Robinhood reports more monthly trades than rivals Charles Schwab, E-Trade combined

Robinhood reports more monthly trades than rivals Charles Schwab, E-Trade combined

Robinhood appSource: RobinhoodRobinhood joined the rest of brokerage industry by publishing monthly trading data on Manday. The start-up trounced them all — at least by one metric.Robinhood saw 4.3 million daily average revenue trades, or DARTS, in June, the company told CNBC Monday. This is the first time the start-up has shared monthly totals. Robinhood's debut total was higher than all of the major incumbent brokerage firms, and more than E-Trade and Charles Schwab combined. TD Ameritrade saw the next highest monthly total at 3.84 million DARTs, according to the company's monthly report. Interactive Brokers saw 1.8 million DARTs in June, followed by Charles Schwab and E-Trade at 1.8 million and 1.1 million, respectively. So-called DARTs are still a key brokerage industry standard for measuring customer trades, even though they no longer charge commissions. Robinhood's DARTs in