Do not invest more money than you can afford to lose.
Multi-asset brokerage E-Trade Financial Corp., operating under the E-Trade brand, said on Monday its daily average revenue trades (DARTs) amounted to 164,007 in February 2016, posting a decline on both a monthly and an annual basis of 6.4% and 8.6%, respectively.
Highlights of E-Trade’s monthly brokerage performance in February follow:
- Total brokerage accounts stayed on the month flattish at 3.2 million, posting an annual growth if 2%
- Gross new brokerage accounts totaled 38,494, or up 29.8% m/m and 3.4% y/y
- Brokerage customer assets exceeded $233 bln, or up 1% m/m and down 9.5% y/y
- Net new brokerage assets added were $900 million, down from $1 billion a month earlier
The company also published data about its stock planning and banking operations, as well as metrics for its overall performance in February. Detailed information follows:
The broker noted net new brokerage accounts include the closure of 1,524 accounts in February and 1,440 accounts in January 2016 related to the shutdown of its operations in Hong Kong and Singapore.
In comparison, in February the DARTs of US-based automated forex broker Interactive Brokers went down 8% on the month to 767,000, while its accounts reached record-high of 340,000.
New York-based E-Trade Financial Corp., offers various financial services, online brokerage and banking services. It works primarily with retail clients through its 30 offices across the US.
The holding company has three subsidiaries – E-Trade Securities for securities products and services, including stocks, bonds mutual funds, options, and ETFs; E-Trade Capital Management for managed account solutions; and E-Trade Bank for bank products and services.
Source: E-Trade
