The Schwab Trading Activity Index (STAX) decreased to 47.10 in September 2024, down from its August score of 53.16. This marks the largest slide in the index since June 2022.
The STAX is a proprietary index that analyzes retail investor stock positions and trading activity from Schwab's client accounts. A decline in the index indicates reduced trading engagement among Schwab clients.
This reduction in trading activity could reflect a more cautious stance among retail investors, potentially impacting the company's trading revenue in the near term.
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