trending Market Intelligence /marketintelligence/en/news-insights/trending/7lk2-v2xsly6vhpi-fmbfa2 content esgSubNav
Log in to other products


Looking for more?

Contact Us
In This List

DARTs plummet at major online brokers in April


Banking Essentials Newsletter: June Edition

Case Study

กรณีศึกษา A Bank Takes its Project Finance Assessments to a New Level


Financial Institutions Factor Transition Risk into Climate-Related Stress Testing


Banking Essentials Newsletter: May Edition, Part-2

DARTs plummet at major online brokers in April

Trading activity continued to drop at major U.S. online brokers even as client assets rose in April.

Interactive Brokers Group Inc. reported 812,000 daily average revenue trades, or DARTs, in April, down for the second straight month from 1.02 million in February. Likewise, TD Ameritrade Holding Corp.'s DARTs fell to 775,000 in April, from 1.01 million in February.

The decline in the trading activity was not entirely unexpected. After DARTs significantly spiked in late 2017, TD Ameritrade President and CEO Timothy Hockey said the surge in trading tied to blockchain- and cannabis-related stocks would taper off eventually, according to an interview with Reuters in January.

Meanwhile, total client assets increased month over month at the five online brokers included in the analysis.

SNL Image

SNL Image

Did you enjoy this analysis? Click here to set up real-time alerts for data-driven articles on the U.S. financial sector.

Click here to access the underlying data in an Excel spreadsheet.

Click here for a tear sheet containing market and financial performance data of a financial institution.

S&P Global Market Intelligence provides links to external sites where these offer further, relevant information to our readers. While we ensure that such links are functional at the time of publication, we are not responsible in instances where those links are unavailable later.