Schwab's trading volume falls 33 percent in Oct.

AP News
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Posted: Nov 13, 2009 3:45 PM

The Charles Schwab Corp. said Friday its client daily average trades fell 33 percent in October from a year ago.

The daily average trade volume was 335,300 for the month, which was up 1 percent from September.

The financial services company said new and existing clients brought $8.6 billion in new assets to Schwab in October, and its total client assets were valued at $1.35 trillion at the end of the month. That was up 16 percent from a year ago and down 1 percent from September.

Shares of Charles Schwab were up 15 cents to $18.18 in afternoon trading.