"Although Charles Schwab Corp. (NYSE:SCH - news), the No. 1 U.S. online and discount broker, held the lead by handling 22 percent of the volume, it lost some of its market share to rivals, some of whom charge less for their services, it said.
``Schwab lost 60 basis points of market share in fourth quarter 1999 and lost 550 basis points of market share in calendar 1999,' it said.
E*Trade Group Inc. (NasdaqNM:EGRP - news), the No. 2 online broker, was one of the larger encroachers on Schwab's market share, handling 123,250 trades per day or 15.3 percent of the total, according to a Piper Jaffray analyst." |
