PLANTATION, Fla., Dec. 2, 2008 (GLOBE NEWSWIRE) -- TradeStation Group, Inc. (Nasdaq:TRAD) today reported the following business metrics for the month ended November 30, 2008:
* 122,675 Daily Average Revenue Trades (DARTs) * Total client assets of $1.6 billion (as of November 30, 2008) * Average equities client credit balances of $663 million * Average equities client margin balances of $36 million
Year over year, TradeStation's DARTs increased 19%, total client assets decreased 13%, average equities client credit balances increased 13%, and average equities client margin balances decreased 64%. Below in tabular format are year-over-year comparisons of those metrics on both a monthly and quarterly basis:
TradeStation Securities
Business Metrics
Q4-08
QTD*
Nov-08 vs. Qtr
vs. Q4-08 Qtr Ended Ended
Nov-08 Nov-07 Nov-07 QTD* 12/31/07 12/31/07
-----------------------------------------------------
Trading Days 18.5 20.5 N.M. 41.25 63.0 N.M.
Daily Average
Revenue Trades
(DARTs) 122,675 103,055 19% 135,268 90,224 50%
Total Client
Assets ($MM),
end of period $1,553 $1,783 -13% $1,553 $1,789 -13%
Average Equities
Client Credit
Balances ($MM) $663 $586 13% $660 $582 13%
Average Equities
Client Margin
Balances ($MM) $36 $99 -64% $43 $97 -56%
*Q4-08 quarter-to-date (QTD) means results for the two-month period
ended November 30, 2008.
Additional information regarding the company's business metrics can be found on TradeStation Group's Web site at www.tradestation.com/aboutus/businessmetrics.shtm.
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 Euronext, FINRA, SIPC, NSCC, DTC, OCC & NFA) is a licensed securities broker-dealer and a registered futures commission merchant, and also a member of the Boston Options Exchange, Chicago Board Options Exchange, Chicago Stock Exchange, International Securities Exchange and NASDAQ OMX. 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.