Investor engagement continues at TD Ameritrade Holding Corporation (NYSE: AMTD), as the company today announced it has reached a new milestone: monthly average client trades per day eclipsing 500,000 for the first time in its history. Average client trades per day for the month of February 2014 were a record 501,000, up 1 percent from the record 496,000 average trades per day it reported for January 2014. “We have reached an important milestone at TD Ameritrade: half-a-million average trades per day for the month of February. Investors remain engaged, and their behavior continues to suggest a bullish outlook moving forward,” said Fred Tomczyk, president and chief executive officer. “Investments in our systems, trading tools and education, have helped us respond to our clients’ needs in this market and will remain a focus for us as we seek to sustain engagement and continue growing our market share.” Monthly activities for February 2014 included:
- An average of 501,000 client trades per day in February 2014, up 30 percent from February 2013 and up 1 percent from January 2014.
- $611.6 billion in total client assets as of Feb. 28, 2014, up 22 percent from February 2013 and up 4 percent from January 2014.
- Average spread-based balances of $91.7 billion, up 12 percent from February 2013 and flat from January 2014.(1)
- Average fee-based balances of $132.4 billion, up 19 percent from February 2013 and essentially flat from January 2014.(1)