Ameritrade Sees April Volume Rise

Online broker Ameritrade announced Friday that daily trading volume in April was 124,000, up 7% from 116,000 in the first quarter. However, that was a 12% decrease from average trading volume of 141,000 in the fourth quarter. The firm also said it 31,000 new accounts during April for a total of 2,924,000 accounts.

Last month, the firm reported a 38% increase in its fiscal second quarter earnings of $9.6 million on net revenue of $147.6 million, Reuters reports.

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