Thinkorswim trading volume rises in November

Thinkorswim Group Inc., an online brokerage and investor education services provider, said Thursday both new funded accounts and daily average trading volume increased in November amid the ongoing market volatility.

Daily average revenue trades increased 43 percent to 64,500 compared with the same month last year.

New funded accounts increased to 3,825 during the month. Thinkorswim had 94,475 funded accounts at the end of November, 72 percent more than on the same day last year.

Client assets totaled $2.9 billion at the end of November, 16 percent more than the year-ago period.

In its investor education group, thinkorswim said it had 7,380 total paid graduates in November and 98,300 active subscribers at the end of the month. The company had 4,420 paid graduates in November 2007 and 103,000 active subscribers on Nov. 30, 2007.

Shares of thinkorswim rose 14 cents, or 2.3 percent, to $6.21 in early afternoon trading. Shares have traded between $4.63 and $17.77 during the past year.