E*TRADE’s DARTs Climb Higher MoM in April Despite Lagging Behind 2015

E*TRADE saw an increase in its DARTs during April, which was offset by less brokerage accounts added during the month.

E*TRADE Financial Corporation (NASDAQ: ETFC) has reported its latest tranche of monthly metrics, which in the month of April 2016 managed to secure a steady rise in DARTs, according to a recent E*TRADE Financial statement.

The new world of online trading, fintech and marketing – register now for the Finance Magnates Tel Aviv Conference, June 29th 2016.

Join the iFX EXPO Asia and discover your gateway to the Asian Markets

Per the latest volumes in April 2016, E*TRADE’s Daily Average Revenue Trades (DARTs) came in at 159,215, rising by a margin of 1.1% MoM from 157,242 in March 2016. By extension, over a yearly interval, E*TRADE’s April 2016 performance was also higher, albeit by the same factor of 1.1% YoY, given a DARTs figure of 157,442 set back in April 2015.

Suggested articles

Going Past the Great Wall: Things to Consider When Entering the Asian MarketGo to article >>

In terms of E*TRADE’s brokerage accounts, the group secured an increase of 10,866 gross new accounts in April 2016 – this represented a rather large decline, especially when measured against the prior month. March 2016 had added 17,769 new accounts, which compared to April 2016 was indicative of fall -38.8% MoM – in total, this brings the company’s overall accounts to approximately 3.26 million.

Furthermore, E*TRADE also saw its customer security holdings yield a figure of $205.6 million during April 2016, unchanged MoM to the $205.6 million set in March 2016, though -5.2% lower YoY from $216.9 million in April 2015.

Last month, E*TRADE also released its Q1 2016 earnings, which echoed a largely positive tune across its business over the past three months. Revenues and earnings per share (EPS) were all pointed higher, rounding out what was a positive quarter for the venue.

Got a news tip? Let Us Know