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
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
$475K Concept One "Curve" is the World's First SUV With 48" 4K TV Inside
2017 Ford GT Surprises at the Detroit Auto Show
This Super Soft Sheepskin Bean Bag Chair is a Throwback Piece You'll Actually Want
Love New Music? Rising Aussie Artist Josef Salvat Needs To Be on Your 2015 Playlist
The Icon Selazzio 95 Sea Palace is the Perfect Floating Mansion
Plug Yourself Into Mycoocoon For a Full Blown Sensory Recharge
Time to Try Thomas Keller's Purée of Sweet Carrot Soup Recipe
The 92M X-BALLET Brings Relaxed Beach House Living to the Open Sea
Here's What the Oscar Nominations Got Right And What They Got So Terribly Wrong
Jewelry Designer Turns Her Sights to 24K Gold Grecian-Inspired Bone China Dinnerware
See the complete list
 
Featured Photo Gallery
See the complete list
THINGS WE LIKE