TradeStation Group rises on improved December trade revenue
TradeStation Group, Inc. (Nasdaq: TRAD) shares are rising on news that the trading software maker’s daily average revenue trades increased 37% during December to 77,033. Total client assets during the monthly period rose 12% to $1.79 billion, from $1.59 billion a year earlier.
During December, TradeStation posted average equities client credit balances of $598 million and average equities client margin balances of $99 million.
In morning trading, TRAD shares are up 0.79%, or $0.11, at $14.02. Over the last 52 weeks, shares have ranged from $9.41 to $14.87.
