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AMTD Says Trades Per Day Rise Month-Over-Month

By Market News Video Staff, Tuesday, November 16, 12:03 PM ET
Now Playing: The Importance of ETFs


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Online brokerage TD Ameritrade (NYSE:AMTD) said today that the average trades per day in October rose 14% from September, to 362,000. Average fee-based balances rose 5% from September. Furthermore, client assets totaled $367 billion by the end of the month, up 3% from September, and up 23% from last October.

TD Ameritrade shares are trading 0.2% Tuesday.

The stock is 4.32% of the iShares Down Jones U.S. Broker-Dealer Index Fund (AMEX:IAI), trading lower by 1.3% today with the general markets. Top holdings in the fund include Goldman Sachs (NYSE:GS), at 9.26%, Morgan Stanley (NYSE:MS), at 6.74%.


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AMTD Says Trades Per Day Rise Month-Over-Month | Market News Video | Copyright © 2008 - 2013, All Rights Reserved

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