Dec
11
Xpress Trade
optionsXpress has migrated its Xpresstrade futures customers to the optionsXpress platform. Channel checks suggest that Xpresstrade customers in general are not enamored with the change or their new optionsXpress futures platform. This will have a slight negative impact on open accounts, balances, trading volume, etc. going forward. These changes are in TCC’s November estimates for optionsXpress November DARTS.
November DART Estimate
The Channel Checkers is estimating a 1.4% sequential increase in DARTS for November 2007 compared to October 2007 and a 53.3% year-over-year increase November 2007 over November 2006.
The 1.4% increase is significantly less than the September 2007 to October 2007 26% sequential increase.
November 2006 DARTS………..28,700
October 2007 DARTS…………..43,400
November CC Estimate…………44,000
Sequential Increase: +1.4%
Year-over-year increase: +53.3%
Past estimates of The Channel Checkers’ have varied in accuracy from -0.2% to + 4.7%.
CC Estimate Reported Error
August …………35,710…………35,800………….-0.2%
September……. 37,127………….35,400………….+4.7%
October…………43,400 ……….. 44,600………….+2.7%
November ……..44,000…………..(Metrics Released PMO 12/12/2007)
optionsXpress is expected to release November Metrics pre-market on December 12, 2007.
The November DART estimate for optionsXpress is currently available from The Channel Checkers directly by calling Casey at 415.359.9153 or e-mailing casey@thechannelcheckers.com.
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