E-Trade reports October DARTs up 28% y/y
E*TRADE Financial Corporation released its Monthly Activity Report for October 2017. Daily Average Revenue Trades for October were 215,689, a 7% increase from September and a 28% increase from the year-ago period. Derivatives represented 31% of DARTs during the month. The company added 37,636 gross new brokerage accounts in October and ended the month with approximately 3.6M brokerage accounts, which remained flat from September. Net new brokerage assets were $0.6B in the month. During the month, customer security holdings increased by $8.4B, and brokerage-related cash increased by $0.5B to $52.8B. Customer margin balances decreased $0.1B ending the month at $8.4B. Customers were net buyers of approximately $0.1B in securities during the month.