Interactive Brokers Secures Uptick in DARTs, Accounts in April
- Interactive Brokers was finally able to avert a monthly loss in DARTs, rebounding slightly in April.
Interactive Brokers, LLC (NASDAQ:IBKR) has just released its trading volumes for April 2016, having orchestrated a slight rise of DARTs MoM, ultimately halting a multi-month decline across its volumes, according to an Interactive Brokers’ statement.
For the month ending April 2016, the number of DARTs were reported at 662,000, which represented a climb of less than 1.0% MoM from 658,000 in March 2015 – this was further reflected by a rising performance against its 2015 counterpart, securing a margin of growth margin of 5.1% YoY from 630,000 DARTs in April 2015.
The new world of Online Trading Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone , Fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl and marketing – register now for the Finance Magnates Tel Aviv Conference, June 29th 2016.
Moreover, Interactive Brokers’ equity balance across customers’ accounts totaled $71.8 billion in April 2016, edging higher by 2.4% MoM from $70.1 billion in March 2016. This was reinforced by a 10.0% YoY growth from April 2015.
Interactive Brokers’ ending client margin loan balances came in at just $15.6 billion in April 2016, moving higher by a factor of 4.0% MoM from $15.0 billion in March 2016 – however over a yearly timeframe this figure dove by -17.0% YoY from April 2015. By extension, Interactive Brokers reported its customer accounts at 348,700 during April 2016, inching upwards by 1.2% MoM from 344,600 accounts in March 2016.
Finally, the broker saw its net new accounts fall to 4,100 during April 2016, compared to a figure of 4,900 just one month ago, or -16.3% MoM. This figure was even lower when measured against April 2015, having fallen -27.0% YoY.
Interactive Brokers, LLC (NASDAQ:IBKR) has just released its trading volumes for April 2016, having orchestrated a slight rise of DARTs MoM, ultimately halting a multi-month decline across its volumes, according to an Interactive Brokers’ statement.
For the month ending April 2016, the number of DARTs were reported at 662,000, which represented a climb of less than 1.0% MoM from 658,000 in March 2015 – this was further reflected by a rising performance against its 2015 counterpart, securing a margin of growth margin of 5.1% YoY from 630,000 DARTs in April 2015.
The new world of Online Trading Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone , Fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl and marketing – register now for the Finance Magnates Tel Aviv Conference, June 29th 2016.
Moreover, Interactive Brokers’ equity balance across customers’ accounts totaled $71.8 billion in April 2016, edging higher by 2.4% MoM from $70.1 billion in March 2016. This was reinforced by a 10.0% YoY growth from April 2015.
Interactive Brokers’ ending client margin loan balances came in at just $15.6 billion in April 2016, moving higher by a factor of 4.0% MoM from $15.0 billion in March 2016 – however over a yearly timeframe this figure dove by -17.0% YoY from April 2015. By extension, Interactive Brokers reported its customer accounts at 348,700 during April 2016, inching upwards by 1.2% MoM from 344,600 accounts in March 2016.
Finally, the broker saw its net new accounts fall to 4,100 during April 2016, compared to a figure of 4,900 just one month ago, or -16.3% MoM. This figure was even lower when measured against April 2015, having fallen -27.0% YoY.