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Using this measure, East Asian economies are the world's most active traders.
CFTC documents show Vitol was one of the most active traders of oil on NYMEX as prices reached record levels.
Industry analysts say it is inevitable that big Wall Street brokerages, like Merrill Lynch & Company and Citigroup, will follow Schwab's lead in courting the most active traders.
When Fidelity introduced wireless access, Mr. Ferra said, it expected only the most active traders to want it, and so it offered the wireless service only to those with account balances of at least $100,000.
And in an apparent reference to the Williams Companies and Powerex, two of the most active traders in the California market, the notes state: "Show the Powerex/Williams -- hogs at trough".
In a paper titled "Trading Is Hazardous to Your Wealth," Odean and his colleague Brad Barber showed that, on average, the most active traders had the poorest results, while those who traded the least earned the highest returns.
Similar(48)
The former trader, Edwin Chin, was fired from Goldman in 2012, when he was running its residential mortgage-backed securities trading desk and was its most active trader in the securities.
The second most active trader in Alliance's funds were hedge funds managed by Edward Stern of Canary Capital Partners, which agreed in September to pay $40 million without admitting or denying wrongdoing to settle accusations by the New York attorney general related to his mutual fund trading.
Until this year Merrill hadn't bothered to set up service for these most-active traders.
Electronic brokerage companies are taking extreme measures to hold the most active stock traders because they are so much more profitable.
But the company surprised some of its most active stock traders by giving them those tickets, leaving Mr. Petrilli, the president and a Bronx native, several rows farther back.
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