Interactive Brokers February DARTs down 8% Amidst Market Volatility
- The extra trading day in February over January, and market volatility, did not seem to help the IB with last month's metrics.
The online Multi-Asset Multi-Asset Composed of varying asset classes, multi-asset is a blanket designation combining different classes such bonds, equities, cash equivalents, fixed income, and alternative investments.When compared to traditional balanced funds, multi-asset solutions differ because they target specific investment outcomes. This includes outcomes such as return above inflation as opposed to gauging performance against standardized benchmarks.Given the composition of multi-asset classes, they need to be dynamically Composed of varying asset classes, multi-asset is a blanket designation combining different classes such bonds, equities, cash equivalents, fixed income, and alternative investments.When compared to traditional balanced funds, multi-asset solutions differ because they target specific investment outcomes. This includes outcomes such as return above inflation as opposed to gauging performance against standardized benchmarks.Given the composition of multi-asset classes, they need to be dynamically Read this Term brokerage under the IB brand operated by Interactive Brokers Group Inc. (NASDAQ GS: IBKR), has today released volume and key trading related metrics for February showing a mostly broad decrease across main trading segments when compared to the prior month.
Daily Average Revenue Trades (DARTs) totaled 767,000 across all clients and was lower by 8% from 830,000 in January, as well as cleared client DARTs at 706,000 down 7% from 761,000 the previous month. Cleared averaged DARTs annualized also dropped by 8% to 527 DARTs per client account despite the extra trading day that February had over January (20 vs 19 respectively).
Options contract volumes fell 16% in February when compared to the previous month as options were already intrinsically expensive from heightened implied Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term, yet was flat YoY, and futures contracts were down 6% in January while increasing 46% from February of 2015 (YoY).
The total number of shares of stocks traded was also down 9% as February was mostly volatile for global equity markets, adding to risk-aversion, with clients sitting on cash which saw the IB's equity rise by 2% to $66 billion.
In addition, the company reported that it had 340,000 client accounts at the end of February, showing a 1% increase from January 2016, and 17% higher YoY. The company traded 2.84 billion shares in February, and which was lower slightly from 2.89 billion shares traded in the previous month.
The online Multi-Asset Multi-Asset Composed of varying asset classes, multi-asset is a blanket designation combining different classes such bonds, equities, cash equivalents, fixed income, and alternative investments.When compared to traditional balanced funds, multi-asset solutions differ because they target specific investment outcomes. This includes outcomes such as return above inflation as opposed to gauging performance against standardized benchmarks.Given the composition of multi-asset classes, they need to be dynamically Composed of varying asset classes, multi-asset is a blanket designation combining different classes such bonds, equities, cash equivalents, fixed income, and alternative investments.When compared to traditional balanced funds, multi-asset solutions differ because they target specific investment outcomes. This includes outcomes such as return above inflation as opposed to gauging performance against standardized benchmarks.Given the composition of multi-asset classes, they need to be dynamically Read this Term brokerage under the IB brand operated by Interactive Brokers Group Inc. (NASDAQ GS: IBKR), has today released volume and key trading related metrics for February showing a mostly broad decrease across main trading segments when compared to the prior month.
Daily Average Revenue Trades (DARTs) totaled 767,000 across all clients and was lower by 8% from 830,000 in January, as well as cleared client DARTs at 706,000 down 7% from 761,000 the previous month. Cleared averaged DARTs annualized also dropped by 8% to 527 DARTs per client account despite the extra trading day that February had over January (20 vs 19 respectively).
Options contract volumes fell 16% in February when compared to the previous month as options were already intrinsically expensive from heightened implied Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term, yet was flat YoY, and futures contracts were down 6% in January while increasing 46% from February of 2015 (YoY).
The total number of shares of stocks traded was also down 9% as February was mostly volatile for global equity markets, adding to risk-aversion, with clients sitting on cash which saw the IB's equity rise by 2% to $66 billion.
In addition, the company reported that it had 340,000 client accounts at the end of February, showing a 1% increase from January 2016, and 17% higher YoY. The company traded 2.84 billion shares in February, and which was lower slightly from 2.89 billion shares traded in the previous month.