E*TRADE’s DARTs Tick Higher in October 2016
- Another area of strength for the month was E*TRADE’s brokerage customer assets which rose to $266.2 million.
E*TRADE Financial Corporation (NASDAQ: ETFC) has just released its monthly metrics report for October 2016, which saw mixed flows across various segments but largely remained within the recent consolidation ranges.
In October 2016, E*TRADE revealed that Daily Average Revenue Trades (DARTs) pointed higher, coming in at 168,739, up by a factor of 2.1% MoM from 165,326 in September 2016. By extension, over a yearly interval, E*TRADE’s October 2016 DARTs were higher, as indicated by a jump of 16.7% YoY, given a DARTs figure of 144,607 set back in October 2015.
However, in terms of E*TRADE’s net new accounts, the group saw a substantial drop after adding only 30,747 gross new accounts in October 2016, way off from the company’s peak of 172,929 set back in September 2016, which reflects a full 82.2% decline. However, it should be noted that the strong jump in September’s net new accounts included 147,761 accounts acquired as part of the OptionsHouse's Acquisition Acquisition Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Read this Term deal.
While this figure represents a move lower over a monthly timeframe, it is better when weighed against last year, as new brokerage accounts were up 26.9% YoY from 24,227 back in October 2015. 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 Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term.
In total, this brings the company’s overall accounts to approximately 5.22 million in October 2016, which reflected a marginal increase of 0.1 percent compared to 5.21 million in September 2016, but nearly 6 percent higher YoY.
Another area of strength for the month was E*TRADE’s brokerage customer assets which orchestrated a rise up to $266.2 million in the last month, up 5.6 percent YoY from $252.1 million in 2015. However, the month on month comparison shows a fall of -2.1 percent from $270.4 million in the prior month.
E*TRADE Financial Corporation (NASDAQ: ETFC) has just released its monthly metrics report for October 2016, which saw mixed flows across various segments but largely remained within the recent consolidation ranges.
In October 2016, E*TRADE revealed that Daily Average Revenue Trades (DARTs) pointed higher, coming in at 168,739, up by a factor of 2.1% MoM from 165,326 in September 2016. By extension, over a yearly interval, E*TRADE’s October 2016 DARTs were higher, as indicated by a jump of 16.7% YoY, given a DARTs figure of 144,607 set back in October 2015.
However, in terms of E*TRADE’s net new accounts, the group saw a substantial drop after adding only 30,747 gross new accounts in October 2016, way off from the company’s peak of 172,929 set back in September 2016, which reflects a full 82.2% decline. However, it should be noted that the strong jump in September’s net new accounts included 147,761 accounts acquired as part of the OptionsHouse's Acquisition Acquisition Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Read this Term deal.
While this figure represents a move lower over a monthly timeframe, it is better when weighed against last year, as new brokerage accounts were up 26.9% YoY from 24,227 back in October 2015. 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 Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term.
In total, this brings the company’s overall accounts to approximately 5.22 million in October 2016, which reflected a marginal increase of 0.1 percent compared to 5.21 million in September 2016, but nearly 6 percent higher YoY.
Another area of strength for the month was E*TRADE’s brokerage customer assets which orchestrated a rise up to $266.2 million in the last month, up 5.6 percent YoY from $252.1 million in 2015. However, the month on month comparison shows a fall of -2.1 percent from $270.4 million in the prior month.