Business Metrics

Certain Business Metrics

Fiscal Year-Ended March 31, 2026 BUSINESS METRICS¹

	APR	MAY	JUN	JUL	AUG	SEP	OCT	NOV	DEC	JAN	FEB	MAR
Trading Days²	21.0	21.0	20.0	21.5	21.0	21.0	23.0	18.5	21.5	20.0	19.0	22.0
Total Customer Accounts³	154,629	153,000	152,370	152,234	151,485	151,081	151,066	150,108	150,491
Gross New Accounts⁴	7,726	6,061	5,597	5,974	5,620	5,341	6,004	5,151	5,516
Total Customer Assets⁵ ($, millions)	11,751	12,582	13,119	13,330	13,450	14,110	14,471	13,867	13,836
Total Customer Cash6 ($, millions)	2,386	2,441	2,472	2,434	2,407	2,495	2,512	2,456	2,498
DARTs^{7, 8}	235,821	227,504	212,866	213,411	213,148	231,638	259,761	260,985	217,210

TradeStation’s fiscal year is from April 1 through March 31.
A “Trading Day” means each day during the period presented that trading is open on NYSE and Nasdaq markets. A day on which such markets close early, such as the Friday after Thanksgiving, is counted as half a day.
“Total Customer Accounts” is the number of customer brokerage accounts with a positive account balance at the end of the period presented.
“Gross New Accounts” is the total number of approved customer brokerage accounts funded during the period presented, and includes accounts funded during the period presented that were opened and approved (but not funded) in a prior period, as well as accounts that were opened and funded in a prior period, but then went to a zero balance and were subtracted from Total Customer Accounts, but then were again funded during the period presented.
“Total Customer Assets” is total cash and assets held in customer brokerage accounts at the end of the period presented.
“Total Customer Cash” is the aggregate cash held in customer brokerage accounts at the end of the period presented.
“DARTs” means daily average revenue trades made by our customers. A revenue trade means one completed customer equities, options, or futures trade, regardless of the number of shares, contracts, or units included in such trade, and includes trades completed under TradeStation’s “zero commission” plans (which are supported by payment-for-order-flow, or “PFOF,” revenue). Each “side” of a futures trade is counted as one revenue trade. Partial fills of an equities order on the same day are aggregated and counted as one revenue trade. DARTs are calculated by dividing the total number of revenue trades in the period presented by the total number of Trading Days in the period presented. DARTs is a general indicator, as each of the asset classes TradeStation offers has a different fee structure and level of profitability.
DARTs previously were under-reported by 4-7% for the months of October 2023 through February 2025. DARTs data was restated on April 2, 2025 to correct the previous under-reported DARTs data. The restatement of DARTs data had no impact on results reported in Monex Group’s financial statements.