(RTTNews) - E*Trade Financial Corp. (ETFC: News ) released its Monthly Activity Report for October. The Company ended the month with brokerage accounts of more than 2.7 million, including gross new brokerage accounts of 30,348 and net new brokerage accounts of 3,360. Total accounts ended the month at more than 4.5 million.

Total Daily Average Revenue Trades or DARTs for October were 194,662 - a decrease of 22% from the year ago period. Year-to-date through October, DARTs are up 9% from the same period last year.
Customer security holdings declined by $5 billion in October and brokerage-related cash remained essentially flat, while bank-related cash and deposits declined by $0.5 billion, as the Company continued to execute its ongoing strategy to reduce bank-related deposits.

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by RTT Staff Writer

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