Question: Number of Active Traders in the U.S.

TD, Schwab and IBKR are public and do quarterly calls. Listen to their definition of active and they "usually" talk about numbers and trends. My guess in the US would be about 200,000 to 300,000.
 
My guess is that the number is dropping big-time thanks to passive ETFs outperforming even professional fund managers. Why spend time when passive means are more profitable?

gwb-trading said:
Folks,

I looking to get some quick info on two questions:

1) What is the total number of active retail stock traders in the U.S. ? (Info on trends is also helpful).

2) What is the total number of active retail investors in the U.S. ? (an active retail investor is defined as someone who does 15 more more transactions per quarter, but is not a regular trader).


This will help me out with a discussion I am having with some people. Any links to sources.... I tried a google search but came up with no immediate answers.

TIA,

- Greg
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