ADVFN - Advanced Financial Network.
HOME» NASDAQ » E » ETFC Stock Price » ETFC Stock News

E*trade Financial Share News

 E*trade Financial (mm) Stock Price
ETFC Stock Price
 E*trade Financial (mm) Stock Chart
ETFC Stock Chart
 E*trade Financial (mm) Stock News
ETFC Stock News
 E*trade Financial (mm) Company Information
ETFC Company Information
 E*trade Financial (mm) Stock Trades
ETFC Stock Trades

TD Ameritrade: Facebook Makes Up 25%-29% Of Co's Volume Friday

By Brett Philbin Of DOW JONES NEWSWIRES NEW YORK -(Dow Jones)- TD Ameritrade Holding Corp. (AMTD) Senior Vice President of Trading Steve Quirk said trading in shares of Facebook Inc. (FB), in its market debut, has accounted for roughly 25% to 29% of the online brokerage's total trading volume so far on Friday. In an interview, Quirk said the company's daily average revenue trades, or DARTs, a measure of trading activity, on Friday should be "well north" of the company's volume for the past few months and the 388,000 in average trades per day it reported in its fiscal second quarter. "We had said if it was north of 20%, we'd be pleasantly surprised," Quirk said, adding that the expiration of May options was also another factor in boosting volume on Friday. Online brokerages such as TD Ameritrade and its rivals, Charles Schwab Corp. (SCHW) and E*Trade Holding Corp. (ETFC), will take any trading catalyst they can get as the European sovereign-debt crisis and concerns about a slowing economy have reined in trading volume recently. Ameritrade, itself, has reported declining activity for three straight months. But Friday, so far, has been another story. Heavy trading in Facebook by the company's customers has dwarfed that of other high-profile social-media IPOs. The initial public offering of LinkedIn Corp. (LNKD) accounted for 5% of TD Ameritrade's total DARTs, while Groupon Inc. (GRPN) and Pandora Media Inc. (P) accounted for 4.3% and 3%, respectively. In another sign of investor appetite for Facebook, Quirk said Apple Inc. (AAPL), a technology bellwether and one of the most popular names among the brokerage's clients, typically accounts for just 4% of Ameritrade's total trades and as much as 10% on days when the company makes a "large announcement." As of 10:30 a.m. EDT, TD Ameritrade had entered about 45,000 customer orders to trade Facebook, a number that climbed to roughly 60,000 by the time it began trading, Quirk said. "The demand was obviously pretty large and we accommodated nearly half of it," he said. -By Brett Philbin, Dow Jones Newswires; 212-416-2173; brett.philbin@dowjones.com

Stock News for E*trade Financial (ETFC)
DateTimeHeadline
03/25/201508:09:59Additional Proxy Soliciting Materials (definitive) (defa14a)
03/25/201508:07:55Proxy Statement (definitive) (def 14a)
03/17/201516:07:44Current Report Filing (8-k)
03/17/201501:19:30The Time To Hedge Is Now! March 2015 Update
03/13/201515:44:32Schwab Says Trading Activity Off to Slow Start in 2015
03/13/201508:23:11E*Trade Februrary trading activity falls from a year ago
03/13/201508:05:00E*TRADE Financial Corporation Reports Monthly Activity for February...
03/11/201507:55:51TD Ameritrade's Tomczyk not "wasting calories" thinking about...
03/10/201516:05:00E*TRADE to Host Annual Retirement Education Day
03/10/201508:20:17More E*Trade takeover chatter
03/07/201512:01:58InsiderInsights.com Daily Round Up 3/6/15: BK, OAS, GPC, CAPL
03/05/201517:25:31Current Report Filing (8-k)
03/05/201516:05:00E*TRADE Earns Two First Place Awards, Best New Tool Award, and...
03/03/201516:48:16Prospectus Filed Pursuant to Rule 424(b)(5) (424b5)
03/03/201507:31:31Current Report Filing (8-k)
03/02/201516:07:00E*TRADE Financial Corporation Announces Pricing of Senior Notes
03/02/201507:41:35Free Writing Prospectus - Filing Under Securities Act Rules 163/433...
03/02/201507:39:44Prospectus Filed Pursuant to Rule 424(b)(5) (424b5)
03/02/201507:31:40Current Report Filing (8-k)
03/02/201507:30:00E*TRADE Financial Corporation Announces Reduction of Corporate...

E*trade Financial and other NASDAQ stock quotes are delayed by at least 20 minutes.
All other stock price and quote data is delayed by at least 15 minutes unless otherwise stated. By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad