TD Ameritrade’s DARTs Rebound in February, Client Assets Continue Ascension

TD Ameritrade (Nasdaq:AMTD), one of the largest brokers for retail clients in the United States, has reported its monthly metrics and turnover for February 2017, which saw a slight rebound across key segments, per the latest TD Ameritrade report.

After a largely downtrodden performance in January 2017, volumes rebounded in February despite a lack of major market drivers. For the month ending February 2017, TD Ameritrade underwent an average of 534,000 client trades per day, which reflected a growth of 2.5 percent month-over-month from 521,000 trades per day in January 2017.

The latest volumes reading were also on par with other institutional venues in the US, which cited a generally mixed performance on a month-over-month basis. Outside of speculative positions ahead of the Federal Reserve meeting in March, and with it a likely rate hike, February was devoid of any major Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad Read this Term.

Over a yearly timetable, February 2017’s average daily volumes are higher by a factor of 5.0 percent year-over-year from February 2016. Moreover, TD Ameritrade disclosed its total client assets as of February 28, 2017 at $837.8 billion, which edged higher by 2.6 percent month-over-month from $815.0 billion since January 31, 2017. This figure was much larger when measured against its 2016 counterpart, justifying a gain of 24.0 percent year-over-year from the same period ending February 28, 2016.

Looking at its other figures, TD Ameritrade’s average spread-based balance managed to maintain a tight consolidation with $119.3 billion in February 2017, virtually unchanged from $120.1 billion in January 2017. Year-over-year the latest figures also grew by 14.0 percent from February 2016.

Finally, the group’s average fee-based balances stood at $181.2 billion in February 2017, climbing by a factor of 2.7 percent month-over-month from $176.4 billion in January 2017.