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Most online brokers record YOY improvement in February trading activity

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Most online brokers record YOY improvement in February trading activity

Severalonline brokers saw daily average revenue trades grow year over year in February,but monthly total client asset results were negative for most of them.

recordedthe only double-digit year-over-year increase in DARTs during the period. DARTsrose 21.17% to 767,000 in February from 633,000 a year ago.

Postingmore modest increases were TD AmeritradeHolding Corp., which saw DARTs grow 4.54% to 507,000 from 485,000 inthe prior-year period, and TradeStationGroup Inc., which posted an improvement in DARTs of 4.42%, to 138,033from 132,185 in February 2015.

experiencedan 8.55% drop in DARTs on a year-over-year basis, to 164,077 from 179,420 in thesame period a year earlier.

, which does notreport DARTs on a monthly basis, reporteddaily average revenue trades of 285,000 in the fourth quarter of 2015, comparedwith 304,000 in the third quarter of 2015 and 315,000 in the year-ago quarter.

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In termsof total client assets, Interactive Brokers was the only broker that saw a year-over-yearincrease at 9.62%.

E*TRADEsaw the biggest fall in total client assets with a year-over-year decline of 11.83%,while TradeStation saw a 5.36% decrease. TD Ameritrade and Charles Schwab recordedmore moderate year-over-year decreases in monthly total client assets in Februaryat 3.41% and 3.85%, respectively.

SandlerO'Neill & Partners analyst Richard Repetto in a March 8 note reiterated his"buy" rating on TD Ameritrade, saying that its trading metrics matchedhis forecasts and that client balances were better than expected in February. Theanalyst added that the company's March-to-date trading activity exceeded expectations.In a March 14 note, Repetto said he calculates Charles Schwab's February DARTs tohave declined 13% month over month, adding that the company underperformed the peeraverage.

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