retail investors' strong 'buy-the-dip' impulse will help keep stocks buoyant in 2021, says TD Ameritrade's JJ Kinahan

"Anytime you see stocks move down 3% or less, you're seeing people come out really quickly to buy t…

Harry Robertson   


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TD Ameritrade posted record retail trading activity and account growth during 2nd-quarter frenzy

Daily average revenue trades reached a record 3.4 million, more than four times their year-ago leve…

Ben Winck   


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1 min read

TD Ameritrade jumps as much as 6% after DOJ approves Charles Schwab takeover deal

Both companies expect that Charles Schwab's acquisition of TD Ameritrade will close in the second h…

Carmen Reinicke   


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3 mins read

Robinhood, Webull, M1 and these other platforms have resumed trading of GameStop and AMC shares

Robinhood, Webull, M1 and others said GameStop and AMC trading can resume on Friday, although many …

Harry Robertson   


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Ameritrade restricts some trading in GameStop, AMC as trading platforms struggle to keep up with historic volume

Ameritrade and other trading platforms are struggling to keep up with the demand for heavily-shorte…

Will Daniel   


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1 min read

Some users are experiencing issues with trading platforms Vanguard, TD Ameritrade, and Charles Schwab due to heavy volume

Thousands of users are reporting issues with the platforms on DownDetector. TD Ameritrade told Insi…

Katie Canales   


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1 min read

People are reporting issues accessing their Fidelity, Ameritrade, Vanguard, Merrill, and Charles Schwab accounts

Users have been reporting issues logging into their Fidelity, Ameritrade, Vanguard, Merrill, and Ch…

Barbara Smith   


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2 mins read

Robinhood hosted more than 4.3 million daily average trades in June — handily beating its biggest brokerage rivals

The brokerage posted 4.31 million daily average revenue trades (DARTs) in June as traders seized on…

Ben Winck   


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2 mins read

Ken Griffin's Citadel Securities is cashing in on the day-trading boom by buying customers' orders

Citadel Securities handles 40% of shares traded by individual investors in the US, the Financial Ti…

Saloni Sardana   


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3 mins read

Investors boosted their stock-market bets in May for the first time in 4 months, TD Ameritrade says

Travel giants Southwest Airlines and Norwegian Cruise Line were among the most bought in May, as we…

Ben Winck   


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3 mins read

Leverage 'can rip your arms off,' former TD Ameritrade boss says in warning to meme-stock retail traders

"Leverage on the way up is a great thing. Leverage on the way down can rip your arms off," says for…

Carla Mozée   


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Charles Schwab will reportedly acquire TD Ameritrade for $26 billion

Schwab announced on October 1 it would cut stock and exchange-traded-fund fees to zero, just one da…

Ben Winck   


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2 mins read

Charles Schwab and TD Ameritrade used one word that should make employees nervous

"Focusing on expenses, current estimates are for approximately $1.8 to $2 billion run-rate expense …

Daniel Strauss   


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2 mins read

It's official: Charles Schwab strikes $26 billion deal to buy TD Ameritrade

The discount brokerage industry is in a state of flux as Schwab, Ameritrade, Fidelity, and others h…

Theron Mohamed   


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1 min read

TD Ameritrade is suspending in-person visits to its 260 US branches as part of its coronavirus response

"Clients can reach their financial consultants via the local branch phone number," a spokesperson s…

Rebecca Ungarino   


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Traders shorting Beyond Meat and weed stocks helped TD Ameritrade's quarter, CEO says

Hockey told Bloomberg that he can't forecast that short selling will boost TD Ameritrade again in t…

Carmen Reinicke   


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6 mins read

Goldman Sachs engineers are getting lessons in how to write memos; TD Ameritrade is eyeing fantasy sports

Earlier this week, Argenti sent an 800-word memo to Goldman's 9,000-plus engineers. The takeaway? M…

Meredith Mazzilli   


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2 mins read

TD Ameritrade becomes the latest broker to eliminate fees - and its free stock trades will be available before Charles Schwab's

TD Ameritrade's move to leapfrog Charles Schwab to free trades is the latest in a race-to-the-botto…

Carmen Reinicke