Monthly client assets continued to grow on a sequential basis at online brokers in August, while trading activity was mixed.
Interactive Brokers Group Inc. was the only company included in the analysis to record growth in daily average revenue trades for the month to 696,000, from 694,000 in July. DARTs at E*TRADE Financial Corp. and TD Ameritrade Holding Corp. fell by 0.8% and 2.0%, respectively. All these brokers recorded a growth of 18% or higher for DARTs on a year-over-year basis.
Charles Schwab Corp. doesn't report DARTs on a monthly basis, but reported a sequential growth of 0.7% in client assets from July. This number rose by 1.7%, 2.7% and 0.9% at E*Trade, Interactive Brokers and TD Ameritrade, respectively.
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