finance
monthly
Personal Finance. Money. Investing.
Contribute
Newsletter
Corporate

TradeStation Reports Brokerage Metrics for January 2022

Posted: 8th February 2022 by 166293
Share this article

PLANTATION, Fla.--(BUSINESS WIRE)--TradeStation Group, Inc. (“TradeStation”), the parent company of award-winning self-clearing online brokerages for trading stocks, ETFs, equity and index options, futures, futures options and cryptocurrencies, today 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

Comparisons to the prior year mean a comparison of the month (or month-end, as applicable) of January 2022 to the month (or month-end, as applicable) of January 2021.

Total Customer Accounts is the number of customer brokerage accounts with a positive account balance at the end of the period presented.

Gross New Accounts is the total number of approved customer brokerage accounts funded during the period presented, and includes accounts funded during the period presented that were opened and approved (but not funded) in a prior period, as well as accounts that were opened and funded in a prior period, but then went to a zero balance and were subtracted from Total Customer Accounts, but then were again funded during the period presented.

Daily Average Revenue Trades (DARTs) means daily average revenue trades made by customers. A revenue trade means one completed customer equities, options, futures, or crypto trade, regardless of the number of shares, contracts, or units included in such trade, and includes trades completed under TradeStation’s “zero commission” plans (which are supported by payment-for-order-flow, or “PFOF,” revenue). Each “side” of a futures trade is counted as one revenue trade. Partial fills of an equities order on the same day are aggregated and counted as one revenue trade. DARTs are calculated by dividing the total number of revenue trades in the period presented by the total number of “Trading Days” in the period presented. A “Trading Day” means each day during the period presented that trading is open on NYSE and NASDAQ markets. A day on which such markets close early, such as the Friday after Thanksgiving, is counted as half a day. DARTs is a general indicator, as each of the asset classes TradeStation offers has a different fee structure and level of profitability.

Total Customer Assets is total cash and assets held in customer brokerage accounts at the end of the period presented.

Total Customer Cash is the aggregate cash held in customer brokerage accounts (equities and futures accounts – no cash is held in customer cryptocurrency accounts) at the end of the period presented.

Included in both Total Customer Accounts and Gross New Accounts are customer cryptocurrency accounts opened and funded through a marketing promotion that began December 20, 2021 in which TradeStation makes the initial account funding for the customer (BTC equal to $10.00). Cryptocurrency accounts opened under this promotion represented 13,450 of the 14,147 total gross new cryptocurrency accounts added in the month of January 2022. TradeStation intends to monitor and evaluate the success of this crypto account-opening promotion to decide if and how long it should be continued, or be continued on a modified or different basis, including by evaluating the extent to which these TradeStation-initially-funded cryptocurrency accounts receive additional deposits from, and account revenues generated by, these customers.

More information, including historical results for each of the above metrics, are attached.

About TradeStation Group, Inc.

TradeStation has, for decades, provided innovative fintech decision-support analysis and order-placement tools that support self-directed traders and investors in their journeys to claim their financial edge. TradeStation provides award-winning trading and analysis platforms and self-clearing online brokerage services for stocks, ETFs, equity and index options, commodity and financial futures, futures options, and cryptocurrencies. These trading platforms are accessible on desktop, Web and mobile, as well as via API technologies which seamlessly provide access to TradeStation’s brokerage environment through third-party platforms. TradeStation’s offerings also include deep and growing learning content designed to build confidence among those new to investing and hone the skills of seasoned traders.

TradeStation Securities, Inc. (Member NYSE, FINRA, SIPC, NSCC, DTC, OCC, NFA & CME) offers self-clearing equities, options, futures and futures options brokerage services as a licensed securities broker-dealer and futures commission merchant (FCM) and is a member of major equities and futures exchanges in the United States. TradeStation Crypto, Inc. offers self-clearing cryptocurrency brokerage services under federal and state money services business, money-transmitter and similar registrations and licenses. TradeStation Crypto, Inc. is not subject to NFA’s regulatory oversight and examinations.

Cautionary Statement Regarding Forward-Looking Statements

This communication contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, that reflect TradeStation’s current views with respect to, among other things, the future operations and financial performance of TradeStation. Forward-looking statements in this communication may be identified by the use of words such as “continue,” “intends,” and “should,” and similar terms and phrases. Forward-looking statements contained in this communication include TradeStation’s potential decisions regarding the success of marketing campaigns and approaches, including the success of its crypto account-opening/marketing promotion, and whether crypto customer accounts added through such promotion will provide further funding or deposits to, or trade in, such accounts. The forward-looking statements contained in this communication are based on the current expectations of TradeStation and its management and are subject to risks and uncertainties. No assurance can be given that future developments affecting TradeStation will be those that are anticipated. Actual results may differ materially from current expectations due to changes in global, regional or local economic, business, competitive, market, regulatory and other factors, risks and uncertainties, including those under the heading “Risk Factors” in publicly-available SEC filings made by TradeStation. Should one or more of these risks or uncertainties materialize, or should any of the assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. Factors that could cause actual results to differ may emerge from time to time, and it is not possible to predict all of them.

Proposed Business Combination

As previously announced, TradeStation Group, Inc. (the “Company”) and Quantum FinTech Acquisition Corporation (“Quantum”) have entered into agreements to effect a business combination (the “Business Combination”). This presentation does not constitute (i) a solicitation of a proxy, consent or authorization with respect to any securities or in respect of the Business Combination or (ii) an offer to sell, a solicitation of an offer to buy, or a recommendation to purchase, any securities of the Company, Quantum, the combined company or any of their respective affiliates. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended (the “Securities Act”), or an exemption therefrom, nor shall any sale of securities in any states or jurisdictions in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction be effected. No securities commission or securities regulatory authority in the United States or any other jurisdiction has in any way passed upon the merits of the Business Combination or the accuracy or adequacy of this presentation.

In connection with the proposed Business Combination between the Company and Quantum, the Company has filed a registration statement on Form S-4 (the “Registration Statement”) with the U.S. Securities and Exchange Commission (the “SEC”) that includes a proxy statement / prospectus relating to the offer of the securities to be issued to Quantum. Investors, security holders and other interested persons are advised to read the Registration Statement and proxy statement / prospectus and any amendments thereto, and other relevant documents that are filed with the SEC carefully and in their entirety because they will contain important information about the Company, Quantum and the proposed Business Combination. The definitive proxy statement / prospectus will be mailed to stockholders of Quantum as of a record date to be established for voting on the proposed Business Combination. Investors, security holders and other interested persons will also be able to obtain copies of the Registration Statement and other documents containing important information about the Business Combination and the parties to the Business Combination once such documents are filed with the SEC, without charge, at the SEC’s website at www.sec.gov, or by directing a request to: Quantum FinTech Acquisition Corp., 4221 W. Boy Scout Blvd., Suite 300, Tampa, FL 33607, Attention: Investor Relations or by email at IR@qftacorp.com.

Quantum and the Company, their respective directors and executive officers and certain investors may be considered participants in the solicitation of proxies with respect to the proposed Business Combination under the rules of the SEC. Information about the directors and executive officers of Quantum and their ownership is set forth in Quantum’s filings with the SEC, including its final prospectus relating to its initial public offering in February 2021, which is available free of charge at the SEC’s website at www.sec.gov. Additional information regarding the persons who may, under the rules of the SEC, be deemed participants in the solicitation of the Quantum shareholders in connection with the proposed Business Combination, including the Company’s directors and executive officers and certain investors, will be contained in the Registration Statement for the Business Combination when available.

Certain Business Metrics

Fiscal Year-Ended March 31, 2022 Business Metrics[1]

(Total Customer Assets and Total Customer Cash, in Millions) Apr   May   Jun   Jul   Aug   Sep   Oct   Nov   Dec   Jan   Feb   Mar
                       
Trading Days2

21.0

 

20.0

 

22.0

 

21.0

 

22.0

 

21.0

 

21.0

 

20.5

 

22.0

 

20.0

 

19.0

 

23.0

                       
Total Customer Accounts3

150,319

 

153,885

 

156,961

 

158,612

 

160,532

 

162,751

 

165,811

 

170,597

 

178,863

 

195,969

   
                       
Gross New Accounts4

8,176

 

7,380

 

6,737

 

5,596

 

5,564

 

5,663

 

6,528

 

8,701

 

12,183

 

21,052

   
                       
Total Customer Assets5

10,842

 

10,746

 

11,359

 

11,179

 

11,780

 

11,269

 

12,393

 

12,344

 

12,286

 

11,505

   
                       
Total Customer Cash6

2,924

 

2,889

 

2,886

 

2,892

 

2,915

 

2,883

 

2,937

 

2,915

 

2,984

 

2,962

   
                       
DARTs7

217,317

 

213,286

 

213,008

 

202,925

 

197,460

 

209,704

 

210,529

 

231,653

 

202,857

 

239,227

   
                       

1TradeStation’s fiscal year is from April 1 through March 31.

2 A “Trading Day” means each day during the period presented that trading is open on NYSE and NASDAQ markets. A day on which such markets close early, such as the Friday after Thanksgiving, is counted as half a day.

3 “Total Customer Accounts” is the number of customer brokerage accounts with a positive account balance at the end of the period presented.

4 “Gross New Accounts” is the total number of approved customer brokerage accounts funded during the period presented, and includes accounts funded during the period presented that were opened and approved (but not funded) in a prior period, as well as accounts that were opened and funded in a prior period, but then went to a zero balance and were subtracted from Total Customer Accounts, but then were again funded during the period presented. Included in Gross New Accounts are customer cryptocurrency accounts opened and funded through a marketing promotion that began December 20, 2021 in which TradeStation makes the initial account funding for the customer (BTC equal to $10.00). Cryptocurrency accounts opened under this promotion represented 4,950, of the 5,725 total gross new cryptocurrency accounts added in the month of December 2021 and 13,450 of the 14,147 total gross new cryptocurrency accounts added in the month of January 2022. TradeStation intends to monitor and evaluate the success of this cryptocurrency account-opening promotion to decide if and how long it should be continued, or be continued on a modified or different basis, including by evaluating the extent to which these TradeStation-initially-funded crypto accounts receive additional deposits from, and account revenues generated by, these customers.

5 “Total Customer Assets” is total cash and assets held in customer brokerage accounts at the end of the period presented.

6 “Total Customer Cash” is the aggregate cash held in customer brokerage accounts (equities and futures accounts – no cash is held in customer cryptocurrency accounts) at the end of the period presented.

7 “DARTs” means daily average revenue trades made by our customers. A revenue trade means one completed customer equities, options, futures, or crypto trade, regardless of the number of shares, contracts, or units included in such trade, and includes trades completed under TradeStation’s “zero commission” plans (which are supported by payment-for-order-flow, or “PFOF,” revenue). Each “side” of a futures trade is counted as one revenue trade. Partial fills of an equities order on the same day are aggregated and counted as one revenue trade. DARTs are calculated by dividing the total number of revenue trades in the period presented by the total number of Trading Days in the period presented. DARTs is a general indicator, as each of the asset classes TradeStation offers has a different fee structure and level of profitability.

Certain Business Metrics

Fiscal Year-Ended March 31, 2021 Business Metrics[2]

(Total Customer Assets and Total Customer Cash, in Millions)   Apr   May   Jun   Jul   Aug   Sep   Oct   Nov   Dec   Jan   Feb   Mar
                         
Trading Days2  

21.0

 

20.0

 

22.0

 

22.0

 

21.0

 

21.0

 

22.0

 

19.5

 

21.5

 

19.0

 

19.0

 

23.0

                         
Total Customer Accounts3  

111,317

 

114,289

 

118,219

 

119,222

 

122,843

 

126,078

 

128,428

 

128,641

 

131,431

 

135,402

 

139,354

 

145,887

                         
Gross New Accounts4  

6,435

 

5,933

 

6,446

 

5,544

 

6,371

 

5,952

 

5,198

 

4,589

 

5,360

 

6,615

 

10,658

 

9,988

                         
Total Customer Assets5  

6,028

 

6,303

 

6,702

 

7,264

 

7,895

 

7,826

 

7,738

 

8,722

 

9,259

 

9,856

 

10,106

 

10,336

                         
Total Customer Cash6  

2,157

 

2,169

 

2,235

 

2,365

 

2,457

 

2,405

 

2,437

 

2,552

 

2,641

 

2,796

 

2,820

 

2,795

                         
DARTs7  

176,967

 

178,577

 

201,831

 

199,988

 

202,220

 

255,006

 

231,096

 

249,533

 

237,796

 

273,166

 

287,875

 

271,075

                         

1TradeStation’s fiscal year is from April 1 through March 31.

2 A “Trading Day” means each day during the period presented that trading is open on NYSE and NASDAQ markets. A day on which such markets close early, such as the Friday after Thanksgiving, is counted as half a day.

3 “Total Customer Accounts” is the number of customer brokerage accounts with a positive account balance at the end of the period presented.

4 “Gross New Accounts” is the total number of approved customer brokerage accounts funded during the period presented, and includes accounts funded during the period presented that were opened and approved (but not funded) in a prior period, as well as accounts that were opened and funded in a prior period, but then went to a zero balance and were subtracted from Total Customer Accounts, but then were again funded during the period presented.

5 “Total Customer Assets” is total cash and assets held in customer brokerage accounts at the end of the period presented.

6 “Total Customer Cash” is the aggregate cash held in customer brokerage accounts (equities and futures accounts – no cash is held in customer cryptocurrency accounts) at the end of the period presented.

7 “DARTs” means daily average revenue trades made by our customers. A revenue trade means one completed customer equities, options, futures, or crypto trade, regardless of the number of shares, contracts, or units included in such trade, and includes trades completed under TradeStation’s “zero commission” plans (which are supported by payment-for-order-flow, or “PFOF,” revenue). Each “side” of a futures trade is counted as one revenue trade. Partial fills of an equities order on the same day are aggregated and counted as one revenue trade. DARTs are calculated by dividing the total number of revenue trades in the period presented by the total number of Trading Days in the period presented. DARTs is a general indicator, as each of the asset classes TradeStation offers has a different fee structure and level of profitability.

Certain Business Metrics

Fiscal Year-Ended March 31, 2020 Business Metrics[3]

(Total Customer Assets and Total Customer Cash, in Millions)   Apr   May   Jun   Jul   Aug   Sep   Oct   Nov   Dec   Jan   Feb   Mar
                         
Trading Days2  

21.0

 

22.0

 

20.0

 

21.5

 

22.0

 

20.0

 

23.0

 

19.5

 

20.5

 

21.0

 

19.0

 

22.0

                         
Total Customer Accounts3  

98,054

 

98,706

 

99,826

 

101,362

 

102,932

 

103,792

 

104,138

 

102,654

 

102,601

 

103,425

 

104,128

 

107,692

                         
Gross New Accounts4  

2,880

 

2,751

 

2,643

 

3,096

 

3,137

 

2,401

 

2,460

 

2,129

 

2,250

 

3,080

 

3,094

 

5,622

                         
Total Customer Assets5  

5,627

 

5,355

 

5,556

 

5,622

 

5,647

 

5,627

 

5,693

 

5,843

 

5,969

 

6,005

 

5,735

 

5,420

                         
Total Customer Cash6  

2,093

 

2,034

 

2,084

 

2,079

 

2,090

 

2,122

 

2,075

 

2,049

 

2,090

 

2,107

 

2,077

 

2,089

                         
DARTs7  

69,696

 

88,938

 

80,292

 

79,185

 

96,844

 

84,991

 

82,924

 

80,059

 

76,830

 

105,140

 

131,609

 

182,978

                         

1 TradeStation’s fiscal year is from April 1 through March 31.

2 A “Trading Day” means each day during the period presented that trading is open on NYSE and NASDAQ markets. A day on which such markets close early, such as the Friday after Thanksgiving, is counted as half a day.

3 “Total Customer Accounts” is the number of customer brokerage accounts with a positive account balance at the end of the period presented.

4 “Gross New Accounts” is the total number of approved customer brokerage accounts funded during the period presented, and includes accounts funded during the period presented that were opened and approved (but not funded) in a prior period, as well as accounts that were opened and funded in a prior period, but then went to a zero balance and were subtracted from Total Customer Accounts, but then were again funded during the period presented.5 “Total Customer Assets” is total cash and assets held in customer brokerage accounts at the end of the period presented.

6 “Total Customer Cash” is the aggregate cash held in customer brokerage accounts (equities and futures accounts – no cash is held in customer cryptocurrency accounts) at the end of the period presented.

7 “DARTs” means daily average revenue trades made by our customers. A revenue trade means one completed customer equities, options, futures, or crypto trade, regardless of the number of shares, contracts, or units included in such trade, and includes trades completed under TradeStation’s “zero commission” plans (which are supported by payment-for-order-flow, or “PFOF,” revenue). Each “side” of a futures trade is counted as one revenue trade. Partial fills of an equities order on the same day are aggregated and counted as one revenue trade. DARTs are calculated by dividing the total number of revenue trades in the period presented by the total number of Trading Days in the period presented. DARTs is a general indicator, as each of the asset classes TradeStation offers has a different fee structure and level of profitability.

Certain Business Metrics

Fiscal Year-Ended March 31, 2019 Business Metrics[4]

(Total Customer Assets and Total Customer Cash, in Millions)   Apr   May   Jun   Jul   Aug   Sep   Oct   Nov   Dec   Jan   Feb   Mar
                         
Trading Days2  

21.0

 

22.0

 

21.0

 

20.5

 

23.0

 

19.0

 

23.0

 

20.5

 

18.5

 

21.0

 

19.0

 

21.0

                         
Total Customer Accounts3  

82,589

 

84,191

 

85,396

 

86,879

 

88,494

 

89,850

 

91,597

 

91,959

 

92,878

 

94,449

 

95,559

 

96,972

                         
Gross New Accounts4  

2,756

 

3,051

 

2,531

 

2,770

 

2,955

 

2,642

 

3,110

 

2,529

 

2,415

 

2,987

 

2,657

 

2,930

                         
Total Customer Assets5  

5,220

 

5,417

 

5,470

 

5,557

 

5,786

 

5,759

 

5,457

 

5,476

 

5,101

 

5,422

 

5,486

 

5,534

                         
Total Customer Cash6  

2,033

 

2,022

 

2,051

 

2,050

 

2,071

 

2,048

 

2,089

 

2,072

 

2,054

 

2,096

 

2,095

 

2,067

                         
DARTs7  

83,823

 

75,877

 

74,042

 

69,362

 

66,006

 

73,356

 

92,082

 

85,860

 

92,583

 

81,248

 

74,217

 

80,129

                         

1TradeStation’s fiscal year is from April 1 through March 31.

2 A “Trading Day” means each day during the period presented that trading is open on NYSE and NASDAQ markets. A day on which such markets close early, such as the Friday after Thanksgiving, is counted as half a day.

3 “Total Customer Accounts” is the number of customer brokerage accounts with a positive account balance at the end of the period presented.

4 “Gross New Accounts” is the total number of approved customer brokerage accounts funded during the period presented, and includes accounts funded during the period presented that were opened and approved (but not funded) in a prior period, as well as accounts that were opened and funded in a prior period, but then went to a zero balance and were subtracted from Total Customer Accounts, but then were again funded during the period presented.

5 “Total Customer Assets” is total cash and assets held in customer brokerage accounts at the end of the period presented.

6 “Total Customer Cash” is the aggregate cash held in customer brokerage accounts (equities and futures accounts – no cash is held in customer cryptocurrency accounts) at the end of the period presented.

7 “DARTs” means daily average revenue trades made by our customers. A revenue trade means one completed customer equities, options, futures, or crypto trade, regardless of the number of shares, contracts, or units included in such trade, and includes trades completed under TradeStation’s “zero commission” plans (which are supported by payment-for-order-flow, or “PFOF,” revenue). Each “side” of a futures trade is counted as one revenue trade. Partial fills of an equities order on the same day are aggregated and counted as one revenue trade. DARTs are calculated by dividing the total number of revenue trades in the period presented by the total number of Trading Days in the period presented. DARTs is a general indicator, as each of the asset classes TradeStation offers has a different fee structure and level of profitability.

Contacts

Investors:
ir@tradestation.com

Media:
Madison Roberts
281-684-9857
madison.roberts@fleishman.com

About Finance Monthly

Universal Media logo
Finance Monthly is a comprehensive website tailored for individuals seeking insights into the world of consumer finance and money management. It offers news, commentary, and in-depth analysis on topics crucial to personal financial management and decision-making. Whether you're interested in budgeting, investing, or understanding market trends, Finance Monthly provides valuable information to help you navigate the financial aspects of everyday life.
© 2024 Finance Monthly - All Rights Reserved.
News Illustration

Get our free monthly FM email

Subscribe to Finance Monthly and Get the Latest Finance News, Opinion and Insight Direct to you every month.
chevron-right-circle linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram