TradeStation Opened 21,052 New Accounts in January, 218% YoY Jump

TradeStation, an American online broker that is a subsidiary of the Japanese giant Monex Group, released its key metrics for January 2022, showing excellent growth across almost all parameters.

The broker ended the month with 195,969 total customer accounts, which is 44.7 percent higher than the previous year. This figure showcases the number of TradeStation customer accounts with a positive balance.

The number of gross new accounts on the trading platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term also jumped to 21,052 last month. That figure was 218.2 percent higher than the reported number for January 2021. Out of the total newly open accounts, 14,147 are cryptocurrency accounts, including 13,450 accounts that were opened under a promotional program.

Additionally, the total customer assets and total customer cash held with the company jumped significantly in the month. TradeStation ended January with $11.5 billion in total customer assets, which is 16.7 percent higher than the previous year, and $3 billion in total customer cash, which is 5.9 percent higher than January 2021.

DARTs Dropped

However, the daily average revenue trades (DARTs) dipped last month to 239,227. Despite strong customer metrics, January DARTs decreased by 12.4 percent year-over-year.

Meanwhile, TradeStation confirmed last November that the company is going public with a blank-check company merger Merger A merger is defined as the absorption of the interest of another. It can include an estate, or contract. There are no specific rules or formats for a union in general. It is a method of combining two or more organizations, business concerns, or other related interests. The terms of a merger are usually by agreement of the parties involved. In the financial sphere, merger refers to an agreement between two or more companies or corporations, public and private, to merge into one entity. Mergers d A merger is defined as the absorption of the interest of another. It can include an estate, or contract. There are no specific rules or formats for a union in general. It is a method of combining two or more organizations, business concerns, or other related interests. The terms of a merger are usually by agreement of the parties involved. In the financial sphere, merger refers to an agreement between two or more companies or corporations, public and private, to merge into one entity. Mergers d Read this Term. It has already signed a deal with Quantum FinTech Acquisition Corporation, a special-purpose acquisition company (SPAC), and the value of the merged entity is expected to be around $1.43 billion.

For the October to December quarter, the company reported a 1.8 percent increase in its net revenue to $53.9 million, but it turned a pre-tax loss of $15.7 million and a net loss of $11.3 million.