The globally operating electronic brokerage and market maker, Interactive Brokers Group Inc. (NASDAQ:IBKR), has reported its trading volumes for the second month of this year. For the period between the 1st and the 28th of February the company’s clients transacted 633,000 Daily Average Revenue Trades (DARTs), which is higher by 9 percent when compared to last year and lower by 5 percent when compared to January.
The figure also marks the company’s third best month since it started reporting DARTs data after the record month of October 2014 and January 2015. On average, there have been 505 annualized cleared DARTs per client account.
Ending client equity at Interactive Brokers remained steady with $60.3 billion, which is 24% higher than in the prior year and 7% higher than in January. Client margin loan balances totaled $16.6 billion, which is higher by 16% than in February 2014 and 1% higher than last month, while client credit balances totaled $31.5 billion, or 20% higher than a year ago and 3% higher than the first month of 2015.
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The company stated in its announcement on its volume metrics that there were 290,000 client accounts at the brokerage, 17% higher than at the same time last year and 2% higher than in January.
The figures reported by Interactive Brokers Group Inc. (NASDAQ:IBKR) were supported by a vibrant rally of the U.S. equities market with the Dow Jones Industrial Average and the S&P 500 hitting new highs, while the NASDAQ kept closing in on a 15-year high.
Stock market investors have been engaged in a continuous buying spree amid an ongoing expansion of major global central banks’ balance sheets, with the two active players on the market being the Bank of Japan and the European Central Bank.
Whilst the Federal Reserve communicated to the markets that it could possibly raise rates later this year, the move has remained largely data dependent.