E-Trade Reports April Trading Activity

NEW YORK — E*TRADE Financial Corporation has released its Monthly Trading Activity Report for April 2018.

Daily Average Revenue Trades (DARTs) for April were 249,939, a 12 percent decrease from March and a 28 percent increase from the year-ago period. Derivatives represented 35 percent of DARTs during the month. The Company added 188,056 gross new brokerage accounts in April and ended the month with approximately 3.9 million brokerage accounts—an increase of 155,634 from March. The acquisition of Trust Company of America (TCA) added 145,891 to gross, net and end of period brokerage accounts during the month.

Net new brokerage assets were $18.2 billion in the month. During the month, customer security holdings increased by $21.1 billion, while brokerage-related cash remained flat, ending the month at $51.9 billion. The acquisition of TCA added $18.4 billion in net new brokerage assets which includes $17.2 billion of security holdings and $1.2 billion of sweep deposits. Customer margin balances decreased, ending the month at $10.4 billion. Customers were net buyers of approximately $0.9 billion in securities of which TCA accounted for $0.6 billion during the month.

The company reported total accounts in April of 5,694,721, up 7% from a year ago.