Breaking: Interactive Brokers Releases October 2014 Trading Metrics, DARTs Increase by 18% MoM

US-based retail broker Interactive Brokers Group, Inc. has released its October 2014 metrics, which were highlighted by another robust month

interactiveUS-based retail broker, Interactive Brokers Group, Inc., has released its October 2014 metrics, which were highlighted by another robust month of trading activity that notched an uptick over September.

Interactive Brokers’ metrics continued its upward trend in October following a strong September, in which the firm’s metrics successfully bounced off of lackluster summer figures. In particular, the firm reported 680,000 Daily Average Revenue Trades (DARTs) in October, 18% higher MoM from September 2014 (577,000) and 33% higher YoY from October 2013.

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Moreover, the total client equity reached $55.7 billion during October 2014, compared to $54.9 billion during September 2014, corresponding to 1% growth MoM and 29% YoY from October 2013.

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Finally, the number of total customer accounts swelled to 275,500 accounts in October 2014, up from 272,300 accounts in September 2014, or 1% higher MoM. Over a yearly time frame, October’s client accounts also grew by 18% YoY, defying an industry-wide depression in trading activity.

Futures and Options

In addition to accounts, a couple of areas that have also continued to experience staunch growth margins – options contracts rose to 32,208 contracts in October 2014, up 34% MoM and 27% YoY respectively. Alternatively, futures contracts also jumped in October 2014 to 12,629 contracts, growing 36% MoM and YoY.

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