Datek Online Reports 97,185 Average Daily Trades For First Quarter 2001
Apr 05, 2001, 01:00 ET from Datek Online Brokerage Services LLC
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EDISON, N.J., April 5 /PRNewswire/ -- Datek Online Brokerage Services LLC,
a subsidiary of Datek Online Holdings Corp., today announced that average
online trades per day in the first quarter of 2001 were 97,185 versus 106,143
in the 2000 fourth quarter and 121,261 in the first quarter of 2000. Funded
customer accounts at the end of the 2001 first quarter increased 12% to
771,955 from 692,065 at the end of the fourth quarter of 2000 and 69% from
456,617 at the end of the first quarter in 2000. Customer assets held in
custody at the end of the 2001 first quarter were $9.4 billion compared with
$10.8 billion at the end of the fourth quarter of 2000 and $15.1 billion at
the end of the first quarter of 2000. All customer assets are held at
iClearing LLC, a wholly owned subsidiary of Datek Online Holdings Corp.
(LOGO: http://www.newscom.com/cgi-bin/prnh/19991105/DATEKLOGO )
Quarter Ended: Mar. 31,2001 Dec. 31,2000 Mar. 31,2000
Average tradesper day: 97,185 106,143 121,261
Funded accounts at
quarter end: 771,955 692,065 456,617
Customer assets held
in custody: $9.4 billion $10.8 billion $15.1 billion
Assets per account: $12,218 $15,573 $33,123
Month Ended: Mar. 31,2001 Feb. 28,2001 Mar. 31,2000
Average trades per day: 85,203 91,541 135,699
Funded accounts at
month's end: 771,955 740,652 456,617
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 major online brokerage firm to rebate payments that
it receives for order flow. Located on the World Wide Web at
http://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.
SOURCE Datek Online Brokerage Services LLC
EDISON, N.J., April 5 /PRNewswire/ -- Datek Online Brokerage Services LLC,
a subsidiary of Datek Online Holdings Corp., today announced that average
online trades per day in the first quarter of 2001 were 97,185 versus 106,143
in the 2000 fourth quarter and 121,261 in the first quarter of 2000. Funded
customer accounts at the end of the 2001 first quarter increased 12% to
771,955 from 692,065 at the end of the fourth quarter of 2000 and 69% from
456,617 at the end of the first quarter in 2000. Customer assets held in
custody at the end of the 2001 first quarter were $9.4 billion compared with
$10.8 billion at the end of the fourth quarter of 2000 and $15.1 billion at
the end of the first quarter of 2000. All customer assets are held at
iClearing LLC, a wholly owned subsidiary of Datek Online Holdings Corp.
(LOGO: http://www.newscom.com/cgi-bin/prnh/19991105/DATEKLOGO )
Quarter Ended: Mar. 31,2001 Dec. 31,2000 Mar. 31,2000
Average tradesper day: 97,185 106,143 121,261
Funded accounts at
quarter end: 771,955 692,065 456,617
Customer assets held
in custody: $9.4 billion $10.8 billion $15.1 billion
Assets per account: $12,218 $15,573 $33,123
Month Ended: Mar. 31,2001 Feb. 28,2001 Mar. 31,2000
Average trades per day: 85,203 91,541 135,699
Funded accounts at
month's end: 771,955 740,652 456,617
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 major online brokerage firm to rebate payments that
it receives for order flow. Located on the World Wide Web at
http://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.
SOURCE Datek Online Brokerage Services LLC
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