E-Trade reports July DARTs up 42% y/y to 208,156
E*TRADE Financial released its Monthly Activity Report for July 2017. Daily Average Revenue Trades for July were 208,156, a 3% decrease from June and a 42% increase from the year-ago period. Derivatives represented 34% of DARTs during the month. The company added 29,287 gross new brokerage accounts in July and ended the month with approximately 3.6 million brokerage accounts-a decrease of 3,007 from June. July's decrease in brokerage accounts was attributable to the outflow of stock plan proceeds following elevated stock plan transactions in the first half of 2017. Net new brokerage assets were $0.1B in the month. During the month, customer security holdings increased by $5.6B, while brokerage-related cash remained flat, ending the month at $51.7B. Customer margin balances decreased $0.1 billion, ending the month at $8.1B. Customers were net buyers of approximately $0.1B in securities during the month.