Scottrade Inc., a St. Louis online brokerage firm, reported increases Tuesday in accounts, customer assets, and trading volumes during the first quarter.
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Customer assets rose 45%, to $51 billion, from the year earlier, and trading volumes were up 49%, to an average of 144,000 trades per day. The company's active accounts increased by 28%, to 1.48 million in the quarter.
Scottrade said it opened 12 branch offices in the quarter, a rate of nearly one per week, and had 262 U.S. offices at March 31. It has the second-largest branch network in the online brokerage industry, the company said.
