TD Ameritrade’s Investor Movement Index: March Numbers Rise as Low Market
Investors remain bullish as IMX trends upward for seven of the past nine
OMAHA, Neb. -- April 8, 2013
TD Ameritrade, Inc. (“TD Ameritrade”), a broker-dealer subsidiary of TD
Ameritrade Holding Corporation (NYSE:AMTD), is today revealing the Investor
Movement Index^SM score for March 2013. The Investor Movement Index, or the
IMX^SM, is a proprietary, behavior-based index created by TD Ameritrade that
aggregates Main Street investor positions and activity to measure what
investors are actually doing and how they are positioned in the markets.
The March 2013 Investor Movement Index for the five weeks ending March 28,
*Score: 5.37 (compared to 5.14 in February)
*Trend direction: Positive
*Trend length: 2 months
*Score relative to historic ranges: High
Following a spike in February, the IMX numbers for March are currently the
highest the Company has on record since June 2011, adding to an ongoing
bullish trend among the Company’s retail investor base spanning seven of the
past nine months. TD Ameritrade’s retail clients continued to rotate their
positions throughout the month, selling securities at highs and buying into
lows. March also saw an increased number of clients seeking out stocks with
higher dividend yields and holding positions with higher relative volatility
compared to that of the general market.
“March’s IMX score indicates that our retail clients remain diligent in
increasing their exposure carefully,” said Steve Quirk, senior vice president
of TD Ameritrade's Trader Group. “In this period of low volatility and a
rising market, clients are leaning toward selection of yields andindividual
The IMX value is calculated based on a complex proprietary formula. Each
month, TD Ameritrade pulls a sample from its client base of 6 million funded
accounts that includes all accounts that completed a trade in the past two
months. The holdings and positions of this statistically significant sample
are evaluated to calculate individual scores, and the median of those scores
represents the monthly IMX.
For more information on the Investor Movement Index, including historical IMX
data going back to December 2010, to view the full report from March 2013, or
to sign up for future IMX news alerts, please visit www.tdameritrade.com/IMX.
Additionally, TD Ameritrade clients can chart the IMX using the symbol $IMX in
either the thinkorswim^® or TD Ameritrade Mobile Trader platforms.
Past performance of a security, strategy or index is no guarantee of future
results or investment success.
Historical data should not be used alone when making investment decisions.
Please consult other sources of information and consider your individual
financial position and goals before making an independent investment decision.
The IMX is not a tradable index. The IMX should not be used as an indicator or
predictor of future client trading volume or financial performance for TD
For the latest TD Ameritrade news and information, follow the Company on
About TD Ameritrade Holding Corporation
Millions of investors and independent registered investment advisors (RIAs)
have turned to TD Ameritrade’s (NYSE:AMTD) technology, people and education to
help make investing and trading easier to understand and do. Online or over
the phone. In a branch or with an independent RIA. First-timer or
sophisticated trader. Our clients want to take control, and we help them
decide how — bringing Wall Street to Main Street for more than 37 years. TD
Ameritrade has time and again been recognized as a leader in investment
services. Please visit TD Ameritrade’s newsroom or www.amtd.com for more
Brokerage services provided by TDAmeritrade, Inc., member FINRA
(www.FINRA.org)/SIPC (www.SIPC.org)/NFA (www.nfa.futures.org)
TD Ameritrade, Inc.
Kim Hillyer, 402-574-6523
Director, Communications & Public Affairs
Jeff Goeser, 402-597-8464
Director, Investor Relations & Finance
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