E-Trade posts record-high DARTs in Feb 2017

E-Trade posts record-high DARTs in Feb 2017

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Multi-asset brokerage E-Trade Financial Corp., operating under the E-Trade brand, generated record-high daily average revenue trades (DARTs) of 218,964 in February 2017, posting an increase of 9% on the month and 33% over the year. The figure is higher than the highest monthly DARTs in 2016.

The number of client accounts the broker handled also reached a new high of 5.27 million in February, after adding 21,767 net new accounts during the month. Brokerage accounts were nearly 3.5 million (also a history highest) and net newly-added ones were 25,977.

E-Trade’s clients had $333.3 billion deposited with the broker at the end of February, just 4% higher than a month earlier and 25% more than for the same period in the preceding year. Of the total, net brokerage assets were $294.4 billion.

For details about the broker’s trading metrics in February, take a look at the following table:

E-Trade DARTs feb 20174

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.

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