Robinhood Achieves Flat Trading Volumes in October 2022

US-based online broker Robinhood Markets, Inc. has released selected monthly operating data for October 2022, showing that the company's trading volumes were roughly flat in October from September 2022.

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Specifically, the trading volume of Equities was $46.7 billion, up 0.4% compared to the last month. Option contracts were 78.7 million (up 1%) and cryptocurrencies were $3.5 billion (down 2%).

The broker's Net Cumulative Funded Accounts (NCFA) at the end of October were 22.9 Million, up approximately 30 thousand from September 2022. Monthly Active Users (MAU) at the end of October were 12.5 Million, up 0.3 Million from the end of September 2022.

Assets Under Custody (AUC) at the end of October were $70.2 Billion, up 9% from the end of September 2022. Net Deposits were $1.6 Billion in October, translating to a 30% annualized growth rate relative to September 2022 AUC. Over the last twelve months, Net Deposits were $19.1 Billion, translating to an annual growth rate of 17% relative to October 2021 Assets Under Custody.

Margin Balances at the end of October were $3.8 Billion, down $0.3 Billion from the end of September 2022. Cash Sweep Balances at the end of October were $3.8 Billion, up $0.8 Billion from the end of September 2022.