Cybertrader 500k accounts

Discussion in 'Retail Brokers' started by stock777, Sep 5, 2003.

  1. stock777

    stock777

    "Schwab’s active brokerage unit, CyberTrader, grew from 300,000 accounts in March to 500,000 accounts in June."

    Well, I'm astounded by those figures. Did they buy someone?

    Does this mean there are that many PLATFORM users? Hard to believe.
     
    #1     Sep 5, 2003
    Share
  2. TMTrader

    TMTrader

    Hard to believe they have 200,000 new accounts in 3 months. Maybe they are moving some "traditional" customers to the CybertTrader platform, though it's hard to believe.

    TM Trader
     
    #2     Sep 5, 2003
    Share
  3. matt5555

    matt5555

    Top indicator? :D
     
    #3     Sep 7, 2003
    Share
  4. fcelfcel

    fcelfcel

    where did u get this information?
     
    #4     Sep 7, 2003
    Share
  5. vulture

    vulture

    Unless they did transfer some accounts from traditional brokerage accounts to Cybertrader like someone else mentioned, this does speak volumes about the sentiment levels in mid-June when the SP was topping out for the summer. I remember well that the bullish sentiment was in the high 60's and bearish sentiment went as low as 8% at one point. So, basically, I would not be completely suprised if a bunch of new accounts were opened in light of the fact that individual investor sentiment peaked in the same time frame...
     
    #5     Sep 7, 2003
    Share
  6. Andre

    Andre

    I can't remember where I read it, but I think it was a wire report in a local paper that brokerages across the board are up in terms of an increase in accounts. Re: a sign that things are getting better. I just tried to find a link. No luck. I'll bet someone will post one soon...

    André
     
    #6     Sep 7, 2003
    Share
  7. Nana Trader

    Nana Trader

    Tradstation has around 10,000 account, how much IB does have?
     
    #7     Sep 7, 2003
    Share
  8. def

    def Sponsor

    more.
     
    #8     Sep 7, 2003
    Share
  9. Banjo

    Banjo

    Growth of IB client assets:
    http://www.interactivebrokers.com
    6/30/03........786M......20.6%(3 months)
    3/31/03....... 652M..... 25.6%(3 months)
    12/30/02...... 519M..... 23.8%(3 months)
    9/30/02....... 419M..... 25.1%(3 months)
    6/30/02....... 335M..... 19.2%(3 months)
    3/31/02....... 281M..... 21.6%(3 months)
    12/31/01...... 231M..... 32%(3 months)
    9/30/01 ...... 174M..... 20%(3 months)
    6/30/01....... 145M..... 12%(3 months)
    3/31/01....... 130M..... 46%(6 months)
    12/31/00...... 89M...... 61%(6 months)
    6/30/00....... 55M...... 358%(6 months)
    12/31/99...... 12M......
     
    #9     Sep 7, 2003
    Share
  10. Ken_DTU

    Ken_DTU

    cybertrader is the best.

    "I wouldn't daytrade without cybertrader and esignal."

    for swingtrading, IB is good since low commisshes. I still don't know about using a java app to manage daytrades...

    hey def, is IB going to come out with a dedicated software interface like cybers' anytime soon? if they do, I'd check it out.


    If we could get cyber's software w/IB's per share commissh rate, hey I'd be in daytrader heaven.



    ken
     
    #10     Sep 7, 2003
    Share