Tradestation has released its critical indicators for January 2022. Across almost all variables, the company posted remarkable growth. Tradestation is an American online broker owned by the Japanese giant Monex Group.
The trader closed out the month with 195,969 total client accounts, 44.7% more than last year. This represents the number of Tradestation customer accounts that have a positive balance.
The trading platform reported 21,052 new account openings in January, a 218.2% increase from the number recorded for January 2021. 14,147 of the newly created accounts are cryptocurrency accounts, with 13450 being opened as part of a promotional campaign.
The company’s total client assets and cash rise dramatically during the month. Tradestation had $11.5 billion in overall client assets at the end of January, 16.7% more than a year earlier, and $3 billion in total customer cash, 5.9% more than a year ago.
Despite these setbacks, the average daily revenue trades (DARTs) decreased in January to 239,227. January DARTs decreased by 12.4% year over year despite strong client metrics.
Meanwhile, Tradestation announced in November that the firm would go public with a blank-check merger. It has already agreed to a merger with Quantum FinTech Acquisition Corporation, a special-purpose acquisition firm (SPAC), and the resulting entity is expected to be worth approximately $1.43 billion.
For the October-December quarter, the firm revealed a 1.8% rise in revenue to $53.9 million, but it incurred a pre-tax loss of $15.7 million and a net loss of $11.3 million before taxes.