Black Friday Accounts for Record-Breaking Mobile Trades Placed

09:57 11/30/2017

TD Ameritrade Holding Corp. AMTD  recorded that 28% of its retail trades placed on November 24, 2017 were done through mobile devices. Clients for TD Ameritrade continue to turn to mobile to get ‘on-the-go’ access to the markets. Mobile trading jumped 4% this year from last year’s holiday frenzy and increased 7% from 2015.

Also, TD Ameritrade Holding Corp. AMTD  saw record-breaking numbers for the fiscal year 2017. There has been an average of 111,600 mobile trades per day, up 19% from mobile trades in 2016. Twenty two percent of all trades placed through TD Ameritrade was recorded on mobile devices, up 3% from last year.

Amazon AMZN  was the top Black Friday Stock for the 3rd year in a row and the other most active stocks that TD Ameritrade clients invested in were Marathon Patent Group MARA ; Riot Blockchain Inc. RIOT ; General Electric GE  and Quadian Inc. QD .

Director of trading for TD Ameritrade AMTD , Victor Jones commented, “Black Friday is a great example of why access to the markets via mobile is so vital for investors. We continue to see investors placing a record number of trades from their mobile devices on big holidays like this because many are on-the-go and not able to access their computer to place trades.”

For more than 40 years, TD Ameritrade has always been a customer-first company where they want the clients to take control of the trades. More millennials have turned to mobile trading and TD Ameritrade’s AMTD  platform makes it user-friendly and easy to access anywhere in the world.

Shares for TD Ameritrade Holding Corp. AMTD  saw a nice 6% spike since Nov 24th and reached an all-time high of $51.38 per share. They also saw record volume on Friday and into Cyber Monday trading.

This article has been provided by a Chasing Markets contributor. All content submitted by this author represent their personal opinions, and should be considered as such for entertainment purpose only. All opinions expressed are those of the writer, and may not necessarily represent fact, opinions, or bias of Chasing Markets.
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