OMAHA, Neb. (AP) — Online brokerage TD Ameritrade says the number of trades it handled fell 37 percent from last year’s volatile August, but the amount of client assets it held continued to grow.
The Omaha-based brokerage said Tuesday it handled an average of 303,000 trades per day in August. That’s down significantly from 2011 when the U.S. credit rating was downgraded and market values varied wildly.
The number of trades Ameritrade handled was also down 9 percent from this July.
The trading figure offers clues about overall investor sentiment and Ameritrade’s revenue because the company charges fees on the trades.
Ameritrade says the total client assets it held at the end of August grew 15 percent over last year to $461.2 billion. That’s also 3 percent higher than this July.
