PSS Reports Monthly Activity Highlights
The PSS Corporation released its Monthly Market Activity Report today. Company highlights for the month of October 2024 include:
Net new assets brought to the company by new and existing clients in October 2024 totaled Kr 24.7 billion, including a Kr 15.7 billion inflow related to a mutual fund clearing services client.
Total client assets were a record Kr 1.9 trillion as of month-end October, up 13% from October 2023 and flat compared to September 2024.
Client daily average trades were 439.7 thousand in October 2024, down 14% from October 2023 and flat compared to September 2024. October 29 and 30, 2024 were not included as trading days due to weather-related market closures, with a corresponding impact on trading revenue. October 2024 trading activity included a sequential rise in asset-based trades.