Despite the decline in DARTs, IB group secured upticks in the equity balances and customers’ accounts.
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.
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.
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.
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.
58% of UK Investors Choose Professional Guidance over 'Finfluencers’
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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