PRW: Datek Reports 78,274 Average Daily Trades for March 2002
(PR Newswire 04/16 15:55:39)
JERSEY CITY, N.J., April 16 /PRNewswire/ -- Datek Online Financial Services
LLC, a subsidiary of Datek Online Holdings Corp., today reported trading
statistics and account information for March 2002 and the first quarter of
2002.
(Logo: newscom.com )
Month Ended: Mar. 31, 2002 Feb. 28, 2002 Mar. 31, 2001
Average trades per day 78,274 71,735 85,203
Funded accounts at
month's end 860,776 841,971 766,469(1)
New funded accounts 21,806 19,703 34,119
Quarter Ended: Mar. 31, 2002 Dec. 31, 2001 Mar. 31, 2001
Average trades per day 76,663 78,040 97,185
Funded accounts at
quarter's end 860,776 836,943 766,469(1)
New funded accounts 62,966 53,624 88,891
Customer assets held
in custody(2) $11.6 billion $11.2 billion $9.4 billion
Assets per funded account $13,500 $13,399 $12,218
About Datek Online Financial Services LLC
Located on the World Wide Web at www.datek.com, Datek was the first major
firm in its industry to introduce a Web-based, direct-access(3) trading
product, trading in decimals and a continuous 12-hour trading day for Nasdaq
stocks. Datek also was the first major online broker to provide a 60-second
commitment and free, real-time streaming quotes(4).
About Datek Online Holdings Corp.
Established in 1998, privately held Datek Online Holdings Corp. is one of
the most innovative financial services companies in the United States. The
Company's primary businesses are Datek Online Financial Services LLC, a
pioneer in the online brokerage industry; iClearing LLC, a securities
clearing operation; and iCapital Markets LLC, a provider of execution
services.
(1) Data has been conformed to current presentation standards.
(2) All customer assets are held at iClearing LLC, a wholly-owned
subsidiary of Datek Online Holdings Corp.
(3) All orders are routed through Datek Online Financial Services LLC.
(4) Real-time quote privileges differ for professional users.
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/CONTACT: Marissa Hermo, +1-201-761-8768, mhermo@datek.com or Mike Dunn,
+1-201-761-8767, mdunn@datek.com, both of Datek/
15:54 ED
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