TradeStation, a subsidiary of Monex Group, released information about its trading statistics for February 2022. The company reported that revenue trades per day (DARTs) had decreased by 15.6% from the previous year to 242,846.
However, DARTs remained nearly flat from month to month with only a 1.5% increase. February’s absolute DARTs figure was also the highest since last April.
Strong Customer Figures
Even though there were some dull days, the DART platform saw a lot of new customers. At the end of the month, there were 209,291 customer accounts. It is 50.2% more than last year.
TradeStation also gained 19,750 new accounts last month. It is an 85.3% increase from the same month the previous year. Of these new accounts, 13,178 were for cryptocurrency trading, and 12,541 were opened through a promotional program.
TradeStation plans to keep track of how well this promotion goes. Based on its success, they will decide if and how long the promotion should continue. It includes looking at how much money people put into their cryptocurrency accounts that TradeStation funded.
The total customer assets on the trading platform were $11.6 billion last month. It is 14.8% more than the previous year. Total customer cash also increased by 3.2% to $2.9 billion.