PLANTATION, Fla., Sept. 3, 2008 (GLOBE NEWSWIRE) -- TradeStation Group, Inc. (Nasdaq:TRAD) today reported the following business metrics for the month ended August 31, 2008:
* 92,824 Daily Average Revenue Trades (DARTs) * Total client assets of $1.8 billion (as of August 31, 2008) * Average equities client credit balances of $643 million * Average equities client margin balances of $89 million
Year over year, TradeStation's DARTs decreased 8%, total client assets increased 10%, average equities client credit balances increased 15%, and average equities client margin balances increased 9%. Below in tabular format are year-over-year comparisons of those metrics on both a monthly and quarterly basis:
TradeStation Securities
Business Metrics
Q3-08
QTD* vs.
Aug-08 Qtr Qtr
vs. Q3-08 Ended Ended
Aug-08 Aug-07 Aug-07 QTD* 9/30/07 9/30/07
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Trading Days 21.0 23.0 N.M. 42.5 62.5 N.M.
Daily Average
Revenue Trades
(DARTs) 92,824 100,695 -8% 100,670 87,937 14%
Total Client
Assets ($MM),
end of period $1,818 $1,657 10% $1,818 $1,720 6%
Average Equities
Client Credit
Balances ($MM) $643 $558 15% $648 $549 18%
Average Equities
Client Margin
Balances ($MM) $89 $82 9% $91 $85 7%
Additional information regarding the company's business metrics can be found on TradeStation Group's Web site at www.tradestation.com/aboutus/businessmetrics.shtm.
*Q3-08 quarter-to-date (QTD) means results for the two-month period ended August 31, 2008.
About TradeStation Group, Inc. ------------------------------
TradeStation Group, Inc. (Nasdaq:TRAD), through its principal operating subsidiary, TradeStation Securities, Inc., offers the TradeStation platform to the active trader and certain institutional trader markets. TradeStation is an electronic trading platform that offers state-of-the-art electronic order execution and enables clients to design, test, optimize, monitor and automate their own custom Equities, Options, Futures and Forex trading strategies.
TradeStation Securities, Inc. (Member NYSE, FINRA, SIPC, NSCC, DTC, OCC & NFA) is a licensed securities broker-dealer and a registered futures commission merchant, and also a member of the American Stock Exchange, Boston Options Exchange, Chicago Board Options Exchange, Chicago Stock Exchange, International Securities Exchange, NASDAQ OMX, NYSE Euronext and Philadelphia Stock Exchange. The company's technology subsidiary, TradeStation Technologies, Inc., develops and offers strategy trading software tools and subscription services. Its London-based subsidiary, TradeStation Europe Limited, an FSA-authorized brokerage firm, introduces UK and other European accounts to TradeStation Securities.