E*TRADE Financial’s Daily Average Revenue Trades Rose in May
After lower volatility in April, the markets were again volatile in May, which boosted brokerages’ (VFH) daily average revenue trades (or DARTs). Overall, volatility was lower sequentially in the second quarter, hinting that brokerages’ trading revenues might fall. The primary factors that reduced volatility in the second quarter were corporate earnings, improvement in employment, and settling geopolitical tensions.