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Investools' online brokerage posts higher DARTs

Tue Jan 15, 2008 9:53am EST

CHICAGO, Jan 15 (Reuters) - Investor education services company Investools Inc SWIM.O said on Wednesday its online brokerage arm, thinkorswim, reported a 280 percent jump in its December daily average revenue trades (DARTs) over the same period in 2006, helped by new customer accounts.

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The increase in DARTs came as December saw an industrywide slowdown in overall trading activity, Investools said in a statement.

Thinkorswim reported DARTs of 39,100 for December and added 6,700 new accounts.

Client assets at thinkorswim last month were $2.58 billion, up 134 percent from December 2006.

Separately, Investools reported account growth in December. Active subscribers were 102,800, up from 85,400 a year earlier. (Reporting by Doris Frankel; editing by John Wallace)

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