TD Ameritrade’s DARTs Rebound in February, Client Assets Continue Ascension

DARTS rebounded in February, paring last month's losses despite a lack of market drivers.

TD Ameritrade (Nasdaq:AMTD), one of the largest brokers for retail clients in the United States, has reported its monthly metrics and turnover for February 2017, which saw a slight rebound across key segments, per the latest TD Ameritrade report.

After a largely downtrodden performance in January 2017, volumes rebounded in February despite a lack of major market drivers. For the month ending February 2017, TD Ameritrade underwent an average of 534,000 client trades per day, which reflected a growth of 2.5 percent month-over-month from 521,000 trades per day in January 2017.

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The latest volumes reading were also on par with other institutional venues in the US, which cited a generally mixed performance on a month-over-month basis. Outside of speculative positions ahead of the Federal Reserve meeting in March, and with it a likely rate hike, February was devoid of any major volatility.

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Over a yearly timetable, February 2017’s average daily volumes are higher by a factor of 5.0 percent year-over-year from February 2016. Moreover, TD Ameritrade disclosed its total client assets as of February 28, 2017 at $837.8 billion, which edged higher by 2.6 percent month-over-month from $815.0 billion since January 31, 2017. This figure was much larger when measured against its 2016 counterpart, justifying a gain of 24.0 percent year-over-year from the same period ending February 28, 2016.

Looking at its other figures, TD Ameritrade’s average spread-based balance managed to maintain a tight consolidation with $119.3 billion in February 2017, virtually unchanged from $120.1 billion in January 2017. Year-over-year the latest figures also grew by 14.0 percent from February 2016.

Finally, the group’s average fee-based balances stood at $181.2 billion in February 2017, climbing by a factor of 2.7 percent month-over-month from $176.4 billion in January 2017.

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