E-Trade Financial Corp. reported Wednesday that its July trading activity was 6% higher than in June and 18% above the year earlier.
Its daily revenue trades averaged 125,761, including 93,267 for retail investors. Trades for professional investors totaled 32,494, the New York discount broker said.
The retail trades were up 10.6% from June and 39.4% from a year earlier, the company said.
Retail assets and deposits grew 8.4% from June and 31.2% from the year before. The company also said it opened 89,031 accounts last month but had net account growth of 39,894, bringing its active accounts to 3.7 million at July 31.
"July was a great month," R. Jarrett Lilien, E-Trade's president and chief operating officer, said in a press release. "We saw a nice pickup in new accounts, as well as increased activity across the board and continued growth in our market share."
Last week, its larger competitors, Ameritrade Holding Corp. in Omaha and Charles Schwab Corp. in San Francisco, also reported gains in July trading levels - 7% for Schwab and 0.7% for Ameritrade - from the June volume.
