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.

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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.

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