E-Trade reports August DARTs up 44% y/y
E*TRADE Financial released its Monthly Activity Report for August 2017. Daily Average Revenue Trades for August were 206,572, a 1% decrease from July and a 44% increase from the year-ago period. Derivatives represented 31% of DARTs during the month. The company added 40,831 gross new brokerage accounts in August and ended the month with approximately 3.6 million brokerage accounts-an increase of 19,031 from July. Net new brokerage assets were $1.1B in the month. During the month, customer security holdings increased by $6.4B, and brokerage-related cash decreased by $0.2B to $51.5B. Customer margin balances increased $0.4B, ending the month at $8.5B. Customers were net buyers of approximately $1.3B in securities during the month.