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Thinkorswim Group September trading volume rises



By AP
01 October 2008 @ 09:41 am EST

NEW YORK - Thinkorswim Group Inc., an online brokerage and investor education services provider, said Wednesday its client assets and daily average revenue trades both increased significantly in September.

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Client assets at thinkorswim totaled $3.19 billion at Sept. 26, 46 percent higher than at the end of September 2007.

Daily average trading volume more than doubled in September to 63,600 trades.

New funded accounts totaled 3,400 in September, a 15 percent increase from the year-ago period.

The company had 94,200 active subscribers in its investor education group as of the end of September, down from 98,000 at the end of the prior-year period.

Shares of the company added 25 cents, or 3 percent, to $8.58 in morning trading.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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