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 canít 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
Revisiting the Golden Era of Train Travel Aboard Rovos Rail
Pismo Beach's Idyllic Romantic Getaway or Family Vacation; Dolphin Bay Resort & Spa
JW Marriott Marco Island Beach Resort Welcomes you to Paradise
Food and Wine Weekends with the CIA at Copia in Napa
Millionaires Concierge Gives Access to Most Inaccessible VIP Events & Experiences Worldwide
Martin Chitwood: Home Renovation At Its Finest
Paris' Finest Seafood Arrives In Hong Kong
Drive Like an A-Lister in the New Mercedes-Benz S-Class
Sustainable Hawaii Regional Cuisine at Merriman's Restaurant on Maui
Vermont History Lives at the Wilburton Inn
See the complete list
 
Featured Photo Gallery
See the complete list
THINGS WE LIKE