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Datek's Trading Volume Falls in May
Trading volume continued to decline in May for online brokerage Datek, as increasing losses in the stock market discouraged investors from putting their money in equities.
Datek, which is being acquired by Ameritrade (AMTD Quote), said Thursday that average daily trades in May fell 2% from April to 70,000. That puts the daily trading activity for the company down 8% for the first two months of the quarter. ...
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