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Investools' unit has sequential drop in daily avg revenue trades

Wed Mar 12, 2008 7:28am EDT

March 12 (Reuters) - Online brokerage and investor education services company Investools Inc SWIM.O said its brokerage arm posted a sequential fall in monthly daily average revenue trades (DARTs) and new customer accounts.

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The company's brokerage arm, thinkorswim, reported February retail DARTs of 41,100 and opened 7,600 new customer accounts, compared with DARTs of 48,500 and new accounts of 8,050 for the previous month.

Client assets at month-end were $2.59 billion, a slight increase compared with last month. (Reporting by Dinesh Nair; Editing by Bernard Orr)

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