Interactive Brokers, LLC , a global electronic multi-asset broker and market-maker listed on the Nasdaq under ticker IBKR, has reported its volumes for the month ending July 2016, which showed mixed results across a number of notable metrics, according to an Interactive Brokers statement.
The number of Daily Average Revenue Trades (DARTs) reported by IB for the month ending July 2016 was 602,000, which represents a decrease of -6.0 percent MoM from 643,000 in June 2016 and a drop of -8.0 percent YoY compared with July 2015.
Despite the decline in DARTs over a monthly and yearly interval, the equity balance in customers’ accounts during July 2016 totaled $76.5 billion, representing an increase of 4.0 percent MoM from $73.7 billion in June 2016. In addition, Interactive Brokers bested its 2015 equivalent, having notched a gain of 16.0 percent YoY from just $65.8 billion in July 2015.
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Interactive Brokers’ ending client margin loan balances also came in at $15.9 billion in July 2016, or 6.0 percent higher MoM from $15.0 billion in June 2016, though -12.0 percent lower YoY from $18.1 billion in July 2015. A total of 360,000 customer accounts were active at IB during July 2016, which is marginally higher by 1.0 percent MoM when compared to June 2016 (357,000 accounts), and 15.0 percent higher YoY from 314,000 accounts in July 2015.
On average, Interactive Brokers charged clients in July 2016 commission fees of $4.03 per order, including exchange, clearing and regulatory fees, with the key products metrics coming out at $2.25 for stocks, $6.05 for equity options and $6.64 for futures orders.
Last month, Interactive Brokers also released its Q2 2016 earnings report, which showed lower net revenues by 4.6 per cent, coming in at $369 million. In addition, the company’s income before income tax was reported at $213 million, which is lower by 11 per cent when compared to a year ago. The making segment of Interactive Brokers posted an 83 percent decrease of the income before taxes.