Datek Online Brokerage Services
said the number of average daily trades in January increased when compared with both December and the same month last year.
The privately held online brokerage said its average daily trades increased 8% to 117,695 trades, up from 108,555 average daily trades in the year-ago period. The total rose 6% from December, when the firm reported an average of 111,112 daily trades.
Datek Online Brokerage Services, a unit of
Datek Online Holdings
, reported 718,019 funded customer accounts at the end of January, a 94% increase over the 370,463 accounts in the year-ago period, and 4% above the 692,065 accounts at the end of December.
Last month the company said its average trades and customer accounts both
rose substantially in the fourth quarter when compared with last year's totals.