| |
Datek Online Reports 100,037
Average Daily Trades For April 2001
5/07/01 - Datek Online Reports 100,037 Average Daily Trades For
April 2001
Datek Online Brokerage Services LLC, a subsidiary of Datek Online
Holdings Corp., announced today that average daily trades in April
2001 increased 19% to 100,037 from 84,019 in March 2001. This compares
with 121,673 average daily trades in April of 2000.
Funded customer accounts at the end of April 2001 rose 4% to 805,158
from 771,955 at the end of March 2001 and 60% from 501,999 at the
end of April 2000.
|
Month Ended:
|
 |
Apr. 30, 2001
|
|
Mar. 31, 2001
|
|
Apr. 30, 2000
|
|
Average trades per day:
|
|
100,037
|
|
84,019
|
|
121,673
|
|
Funded accounts at quarter end:
|
|
805,158
|
|
771,955
|
|
501,999
|
About Datek Online Brokerage Services LLC
Datek Online Brokerage Services LLC, a subsidiary of Datek Online
Holdings Corp., is one of the nation's largest online brokerage
firms. Committed to bringing leading-edge technology and real time
information to individual investors, Datek Online continues to be
an industry innovator. Datek Online was the first major online broker
to introduce a Web-based direct access* trading product, trading
in decimals and a continuous 12-hour trading day for Nasdaq stocks.
Datek Online also was the first major online broker to provide a
60-second commitment and free, real-time streaming quotes. In addition,
Datek Online was the first brokerage firm to rebate payments that
it receives for order flow. Located on the World Wide Web at www.datek.com,
Datek Online was established in 1996 and is headquartered in Jersey
City, New Jersey.
About Datek Online Holdings Corp.
Established in 1998, privately held Datek Online Holdings Corp.
is one of the fastest growing financial services companies in the
United States and provides direct access to financial services through
innovative technology. The Company's primary businesses are Datek
Online Brokerage Services LLC, a pioneer in the online brokerage
industry; iClearing LLC, a securities clearing operation; and Watcher
Technologies LLC, a software development company for the financial
services industry.
*All orders are routed through Datek Online Brokerage Services.
|
|
