TradeStation Sees 218.2% Increase in New Accounts for January 2022
TradeStation Group, Inc., the parent company of award-winning self-clearing online brokerages for trading stocks, ETFs, equity and index options, futures, futures options and cryptocurrencies, reported certain monthly business metrics for January 2022:
195,969 Total Customer Accounts, 44.7% higher than prior year
21,052 Gross New Accounts, 218.2% higher than prior year
239,227 Daily Average Revenue Trades (DARTs), 12.4% lower than prior year
$11.5 billion Total Customer Assets, 16.7% higher than prior year
$3.0 billion of Total Customer Cash, 5.9% higher than prior year
Earlier, TradeStation has announced its financials for three months between October and December, its third fiscal quarter. There was significant improvement in some of the key metrics, but the company ended up in losses.
The total net revenue for the quarter came in at $53.9 million, which is 1.8 percent higher than the previous year. But, with a total expense of $69.5 million in the quarter, the platform ended up with a pre-tax loss of $15.7 million and a net loss of $11.3 million.
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