TD Ameritrade Sees Stagnating Volumes in May
- Volumes at TD Ameritrade inched lower to their latest of 2016 thus far.
TD Ameritrade (Nasdaq:AMTD), one of the largest brokers for retail clients in the United States, has reported its monthly metrics and turnover, which underwent a slight decline across a few different measures MoM.
The new world of Online Trading Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Read this Term, Fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term and marketing – register now for the Finance Magnates Tel Aviv Conference, June 29th 2016.
For the month ending May 2016, TD Ameritrade underwent an average of 445,000 client trades per day, which constitutes a decline MoM of -5.3% MoM from 470,000 trades per day in April 2016. The latest volumes are the lowest in 2016 to date, retreating to levels not seen since December 2015.
By extension, over a yearly timetable, May 2016’s average daily volumes are higher by a factor of 4.2% YoY from 427,000 trades per day in May 2015. Moreover, TD Ameritrade disclosed its total client assets as of May 31, 2016 at $727.8 billion, having notched a tepid growth of 1.2% MoM from $719.0 billion in April 31, 2016. This figure was slightly larger when measured against its 2015 counterpart, albeit by 2.4% YoY from $710.8 billion in May 31, 2015.
Looking further, TD Ameritrade’s average was virtually unchanged MoM from $106.2 billion in April 2016. YoY the latest figures jumped 11.0% higher from $95.1 billion in May 2015. Finally, the group’s average fee-based balances stood at $161.5 billion in May 2016, unchanged MoM from $161.6 billion in April 2016 as well as $161.8 billion in May 2015.
TD Ameritrade (Nasdaq:AMTD), one of the largest brokers for retail clients in the United States, has reported its monthly metrics and turnover, which underwent a slight decline across a few different measures MoM.
The new world of Online Trading Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Read this Term, Fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term and marketing – register now for the Finance Magnates Tel Aviv Conference, June 29th 2016.
For the month ending May 2016, TD Ameritrade underwent an average of 445,000 client trades per day, which constitutes a decline MoM of -5.3% MoM from 470,000 trades per day in April 2016. The latest volumes are the lowest in 2016 to date, retreating to levels not seen since December 2015.
By extension, over a yearly timetable, May 2016’s average daily volumes are higher by a factor of 4.2% YoY from 427,000 trades per day in May 2015. Moreover, TD Ameritrade disclosed its total client assets as of May 31, 2016 at $727.8 billion, having notched a tepid growth of 1.2% MoM from $719.0 billion in April 31, 2016. This figure was slightly larger when measured against its 2015 counterpart, albeit by 2.4% YoY from $710.8 billion in May 31, 2015.
Looking further, TD Ameritrade’s average was virtually unchanged MoM from $106.2 billion in April 2016. YoY the latest figures jumped 11.0% higher from $95.1 billion in May 2015. Finally, the group’s average fee-based balances stood at $161.5 billion in May 2016, unchanged MoM from $161.6 billion in April 2016 as well as $161.8 billion in May 2015.