Ameritrade Reports New Accounts and Average Trades Per Day for March; Company Updates its Outlook Statement.Business Editors OMAHA Omaha, city, United States Omaha (ō`məhä, –hô), city (1990 pop. 335,795), seat of Douglas co., E Nebr., on the west bank of the Missouri River; inc. 1857. , Neb.--(BUSINESS WIRE)--April 5, 2002 Ameritrade Holding Corporation (Nasdaq:AMTD AMTD Arithmetic Mean Temperature Difference AMTD Automatic Magnetic Tape Distribution AMTD Affordability and Manufacturing Technology Demonstration ) today reported continuing growth in its core online brokerage business. The Company opened 32,000 new accounts(a) for a total of 1,877,000, with an average daily volume of 86,000 trades. Outlook Ameritrade has updated its activity rate to 4.8% and net revenue estimates to $105 - $110 million for the second quarter of fiscal year 2002 in the "Outlook Statement" section of its corporate Web site located at www.amtd.com. Given online trading Online Trading Making trades via the Internet. Notes: The use of online trading increased dramatically in the mid to late 1990's with the advent of high-speed computers and Internet connections. Stocks, bonds, options, futures, and currencies can all be traded online. activity levels, the Company expects earnings per share to be at the low end of its previously published range. About Ameritrade Holding Corporation Ameritrade Holding Corporation (www.amtd.com) is a pioneer in the online brokerage industry with a 27-year history of providing clients a self-directed self-di·rect·ed adj. Directed or guided by oneself, especially as an independent agent: the self-directed study of a language. self approach to investment services. The award-winning Adj. 1. award-winning - having received awards; "this award-winning bridge spans a distance of five miles" Company, through its Private Client and Institutional Client divisions, provides tiered levels of brokerage products and services tailored to meet the varying investing, trading and execution needs of individual investors, financial institutions and corporations. (a) Ameritrade reports "new" accounts upon client funding of an account. |
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