TradeStation Group Q3 net revenue rises by 2%, customer assets by 33%

<img width="250" height="151" src="https://www.leaprate.com/wp-content/uploads/2022/01/TradeStation-trading-volumes-250×151.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="TradeStation" style="float: left; margin-right: 5px;" link_thumbnail="" srcset="https://www.leaprate.com/wp-content/uploads/2022/01/TradeStation-trading-volumes-250×151.jpg 250w, https://www.leaprate.com/wp-content/uploads/2022/01/TradeStation-trading-volumes-700×422.jpg 700w, https://www.leaprate.com/wp-content/uploads/2022/01/TradeStation-trading-volumes-768×463.jpg 768w, https://www.leaprate.com/wp-content/uploads/2022/01/TradeStation-trading-volumes-120×72.jpg 120w, https://www.leaprate.com/wp-content/uploads/2022/01/TradeStation-trading-volumes-245×148.jpg 245w, https://www.leaprate.com/wp-content/uploads/2022/01/TradeStation-trading-volumes-500×301.jpg 500w, https://www.leaprate.com/wp-content/uploads/2022/01/TradeStation-trading-volumes.jpg 880w" sizes="(max-width: 250px) 100vw, 250px" /><h2>Key Metrics in the third quarter</h2>
<p>TradeStation registered gains in customer accounts with 27,412 new users, making a 81% YoY increase. This brought the total 178,863 customer accounts and 36.1% YoY rise.</p>
<p>Customer assets also increased to to $12.3 billion, including $3 billion in total customer cash. This represented 32.7% and 13% increases YoY, respectively.</p>
<p>The company’s Daily Average Revenue Trades (DARTs) fell 10.2% YoY to 214,690. However, they still rose 5.6% compared to the previous quarter.</p>
<p>John Bartleman, Chief Executive Officer of TradeStation, said:</p>
<blockquote><p>We continue to make progress on our investment in marketing to grow our account base, as well as in product initiatives that will enhance our award-winning, multi-asset platform to support our customers’ goal of claiming their financial edge.</p></blockquote>
<blockquote><p>Given the unusually high level of trading volume during the first year of the COVID- 19 pandemic, which included our prior-year third fiscal quarter, our year-over-year increase in revenue is a testament to our ability to grow our business, as well as to the considerable skills and efforts of TradeStation’s truly first-rate employees.</p></blockquote>
<p><a target="_blank" href="https://www.leaprate.com/forex/education/tradestation-group-launches-investment-education-media-service-and-trading-community/" rel="noopener">TradeStation</a> Group plans to go public on the NYSE through a blank-check company merger.</p>
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