TD Sees Trading Volumes Up by 140% During a Volatile Week for Markets
Customer buys outweigh sells by almost 3:1 as FTSE 100 dips to 5,000
(firmenpresse) - LONDON, UNITED KINGDOM -- (Marketwire) -- 08/17/11 -- Darren Hepworth, Trading and Customer Services Director, TD Waterhouse comments: "We have seen record trading activity from TD customers over the past week, with overall trading volumes up 140% on the previous week. As worries over global debt and growth fears led to extremely volatile trading conditions in the markets, it appeared our customers were looking to bag discounted shares among the mass of falling share prices. In the week ending Tuesday, 9 August buy trades outnumbered sells by almost 3:1 having increased by nearly 150% on the previous week. The FTSE 100 hit its lowest level since July 2010, falling to a low of 4,796.97 on Tuesday (9 August) before recovering slightly to close at 5,164.92 the same day."
The Top 10 TD Customer Buys and Sells for week ended 9th August 2011(1)
Darren Hepworth continues: "Britain's biggest banks dominated both our top ten customer buys and sells tables this week as the debt crisis continued to grip the Eurozone and credit rating agency Standard & Poor's brought to an end the US's 70-year reign as a AAA rated economy. Lloyds Banking Group (LLOY) remained in pole position in this week's customer trading tables after announcing a GBP 3.3bn loss for the six months to 30 June on Thursday (4 August). The loss included GBP 3.2bn that the company put aside to compensate customers who were mis-sold payment protection insurance (PPI). Despite allocating a much smaller GBP 850m to cover claims for the mis-selling of PPI, Royal Bank of Scotland Group (RBS) also announced half-year losses of GBP 1.4bn on Friday (5 August). RBS moved up to third from fifth in our customer buys table and dropped one place to fourth in the sells. To complete the picture for Britain's banking behemoths, Barclays (BARC) took second place in both tables.
"There was better news for Aviva (AV) which announced its interim results last Thursday (4 August). The insurance giant reported total operating profit of , up 5% on the first six months of 2010 and finished the week as the fourth most popular buy among our customers.
"BP (BP) moved up the buys table to sixth from last week's ninth place as news emerged that it intends to sue one of the shareholders in its Anglo-Russian TNK-BP joint venture. It was also a new entrant in the sells table taking fifth place. Meanwhile, Rockhopper Exploration (RKH) also entered the top ten sells table, in ninth place, as the oil explorer reported positive results from the drilling of its third appraisal well at the Sea Lion feature in the North Falkland Basin on Tuesday (9 August).
"The only other new entrants into our tables this week were Vodafone (VOD) at ninth in the buys and miner Xstrata (XTA), which took 10th in the sells."
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TD Waterhouse is the UK's leading execution only broker(2) with trading rates starting from GBP 8.95. Only 15 or more eligible trades per quarter are required to qualify for TD Waterhouse's frequent trader rates(3).
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Notes to editors
Footnotes
1: The Top Ten Buys and Sells should not be taken as a recommendation to buy or sell any particular bond or stock, and it is not intended to offer any form of advice. Instead it is simply an indication of the general buying and selling trends amongst some TD Waterhouse customers, observed during the period stated.
2: Source: Compeer based on daily average retail trades for TD Waterhouse including its white label partners, as at June 2011.
3: TD Waterhouse trading rates:
TD Waterhouse Frequent Trader Commission Rates
Frequent Trader Commission Rates work on a rolling monthly cycle, based on the number of trades executed in the preceding 3 calendar months. If you complete 15 or more eligible trades in the preceding qualifying 3 month period you will qualify for our Frequent Trader Commission Rates, from the start of the next month. For more information customers can log onto .
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About TD Waterhouse:
TD Waterhouse is the UK's leading execution-only broker+, servicing approx 200,000 UK customers with over GBP 3.77 billion in customer assets (stocks and cash) under management. It is a subsidiary of the TD Bank Group (TD or the bank), the 6th largest bank in North America by branches. TD has 82,000 employees in offices around the world, serving 19 million customers with client assets of CDN$630 billion (as at 30, April 2011). + Source: Compeer based on daily average retail trades for TD Waterhouse including its white label partners, as at June 2011.
TD Waterhouse provides UK investors with simple, fast and easy - combined with high quality news and information from leading providers including Morningstar - to both active traders and longer-term investors. These include UK and international equity trading, , regular investment accounts, , Derivatives (, and ) and .
TD Waterhouse is authorised and regulated by the Financial Services Authority (FSA), 25 The North Colonnade, Canary Wharf, London E14 5HS (FSA registered number 141282), member of the London Stock Exchange and the PLUS market.
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TD Waterhouse
Karen Garner
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Edelman
Sorrel Beynon
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Edelman
Sonia Afzal
+44 (0) 20 3047 2371
Edelman
Mark Debenham
+44 (0) 20 3047 2390
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Datum: 17.08.2011 - 01:30 Uhr
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News-ID 1031230
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