Interactive Brokers Posts Strong Business Metrics in February, DARTs Drop YoY

Interactive Brokers LLC (NASDAQ:IBKR), a global electronic Multi-Asset Multi-Asset Composed of varying asset classes, multi-asset is a blanket designation combining different classes such bonds, equities, cash equivalents, fixed income, and alternative investments.When compared to traditional balanced funds, multi-asset solutions differ because they target specific investment outcomes. This includes outcomes such as return above inflation as opposed to gauging performance against standardized benchmarks.Given the composition of multi-asset classes, they need to be dynamically Composed of varying asset classes, multi-asset is a blanket designation combining different classes such bonds, equities, cash equivalents, fixed income, and alternative investments.When compared to traditional balanced funds, multi-asset solutions differ because they target specific investment outcomes. This includes outcomes such as return above inflation as opposed to gauging performance against standardized benchmarks.Given the composition of multi-asset classes, they need to be dynamically Read this Term broker and market-maker listed on Nasdaq, has reported its volumes for the month ending February 2017, which showed mixed results across a number of notable metrics, according to an Interactive Brokers statement.

During February 2017, the number of DARTs were reported at 678,000, which correlated to a decline of -12.0 percent year-on-year from 767,000 in February 2016. Over a month-on-month basis, Interactive Brokers reversed the narrative after seeing a more upbeat performance in DARTs relative to the prior month with February's figure jumping approximately 5 percent relative to 646,000 reported back in January 2017.

Despite the decline in DARTs over a yearly interval, the equity balance in customers’ accounts during February 2017 totaled $92.9 billion, representing an increase of 41.0 percent year-on-year from $66.1 billion in the same month a year earlier. In addition, Interactive Brokers bested its January 2017 equivalent, having notched a gain of 4.0 percent month-on-month from just $89.4 billion in the prior month.

Interactive Brokers’ ending client margin loan balances also came in at $19.5 billion in February 2017, or 4.0 percent higher month-on-month from $18.7 billion in January 2017. Across a yearly interval, the figure moved higher by 34.0 percent year-on-year when weighed against $14.6 billion in February 2016.

Business highlights, according to the company’s press release, also showed that a total of 398,000 customer accounts were active at IB during February 2017. The figure was marginally higher by 2.0 percent month-on-month when compared to January 2017 (391,000 accounts), and 17.0 percent higher year-on-year from 340,000 accounts in the previous year.

On average, Interactive Brokers charged clients in February 2017 commission fees of $3.95 per order, including Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term, clearing and regulatory fees, with the key products metrics coming out at $2.36 for stocks, $6.01 for equity options and $6.38 for futures orders.