Interactive Brokers’ DARTs Retreat in October as Volatility Normalizes

After a highly volatile September, the latest batch of volumes at Interactive Brokers took a slight step lower.

Interactive Brokers LLC (NASDAQ:IBKR) has just released its consolidated trading volumes for the month ending October 2016, which yielded a decline across its DARTs MoM – this was largely on par with the rest of the industry, as brokerage statistics have been pointed lower after what was billed as a highly volatile September.

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During October 2016, the number of DARTs were reported at 603,000, justifying a fall of -7.4% MoM from 651,000 in September 2016. The latest figures also pared a recent uptick in DARTs seen last month. This trend in October was not exclusive to Interactive Brokers however, as virtually every other retail and institutional trading venue also saw a monthly downturns in volumes relative to September.

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Over a YoY basis, Interactive Brokers saw a similar change off of its 2015 counterpart – as October 2016’s DARTs fell approximately -7.9% YoY relative to 655,000 DARTs set back in October 2015.

Delving deeper into Interactive Brokers’ other monthly metrics of interest, the group’s equity balance across customers’ accounts during October 2016 swelled to $82.2 billion, virtually unchanged MoM from $82.7 billion in September 2016. Moreover, this climb was reinforced by a surge of 23.6% YoY from $66.5 billion in October 2015, highlighting the growth in this segment at the brokerage.

Interactive Brokers’ ending client margin loan balances also managed to register a higher level in October 2016, yielding $17.5 billion for the month, edging lower by a factor of -3.3% MoM from $18.1 billion in September 2016. However, over a yearly timetable this figure was inverted, compared to just $15.5 billion in September 2015, or 12.9% YoY. Moving to its customer accounts, Interactive Brokers disclosed a figure of 375,000 during October 2016, inching higher by 1.2% MoM from 370,400 accounts in September 2016.

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