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, fintech 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.
The FX Global Code – Is Self-Regulation the Future of the Industry?Go to article >>
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.