OMAHA, Neb. (AP) — TD Ameritrade says it handled significantly more trades in October as the nation's leaders deadlocked over fiscal policy and the client assets it holds also grew.
The Omaha, Neb.-based online brokerage said Monday that the average number of client trades it handed each day last month jumped 27 percent over last October to 420,000.
TD Ameritrade says the client assets it holds grew 22 percent over last October to $573.9 billion on Oct. 31.
The statistics hint at Ameritrade's performance because the firm makes money from trading commissions and from asset-based fees it charges.
TD Ameritrade's activity rates also provide an idea of the overall market's mood.
Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.