Ameritrade Holding Corporation
Datek Online Holdings Corp.
Commission File Number 0-22163
For Immediate Release – Press Release
| Contact: | Marissa Hermo | Mike Dunn | ||||
| Datek | Datek | |||||
| (201) 761-8768 | (201) 761-8767 | |||||
| mhermo@datek.com | mdunn@datek.com |
DATEK REPORTS 78,274 AVERAGE DAILY TRADES
FOR MARCH 2002
Jersey City, NJ – April 16, 2002 — Datek Online Financial Services LLC, a subsidiary of Datek Online Holdings Corp., today reported trading statistics and account information for March 2002 and the first quarter of 2002.
| Month Ended: | Mar. 31, 2002 | Feb. 28, 2002 | Mar. 31, 2001 | |||||||||
Average trades per day | 78,274 | 71,735 | 85,203 | |||||||||
Funded accounts at month’s end | 860,776 | 841,971 | 766,469 | 1 | ||||||||
New funded accounts | 21,806 | 19,703 | 34,119 | |||||||||
| Quarter Ended: | Mar. 31, 2002 | Dec. 31, 2001 | Mar. 31, 2001 | |||||||||
Average trades per day | 76,663 | 78,040 | 97,185 | |||||||||
Funded accounts at quarter’s end | 860,776 | 836,943 | 766,469 | 1 | ||||||||
New funded accounts | 62,966 | 53,624 | 88,891 | |||||||||
Customer assets held in custody2 | $ | 11.6 | billion | $ | 11.2 | billion | $ | 9.4 | billion | |||
Assets per funded account | $ | 13,500 | $ | 13,399 | $ | 12,218 | ||||||
About Datek Online Financial Services LLC
Located on the World Wide Web at www.datek.com, Datek was the first major firm in its industry to introduce a Web-based, direct-access3 trading product, trading in decimals
and a continuous 12-hour trading day for Nasdaq stocks. Datek also was the first major online broker to provide a 60-second commitment and free, real-time streaming quotes4.
About Datek Online Holdings Corp.
Established in 1998, privately held Datek Online Holdings Corp. is one of the most innovative financial services companies in the United States. The Company’s primary businesses are Datek Online Financial Services LLC, a pioneer in the online brokerage industry; iClearing LLC, a securities clearing operation; and iCapital Markets LLC, a provider of execution services.
| 1. | Data has been conformed to current presentation standards. | |
| 2. | All customer assets are held at iClearing LLC, a wholly owned subsidiary of Datek Online Holdings Corp. | |
| 3. | All orders are routed through Datek Online Financial Services LLC. | |
| 4. | Real-time quote privileges differ for professional users. |
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INVESTORS ARE URGED TO READ THE JOINT PROXY STATEMENT/PROSPECTUS THAT WILL BE INCLUDED IN THE REGISTRATION STATEMENT ON FORM S-4 CONCERNING THE MERGER OF AMERITRADE HOLDING CORPORATION AND DATEK ONLINE HOLDINGS CORP. TO BE FILED WITH THE SECURITIES AND EXCHANGE COMMISSION BECAUSE IT WILL CONTAIN IMPORTANT INFORMATION. INVESTORS WILL BE ABLE TO OBTAIN THIS DOCUMENT WHEN FILED FOR FREE FROM THE COMMISSION'S WEB SITE AT WWW.SEC.GOV OR FROM AMERITRADE BY CONTACTING ITS CORPORATE SECRETARY.
