E-Trade’s May 2016 DARTs fall 6.1% m/m, 1.3% y/y

E-Trade’s May 2016 DARTs fall 6.1% m/m, 1.3% y/y

Multi-asset brokerage E-Trade Financial Corp., operating under the E-Trade brand, reported daily average revenue trades (DARTs) of 149,475 in May 2016, posting a decline of 6.1% from a month earlier and 1.3% over the year, the broker said in a notice on Monday.

The broker handled 5,040,595 client accounts in total at the end of last month of which 3,273,314 were brokerage accounts.  Net new brokerage accounts numbered 8,448.

Meanwhile, the total amount of client accounts deposited with E-Trade was $287.7 billion at end-May, which represents an increase of 1.0% from the previous month, since new client assets increased by $1.1 billion last month. Brokerage customer assets increased by $1.2 billion in May to $252.3 billion, or 1.7% higher than a month earlier’s total.

More details follow:

E-Trade May 2016

In comparison, US-based brokerage Interactive Brokers posted a DARTs of 641,000 in May 2016, the lowest this year so far. Meanwhile Monex Group, a Japanese forex brokerage group, had May DARTs of 274,230, which is the third lowest in its history, while its Japanese units Monex Inc., posted a double-digit drop in DARTs on the month and over the year to168,560, and TradeStation Group, which is in charge of the group’s operations in North America and Europe, saw its DARTs at 106,400, or down by 4.1% on the month and 9.6%  year-on-year.

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


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