Tom Arran Tom Arran, Monday 16th March 2020, 12:13 PM CET
ETrade Monthly Report, average revenue trades

The February monthly activity report for the ETRADE Financial Corporation was published on Friday and it shows, based on month-on-month comparison an uptick of 587,122 in Daily Average Revenue Trades. As a company, it offers to its subsidiaries financial services that include services and products to retail customers

In comparing it to January, the Daily Average Revenue Trades came in at 463,739, which means February saw an increase of 27%. If based on a yearly comparison, is it far more significant coming in at 105%.

February saw total daily average revenue trades hit 188,901. That is a 22% increase from January’s 89,432 and a 111% increase from the same time period in 2019. Derivatives represented 32% of those trades which is less than January, which was 32% but this was a minimal change.

E*TRADE acquisition

The information released by ETRADE comes on the heels of Morgan Stanley revealing its intent to acquire the company in a deal that is anticipated to close at during the last quarter of 2020 and reportedly worth close to $13 million. The all stock deal is the largest of its kind from a bank on Wall Street since the big financial crisis and comes on the heels on its $26 billion all-stock acquisition of TD Ameritrade by Charles Schwab.

It is reported that a share price of $58.74 will be paid by Morgan Stanley, which is a 30.7% premium of its last closing price. The deals agreement stipulates that shareholder will receive 1.0432 Morgan Stanley shares for each ETRADE share.

Tom Arran

Author: Tom Arran

Tom has over 10 years experience on crypto currencies, first mining bitcoin on an old university computer for 20 cents a coin to now day trading bitcoin in between helping to start whichbroker.com. Tom has previously held roles at a leading EU brokerage and provided insight and consultancy work for number of UK banks in Crypto. Tom Arran can be contacted at [email protected], View all posts by Tom Arran

Featured Brokers

  • City Index

    Open City Index Account

    Read City Index Review

    CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

  • libertex review

    Open Libertex Account

    Read Libertex Review

    CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

  • Forex.com Review

    Open Forex.com Account

    Read Forex.com Review

    CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

More From Author