trending Market Intelligence /marketintelligence/en/news-insights/trending/tSl9qUVxihep-uX7imiA6w2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Online brokers see mixed trading activity in March

Banking Essentials Newsletter - November Edition

University Essentials | COVID-19 Economic Outlook in Banking: Rates and Long-Term Expectations: Q&A with the Experts

Estimating Credit Losses Under COVID-19 and the Post-Crisis Recovery

StreetTalk – Episode 70: Banks' Liquidity Conundrum Could Fuel M&A Activity


Online brokers see mixed trading activity in March

Onlinebrokers posted mixed year-over-year growth in daily average revenue trades andmonthly total client asset results in March.

recorded the highest year-over-year increase in DARTs during the month. DARTsgrew 3.46% to 658,000 in March from 636,000 a year ago. postedslower growth, with DARTs rising 1.98% to 463,000 from 454,000 in theprior-year period.

saw adouble-digit decrease in DARTs, as they tumbled 10.45% to 112,769 from 125,932in March 2015. The drop intrading activity was much less dramatic at E*TRADE Financial Corp., which experienced a 1.14%decline to 157,242 from 159,053 in March 2015.

, which doesnot report DARTs on a monthly basis, logged daily average revenue trades of 328,000 in thefirst quarter, versus 285,000 in the fourth quarter of 2015 and 313,000 in theprior-year period.

SNL Image

Interms of total client assets, Interactive Brokers was the only broker that sawa double-digit year-over-year increase at 14.54%.

TDAmeritrade and Charles Schwab posted slight year-over-year increases in monthlytotal client assets in March of 2.29% and 1.28%, respectively.

TradeStationsaw the steepest decline in total client assets with a year-over-year drop of5.29%, while E*TRADE followed with a 4.98% decrease.

PiperJaffray analyst Jason Weyeneth in an April 22 note said that the DARTs reportedby Charles Schwab increased 15.1% sequentially and 4.8% compared with the firstquarter of 2015. The analyst said that the increase was mostly driven by marketvolatility in January and early February, which was followed by a markedslowdown in March that continued into April. Weyeneth further noted that AprilDARTs at the company were tracking down 18.3% from first-quarter levels.

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