Interactive Broker posts positive performance for April 2012

Interactive Brokers Group an automated global electronic broker and market maker, today reported its Electronic Brokerage monthly performance metrics for April.

Highlights for the month included:

• 411,000 Daily Average Revenue Trades (DARTs), 2% higher than prior year and 1% lower than prior month.
• Ending customer equity of $29.2 billion, 12% higher than prior year and 1% higher than prior month.
• Ending customer margin loan balances of $8.7 billion, 17% lower than prior year and 4% higher than prior month.
• Ending customer credit balances of $18.8 billion, 2% higher than prior year and unchanged from prior month.
• 196 thousand customer accounts, 15% higher than prior year and 1% higher than prior month.
• 492 annualized average cleared DARTs per customer account.

Interactive Brokers recently started publishing its quarterly retail Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term profitability metrics, though calculated differently than other 'pure' forex brokers.