/ Source: The Associated Press
Online brokerage and investor education provider thinkorswim Group Inc. said its new funded accounts rose 21 percent in May compared to the same period last year.
New funded accounts totaled 4,850 last month, while total funded accounts rose 58 percent from a year earlier to 118,300.
Daily average revenue trades increased 46 percent to 76,600 compared with the same month last year, the company announced Monday.
It reported client assets of $3.73 billion at the end of the month, 21 percent higher than a year earlier.
On Tuesday, shareholders of thinkorswim approved its sale to TD Ameritrade.
Shares of thinkorswim slid 33 cents to $10.58 in afternoon trading.
