Some on-line brokerage Number Crunches-
We we discussing this recently. $Mogul on the DIR thread posted data- Message 10827656 released today.
I wish SI had a place we could FTP spreadsheets to! Here are the results.
broker trades/price accounts/price account $ $/acct /price /price Schwab 3694.5945946 75.675675676 6783.7837838 2.4227799228 E.Trade 3224.0000000 52.252631579 1094.7368421 0.88214088808 Fidelity Waterhouse 4129.0322581 49.677419355 3032.2580645 3.9379974864 Datek Ameritrade 2548.9192547 25.093167702 1122.9813665 2.2237254781 DLJ Direct 1202.893617 15.716312057 754.60992908 2.7242235707 Suretrade Discover 138.42826244 1.7880317231 76.13554434 0.49119706026 NDB 210.52631579 4.7935222672 252.63157895 1.706970128
This is intended to calculate some measure of value. Big is good. Growth is NOT accounted for.
---------------------------------------------------------------------- Broker Trades/Day Market % Change Accounts Assets Share (Q/Q) (M) (MM) ---------------------------------------------------------------------- ---------------------------------------------------------------------- Schwab 136,700 25.0% -0.5% 2,800 $251,000 ---------------------------------------------------------------------- ---------------------------------------------------------------------- E.Trade 76,570 14.0% 16.4% 1,241 $26,000 ---------------------------------------------------------------------- ---------------------------------------------------------------------- Fidelity 64,100 11.7% 7.1% 2,789 187,000 ---------------------------------------------------------------------- ---------------------------------------------------------------------- Waterhouse 64,000 11.7% 10.7% 770 47,000 ---------------------------------------------------------------------- ---------------------------------------------------------------------- Datek 57,655 10.5% 14.5% 254 6,200 ---------------------------------------------------------------------- ---------------------------------------------------------------------- Ameritrade 51,297 9.4% 24.4% 505 $22,600 ---------------------------------------------------------------------- ---------------------------------------------------------------------- DLJ Direct 21,201 3.9% 11.2% 277 $13,300 ---------------------------------------------------------------------- ---------------------------------------------------------------------- Suretrade 12,500 2.3% 4.2% 150 $1,700 ---------------------------------------------------------------------- ---------------------------------------------------------------------- Discover 12,000 2.2% -13.3% 155 $6,600 ---------------------------------------------------------------------- ---------------------------------------------------------------------- NDB 6,500 1.2% -1.2% 148 $7,800 ---------------------------------------------------------------------- ---------------------------------------------------------------------- Others 45,000 8.2% 7.1% 650 $39,000
---------------------------------------------------------------------- ---------------------------------------------------------------------- TOTAL 547,523 100% 8.2% 9,739 $608,200 ---------------------------------------------------------------------- *T Source: Piper Jaffray, Company and Industry Sources |