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    Monday, November 16, 2009

    TD Ameritrade Client Trades Rise 2%

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      TD Ameritrade Holding (AMTD) announced that daily trade clients rose 2% in October from the year prior. However, from September, they have fallen 3%.

      The brokerage said that client assets are up 23% from the year prior, and that 420,000 trades were logged per day for the month.

      Ameritrade’s recent acquisition of brokerage thinkorswim aided the company in a boost in volume. Meanwhile, on Friday, competitor Charles Schwab (SCHW) reported a slide of one-third since last year.

      Also, Moody's Investors Service upgraded Ameritrade on Monday by one notch to Baa1, on belief that the company’s results "would remain resilient under a variety of macroeconomic and financial market conditions.”

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