E-Trade’s DARTs drop over the month, over the year

E-Trade’s DARTs drop over the month, over the year

- in All News, Forex Brokers
e-trade financial

Multi-asset brokerage E-Trade Financial Corp. (NASDAQ: ETFC), operating under the E-Trade brand, reported daily average revenue trades (DARTs) in July 147 100 – 1% less than in June when they were 148 941 and 2% less than last July.

According to the company’s monthly activity report, in the end of July E-Trade had a total of 3 277 477 brokerage accounts, adding 22 899 gross new brokerage accounts – a net increase of 387 from June. In comparison, last July E-Trade lost 11 877 brokerage accounts, as it closed 14 604 accounts related to the shutdown of the company’s global trading platform.

The net new banking accounts decreased by 1194 from June, while the net new stock plan accounts increased by 12 095.

The net new brokerage assets in July were $0.3 billion. In the period the brokerage-related cash increased by $2 billion and totaled $45 billion, up 4.7% from June and 9.2% from last July. At the same time, the net new banking deposits remained flat.

etrade monthly 1

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.

Recently E-Trade released its Q2 2016 report, which showed that its DARTs dropped, while the net revenue rose, compared to the previous quarter.

Also in July, E-Trade informed the Unites States Securities and Exchange Commission (SEC), it has entered into a definitive agreement to acquire Aperture New Holdings, Inc., the ultimate parent company of OptionsHouse for $725 million in cash.

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