E*Trade Reports April Activity

NEW YORK — Discount brokerage E*TRADE Financial Corporation released its Monthly Activity Report for April 2017.

Daily Average Revenue Trades (DARTs) for April were 196,022, a three percent decrease from March and a 23 percent increase from the year-ago period. Derivatives represented 31 percent of DARTs during the month. The Company added 38,904 gross new brokerage accounts in April and ended the month with approximately 3.5 million brokerage accounts—an increase of 10,695 from March.

Net new brokerage assets were negative $0.2 billion in the month. During the month, customer security holdings increased by $4.5 billion, and brokerage-related cash decreased by $0.8 billion to $52.7 billion. Customer margin balances increased $0.2 billion, ending the month at $7.5 billion. Customers were net buyers of approximately $0.5 billion in securities during the month.

Monthly Activity Data

Apr-17 Mar-17 Apr-16 % Chg. M/M % Chg. Y/Y
Trading days 19.0 23.0 21.0 N.M. N.M.
Daily Average Revenue Trades 196,022 202,526 159,215 (3 )% 23 %
Derivatives DARTs % 31 % 28 % 24 % 3 % 7 %
Gross new brokerage accounts 38,904 50,037 34,724 (22 )% 12 %
Gross new stock plan accounts 23,276 21,276 25,202 9 % (8 )%
Gross new banking accounts 252 318 337 (21 )% (25 )%
Total gross new accounts 62,432 71,631 60,263 (13 )% 4 %
Net new brokerage accounts 10,695 21,999 10,866 N.M. N.M.
Net new stock plan accounts 9,850 2,805 11,822 N.M. N.M.
Net new banking accounts (2,012 ) (1,212 ) (1,727 ) N.M. N.M.
Net new accounts 18,533 23,592 20,961 N.M. N.M.
End of period brokerage accounts 3,531,913 3,521,218 3,264,866 % 8 %
End of period stock plan accounts 1,471,388 1,461,538 1,436,387 1 % 2 %
End of period banking accounts 311,296 312,967 333,824 (1 )% (7 )%
End of period total accounts 5,314,597 5,295,723 5,035,077 % 6 %
Customer margin balances ($B)(1) 7.5 7.3 6.5 3 % 15 %
Customer Assets ($B)
Security holdings $ 248.3 $ 243.8 $ 205.6 2 % 21 %
Sweep deposits 31.6 32.0 26.4 (1 )% 20 %
Customer cash held by third parties(2) 12.1 12.6 9.3 (4 )% 30 %
Customer payables (cash) 9.0 8.9 6.9 1 % 30 %
Brokerage customer assets 301.0 297.3 248.2 1 % 21 %
Unexercised stock plan holdings (vested) 34.4 33.0 31.4 4 % 10 %
Savings, checking and other banking assets 5.3 5.4 5.3 (2 )% %
Total customer assets $ 340.7 $ 335.7 $ 284.9 1 % 20 %
Net new brokerage assets(3) $ (0.2 ) $ 1.6 $ (0.4 ) N.M. N.M.
Net new banking assets(3) (0.2 ) 0.1 (0.1 ) N.M. N.M.
Net new customer assets(3) $ (0.4 ) $ 1.7 $ (0.5 ) N.M. N.M.
Brokerage related cash $ 52.7 $ 53.5 $ 42.6 (1 )% 24 %
Other cash and deposits 5.3 5.4 5.3 (2 )% %
Total customer cash and deposits $ 58.0 $ 58.9 $ 47.9 (2 )% 21 %
Managed products $ 4.4 $ 4.3 $ 3.3 2 % 33 %
Customer net (buy) / sell activity $ (0.5 ) $ (1.0 ) $ 0.2 N.M. N.M.

(1) Customer margin balances include margin receivables held on the balance sheet and customer margin balances held by a third party.
(2) Customer cash held by third parties are held outside E*TRADE Financial and include money market funds and sweep deposit accounts at unaffiliated financial institutions and customer cash held at a third party clearing firm. Customer cash held by third parties are not reflected in the Company’s consolidated balance sheet and are not immediately available for liquidity purposes.
(3) Net new customer assets are total inflows to all new and existing customer accounts less total outflows from all closed and existing customer accounts. The net new banking assets and net new brokerage assets metrics treat asset flows between E*TRADE entities in the same manner as unrelated third party accounts.