E-Trade’s DARTs reach record-high in Nov 2016

E-Trade’s DARTs reach record-high in Nov 2016

- in All News, Featured News, Forex Brokers
e-trade financial

Multi-asset broker E-Trade Financial Corp., operating under the E-Trade brand, reported a record-high daily average revenue trades (DARTs) of 208,420 in November 2016. The figure represents a significant growth both over the month and year-on-year of 23.5% and 40.1%, respectively.

The broker’s trading metrics reached very low values throughout the year (reaching 143,831 in August), except for the past three months when they started to stabilize.

E-Trade added 19,138 net new brokerage accounts last month, bringing their total number to nearly 3.5 million, or slightly up from October and 7.7% higher than a year earlier. Meanwhile, the total number of client accounts with the broker grew 5.8% on the year to more than 5.2 million.

Client assets deposited with E-Trade went up by a monthly 2.7% to $308.5 billion in November, posting an annual increase of 4.3%. Brokerage customer assets stood at $272.8 billion, after the broker growing with $1.6 billion last month.

Following is more information about E-Trade’s latest monthly metrics:

e-trade-nov-2016

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. Recently, the company finalized the acquisition of Aperture New Holdings Inc., the indirect parent company of OptionsHouse. The move aims to expand its customer profile with the move.

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.

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