OMAHA, NEB. (
's retail trading volume jumped in the month of October, but still declined from a year earlier.
The online broker's daily average revenue trades, or DARTs, last month rose 14% on a sequential basis to 362,000. While trading improved from the month of September, TD Ameritrade's DARTs declined 14% in the year over year comparison, the firm said.
TD Ameritrade's improvement mimics that of rival
. The San Francisco brokerage firm said Friday that DARTs improved 7% on a sequential basis, but fell 12% year over year to 371,700.
Daily average revenue trades from rival
will be released on Wednesday.
TD Ameritrade's client assets rose 23% year over year, and 3% from September to $367 billion
Average spread-based balances also rose 23% to $57.1 billion, while average fee-based balances rose 22% to $71.7 billion, TD Ameritrade said.
TD Ameritrade shares rose 0.5% to $17.29 on Monday. Schwab shares ended the day flat at $15.15, while E*Trade's stock rose 0.4% to $15.04.
--Written by Laurie Kulikowski in New York.
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