Online brokers E-Trade (ETFC -2%) and Charles Schwab (SCHW -0.7%) slide after Sandler...

|By:, SA News Editor

Online brokers E-Trade (ETFC -2%) and Charles Schwab (SCHW -0.7%) slide after Sandler O’Neill's Rich Repetto says retail trading at online firms fell 5%-10% M/M in March: "We suspect March retail trading generally underperformed consolidated industry share volumes, which were down 5.1% sequentially,” Repetto says.