Interactive Brokers’ DARTs Impacted by Low Volatility

The MoM decline in DARTs at Interactive Brokers extended to August, despite a few positives in its latest volumes release.

Interactive Brokers, LLC (NASDAQ:IBKR) has released its consolidated trading volumes for the month ending August 2016, which again saw an unimpeded decline of DARTs MoM – the figures have been pointed lower in every month since April with the singular exception of June, according to an Interactive Brokers’ release.

Take the lead from today’s leaders. FM London Summit, 14-15 November, 2016. Register here!

Join the iFX EXPO Asia and discover your gateway to the Asian Markets

Suggested articles

Is It Worth Investing in Affiliation in 2019?Go to article >>

During August 2016, the number of DARTs were reported at just 576,000, correlating to a fall of -4.3% MoM from 602,000 in July 2016, setting a new 2016 low in DARTs. The latest figures also exacerbated a weakness by failing to meet its 2015 counterpart – indeed, August 2016’s DARTs were -22.0% lower YoY from 737,000 DARTs in August 2015.

Delving into Interactive Brokers’ other monthly metrics of note, the group’s equity balance across customers’ accounts during August 2016 grew to $80.4 billion, continuing to inch higher MoM, this time by a margin of 5.1% MoM from $76.5 billion in July 2016. Moreover, this uptick was reinforced by an uptick of 28.0 YoY from August 2015.

Interactive Brokers’ ending client margin loan balances were unable to capture a higher level in August 2016, yielding just $16.3 billion for the month, moving up by 2.5% MoM from $15.9 billion in July 2016. However, over a yearly timetable this figure was virtually unchanged YoY from August 2015. Moving to its customer accounts, Interactive Brokers disclosed a figure of 365,000 during August 2016, edging higher by a slight 1.4% MoM from 360,000 accounts in July 2016.

Got a news tip? Let Us Know