Home Wealth  Money E*Trade Says Trading Activity Up 9% In October

E*Trade Says Trading Activity Up 9% In October

Posted: Nov. 17th, 2011  |  By Forbes

powered by Forbes

RSS Syndicated News Email a Friend Suggest an Article Share Visit Website

Online brokerage E*Trade Financial reported a 9% year-over-year increase in trading activity in October, Daily average revenue trades averaged 157,713 in October, 9% higher than October 2010 and 3% higher than in September.

Brokerage account totals fell slightly from September to October a decrease of 836 accounts to about 2.8 million.

Net new brokerage assets were up $0.6 billion in October, E*Trade said, as brokerage-related cash increased by $1 billion, or $27.1 billion, as customers were net sellers of about $0.9 billion in securities.

E*Trade shares are trading down over 2.8% Wednesday.

Rival Charles Schwab (nasdaq: SCHW - news - people ) is trading down .9% today, after the company announced it has launched an international stock rating methodology to complement its domestic stock rating system.

And, TD Ameritrade (nasdaq: AMTD - news - people ) shares are trading down over 1.8%.

Market News Video produces and distributes online videos about stocks and investing.




Share on Facebook Share
See Next Article
Write a Story/Review about this topic

Post a Comment

 
Need to Get Away?
Top 10 Business Hotels
Who says you can’t mix business with pleasure?
Read More
More Articles from Forbes.com

advertisement
Quick Links
Autos
Boating
Real Estate
Luxury Travel
Fashion
Search Real Estate
Find Your Dream Home
Search for homes by
State, Country or Style.
Event Calendar
advertisement
Current News & Features
Massive $1.6M Titan Zeus TV Needs a Mansion to Fit In
Customizable Sunreef 156 ULTIMATE Marketed to the Young & Rich
Jaguar Land Rover Prepares to Release Intelligent Self-Learning Car to Learn Your Routine
Listen to 35 Classic & Exotic Cars Roar to Life in Nitto Tire’s Getting Started Video
Meet JIBO: “The World's First Family Robot" That Wants to Make Your Life Easier
20,000 Days on Earth Investigates Nick Cave's Psyche & Boldly Redefines the Music Documentary Genre
Hang Out With Han Solo & Chewbacca By Winning a Role in Star Wars: Episode VII
3 Country Culinary Experiences With Serious Altitude
Foldable Kaira Ice Yacht to Be Tested Out at Baikal Ice Racing Competition
Armani in America: The New 60-Story Oceanfront Residences by Armani/Casa Announced
See the complete list
 
Featured Photo Gallery
See the complete list
THINGS WE LIKE