Futu's Q4 Daily Average Revenue Trades Declined 22.2% YoY To 369,729; Total Number Of Paying Clients Increased 15% YoY, Total Number Of Registered Clients Increased 10.2% YoY, And Total Trading Volume Decreased By 12.5% YoY

Author: Benzinga Newsdesk | March 14, 2024 04:20am

Fourth Quarter and Full Year 2023 Operational Highlights

• Total number of paying clients1 increased 15.0% year-over-year to 1,710,106 as of December 31, 2023.
• Total number of registered clients2 increased 10.2% year-over-year to 3,561,966 as of December 31, 2023.
• Total number of users3 increased 10.5% year-over-year to 21.6 million as of December 31, 2023.
• Total client assets increased 16.3% year-over-year to HK$485.6 billion as of December 31, 2023.
• Daily average client assets were HK$470.3 billion in the fourth quarter of 2023, an increase of 22.8% from the same period in 2022.
• Total trading volume in the fourth quarter of 2023 decreased by 12.5% year-over-year to HK$956.6 billion, in which trading volume for U.S. stocks was HK$704.6 billion, trading volume for Hong Kong stocks was HK$237.7 billion, and trading volume for stocks under the Stock Connect was HK$10.7 billion. Total trading volume in 2023 declined 12.8% year-over-year to HK$4.2 trillion.
• Daily average revenue trades (DARTs)4 in the fourth quarter of 2023 declined 22.2% year-over-year to 369,729. DARTs in 2023 declined 27.2% year-over-year to 428,745.
• Margin financing and securities lending balance increased 24.2% year-over-year to HK$33.1 billion as of December 31, 2023.

Posted In: FUTU