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Associated Press

E-Trade April trading volume rises 6 percent

By Associated Press May 14, 2008 Comments (0)

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E-Trade Financial Corp.'s April daily average revenue trades rose 6 percent, the online brokerage said Wednesday.

E-Trade, which has struggled after making poor investments in mortgage-related products, said retail customer assets fell 16 percent to $174.13 billion as customer securities holdings dropped 18 percent. The decline came as the company sold its retirement advisory business along with $2.3 billion in customer assets and 24,000 accounts.

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