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E*TRADE’s Brokerage Accounts and DARTs Swell in January 2017

by Aziz Abdel-Qader
  • In total, this brings the company’s overall accounts to approximately 5.25 million in January 2017.
E*TRADE’s Brokerage Accounts and DARTs Swell in January 2017
E*TRADE
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E*TRADE Financial Corporation (NASDAQ: ETFC) has just released its latest tranche of monthly metrics, which in the month of January 2017 managed to secure a steady rise in DARTs, according to a recent E*TRADE statement.

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In January 2017, E*TRADE revealed that Daily Average Revenue Trades (DARTs) pointed higher, coming in at 201,464 a day, up by a factor of 2.1% MoM from 186,196 in December 2016. Over a yearly interval E*TRADE’s January 2017 DARTs were also higher, as indicated by a jump of 15% YoY, given a DARTs figure of 175,346 set back in January 2016.

In terms of E*TRADE’s net new accounts, the group saw a substantial increase after adding 42,055 gross new brokerage accounts in January 2017, compared to only 29,666 set back in December 2016, which reflects a full 42.0% advance. ‎ However, it should be noted that the strong jump in net new accounts included accounts acquired as part of the OptionsHouse’s Acquisition deal.

While this figure represents a move higher over a monthly timeframe, it is also better when weighed against last month, as new brokerage accounts were up 26.0% month-on-month from 33,250 in December 2016. In addition, net new brokerage accounts last year included the closure of 753 accounts related to the shutdown of the company’s global Trading Platform .

In total, this brings the company’s overall accounts to approximately 5.25 million in January 2017, which reflected a marginal increase of 6 percent compared to 4.97 million in January 2016, but nearly unchanged across the monthly interval.

Another area of strength for the month was E*TRADE’s brokerage customer assets which orchestrated a rise up to 320.1 million last month, up 20 percent YoY from $265.9 million in 2016. Meanwhile, the month on month comparison also shows an increase of 3 percent from $311.3 million in the prior month.

E*TRADE Financial Corporation (NASDAQ: ETFC) has just released its latest tranche of monthly metrics, which in the month of January 2017 managed to secure a steady rise in DARTs, according to a recent E*TRADE statement.

To unlock the Asian market, register now to the iFX EXPO in Hong Kong

In January 2017, E*TRADE revealed that Daily Average Revenue Trades (DARTs) pointed higher, coming in at 201,464 a day, up by a factor of 2.1% MoM from 186,196 in December 2016. Over a yearly interval E*TRADE’s January 2017 DARTs were also higher, as indicated by a jump of 15% YoY, given a DARTs figure of 175,346 set back in January 2016.

In terms of E*TRADE’s net new accounts, the group saw a substantial increase after adding 42,055 gross new brokerage accounts in January 2017, compared to only 29,666 set back in December 2016, which reflects a full 42.0% advance. ‎ However, it should be noted that the strong jump in net new accounts included accounts acquired as part of the OptionsHouse’s Acquisition deal.

While this figure represents a move higher over a monthly timeframe, it is also better when weighed against last month, as new brokerage accounts were up 26.0% month-on-month from 33,250 in December 2016. In addition, net new brokerage accounts last year included the closure of 753 accounts related to the shutdown of the company’s global Trading Platform .

In total, this brings the company’s overall accounts to approximately 5.25 million in January 2017, which reflected a marginal increase of 6 percent compared to 4.97 million in January 2016, but nearly unchanged across the monthly interval.

Another area of strength for the month was E*TRADE’s brokerage customer assets which orchestrated a rise up to 320.1 million last month, up 20 percent YoY from $265.9 million in 2016. Meanwhile, the month on month comparison also shows an increase of 3 percent from $311.3 million in the prior month.

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