Definition
Daily Average Revenue Trades – The total number of revenue-generating trades executed on a brokerage's platform during a period, divided by the number of trading days in that period. Tracked separately by asset class (equities, options, cryptocurrencies) since each carries a different take rate» per trade, so a jump in total trading volume can come from a shift toward (or away from) the asset class that actually monetizes best, not just from more customers trading. Found In: MD&A (operating metrics disclosure)