TradeStation Posts 13.2% Jump in Daily Average Revenue Trades for May 2022

An American online broker, TradeStation, which is a fully-owned subsidiary of Monex Group, released its certain monthly business metrics for May 2022.

TradeStation ended the month with 186,149 total customer accounts, 21 percent higher when compared with the same month of the previous year. Moreover, the trading platform added 6,590 gross new accounts last month, which is a decline of 10.7 percent compared to the prior year.

TradeStation ended May holding $10.8 billion in total customer assets, which is slightly up from the previous year. Additionally, the customer cash on the platform increased to $2.9 billion.

In May, TradeStation's daily average revenue trades (DARTs) reached 241,336. This figure was 13.2 percent higher than the prior year.

In April, the brokerage platform reported an almost 6.1 percent monthly rise in the total number of customers. It ended April with 240,417 customer accounts and 19,805 gross new accounts.