Report
Nicolas McBeath
EUR 85.67 For Business Accounts Only

October web-activity insights

Website activity data so far in October points towards roughly flat trading activity MOM. This is weaker than what usual seasonality patterns would imply. In 2015–2021, activity in October usually rose c8%-points more MOM than during other months of the year. Consensus brokerage estimates seem to assume a QOQ recovery in trades per day during Q4, but we find no support for this in the October data so far. As a result, we see downside risk to Q4 consensus brokerage commissions.
Underlyings
Avanza Bank Holding AB

Avanza Bank Holding is the holding company of the Avanza Bank Group. Co.'s offerings comprise of: brokerage services, which enable investments in Swedish and foreign equities, bonds, funds, derivative financial instruments including futures, warrants and options, investment advisory services, pension products, pension insurance, as well as capital insurance services. Co. targets private individuals, high net-worth customers, corporate customers, day traders, fund managers and institutions.

Provider
DnB Markets
DnB Markets

DNB Markets is the investment banking arm of DNB Bank ASA and is focused primarily on the Nordic region, as well as internationally on niches such as global shipping, energy and related services, and seafood. DNB Markets offers services in FICC, Equities and Investment Banking advisory from offices in Oslo, Stockholm, London, Singapore and New York. Equity research coverage is offered on c250 Nordic companies. DNB was ranked no.2 in Extel Nordic Research 2017. The DNB Markets’ Credit and FICC Macro & FX Research teams are repeatedly highly rated by Prospera Nordic Institutional Investor Surveys.

 

Analysts
Nicolas McBeath

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