OptionsXpress Holdings, which provides brokerage services for equity options and futures trading, said Wednesday that trading activity slowed in July even as total client assets grew.
Retail daily average revenue trades declined 9 percent from July of last year and 6 percent from June.
Total client assets at the end of the month were $7.4 billion, which was 24 percent higher than July 2009 and 5 percent higher than June.
The company ended the month with 367,100 customer accounts, about 8 percent higher than July of last year.
Institutional daily average revenue trades were 13,500, which was 21 percent higher than July 2009, but 8 percent lower than June.
Shares of OptionsXpress Holdings Inc. slipped 19 cents, or 1.2 percent to $15.78 in afternoon trading.
