| |
Datek Reports 78,274 Average Daily Trades
for March 2002
4/16/02 - 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.
|
Month
Ended:
|
March
31, 2002
|
Feb
28, 2002
|
March
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: |
March
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
B
|
$11.2
B
|
$9.4
B
|
| 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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