TD Ameritrade’s November Volumes Swell on Election-Fueled Volatility

The latest batch of volumes and the metrics were largely upbeat following a volatile trading month.

TD Ameritrade (Nasdaq:AMTD), one of the largest brokers for retail clients in the United States, has reported its monthly metrics and turnover for November 2016, having scored a strong MoM growth given an influx of volatility that defined markets throughout the month, per a TD Ameritrade report.

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After a largely muted month in October, volumes were given a welcome boost by the US election and unexpected victory of Donald Trump, which stimulated global markets. For the month ending November 2016, TD Ameritrade underwent an average of 540,000 client trades per day, which constitutes a growth of 23.8% MoM from 438,000 trades per day in October 2016.

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The latest volumes performance is also on par with other institutional venues in the US, all of which saw strong growth in trading volumes during November 2016.

Over a yearly timetable, November 2016’s average daily volumes are higher by a factor of 23.8% YoY from 438,000 trades per day in November 2015. Furthermore, TD Ameritrade disclosed its total client assets as of November 30, 2016 at $782.2 billion, having inched higher by 2.4% MoM from $764.2 billion since October 31, 2016. This figure was much larger when measured against its 2015 counterpart, justifying a 10.8% YoY increase from $706.1 billion in the same period ending November 30, 2015.

Looking at its other figures, TD Ameritrade’s average spread-based balance managed to secure a climb MoM to $118.3 billion in November 2016, moving higher from $115.2 billion in October 2016, or 2.7% MoM. YoY the latest figures also grew by 16.0% from $102.0 billion in November 2015. Finally, the group’s average fee-based balances stood at $169.1 billion in November 2016, virtually unchanged MoM from $169.2 billion in October 2016.

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