Schwab Says Client Trading Increased 7% in February

By Nick Baker

March 13 (Bloomberg) -- Charles Schwab Corp., the largest independent brokerage by client assets, said daily trading by its customers increased 7 percent last month from January.

Schwab, based in San Francisco, said clients added a net $5.5 billion to their accounts in February, even as the Standard & Poor’s 500 Index tumbled 9 percent in its worst start to a year, according to a statement today.

To contact the reporter on this story: Nick Baker in New York at nbaker7@bloomberg.net.