E*TRADE Continues Strong Start to 2018, as DARTs Climb 51% YoY

Derivative DARTs constituted 31% of E*TRADE’s total DARTs during February.

E*TRADE Financial Corporation continued to build on its fast start to 2018, posting even better results during February.

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Daily Average Revenue Trades (DARTs) during February came in at 330,121, representing a 51 percent YoY increase, from February 2017 levels of 218,964. DARTs also improved on a monthly basis, rising 5% compared to January’s results of 315,572.

Delving into the data, the total performance of DARTs for February were aided by derivatives, which constituted 31% of E*TRADE’s total DARTs during the month.

Derivative DARTs during February were released at 102,304. To put that in context, Derivative DARTs posted a 7% rise, after being released at 95,496 during January.

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Moreover, the significant step forward can be seen over the course of a year, where Derivative DARTs actually increased by a staggering 65% from last February’s release at 61,989.

E*TRADE’s net new brokerage assets were $2.0 billion in February, marking a 33% monthly increase from January’s mark of $1.5 billion. While net new brokerage assets still improved on a yearly basis, the numbers are a bit more modest, with an 11% increase from February 2017 levels of $1.8 billion.

E*TRADE has taken various steps to ensure the strong trading data that is evident from its strong start to 2018. Following two consecutive impressive monthly activity reports E*TRADE continues its efforts to build on the positive performance evident by its recent numbers.

One of the changes that E*TRADE has made in recent months, is the permitting and enabling trading of Bitcoin futures on the Cboe. The New York-based financial services company clearly comprehends the growing demand for the digital assets, and in response is trying to tap in to some of the volume through this move.

Moreover, toward the end of January of this year, E*TRADE agreed to purchase 1 million brokerage accounts from Capital One at a cost of $170 million. the decision provided an influx of clients and cash to E*TRADE, adding $18 billion in deposits, and raising the number of brokerage accounts to 5.24 million.

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