| 02 December 2009

TradeStation Group (TRAD) reported November metrics today. While they sustain a nice pattern through October they finally succumbed to the Q4 headwinds we've seen from other brokers. DARTs dropped 33% year over year and 6% versus October.

Interactive Brokers is up next... where we'll begin our process of confirming a dreary Q4 for brokers.

More details:

• 81,906 Daily Average Revenue Trades (DARTs)
• Total client assets of $2.0 billion (as of November 30, 2009)
• Average equities client credit balances of $876 million
• Average equities client margin balances of $44 million