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

The online multi-asset 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).

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

Suggested articles

What to Look for in a Liquidity ProviderGo to article >>

Options contract volumes fell 16% in February when compared to the previous month as options were already intrinsically expensive from heightened implied volatility, 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.

Got a news tip? Let Us Know