More Cautious Trading Knocks Brokerage Stocks—Heard on the Street
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Interactive Brokers said it saw record trading volume as the markets whipsawed in April. Shares of the online brokerage firm, which serves a range of customers including hedge funds, financial advisors and retail traders, tumbled Wednesday, following its late-Tuesday earnings report and analyst call. Shares of Robinhood Markets, the online retail trading platform, were also hit hard.
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