TD Ameritrade Sees Stagnating Volumes in May

TD Ameritrade (Nasdaq:AMTD), one of the largest brokers for retail clients in the United States, has reported its monthly metrics and turnover, which underwent a slight decline across a few different measures MoM.

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For the month ending May 2016, TD Ameritrade underwent an average of 445,000 client trades per day, which constitutes a decline MoM of -5.3% MoM from 470,000 trades per day in April 2016. The latest volumes are the lowest in 2016 to date, retreating to levels not seen since December 2015.

By extension, over a yearly timetable, May 2016’s average daily volumes are higher by a factor of 4.2% YoY from 427,000 trades per day in May 2015. Moreover, TD Ameritrade disclosed its total client assets as of May 31, 2016 at $727.8 billion, having notched a tepid growth of 1.2% MoM from $719.0 billion in April 31, 2016. This figure was slightly larger when measured against its 2015 counterpart, albeit by 2.4% YoY from $710.8 billion in May 31, 2015.

Looking further, TD Ameritrade’s average was virtually unchanged MoM from $106.2 billion in April 2016. YoY the latest figures jumped 11.0% higher from $95.1 billion in May 2015. Finally, the group’s average fee-based balances stood at $161.5 billion in May 2016, unchanged MoM from $161.6 billion in April 2016 as well as $161.8 billion in May 2015.