Options and stock volumes were higher, yet overall DARTs fell in March.
The Connecticut-headquartered online brokerage operator, Interactive Brokers Group, Inc., catering to clients globally including in foreign Exchange , and Equities - including in the U.S. Stock markets, today reported March trading metrics showing a 14% fall from the prior month.
The Nasdaq-listed operator, under ticker IBKR, saw the 14% fall in the Daily Average Revenue Trades (DARTs) which it said totaled 658,000 during each trading day in March, while was higher by 3% comparing the same month in 2015.
Client equity ending the month near $70.1 billion, up 6% from Februaryβs total, and higher by 15% year-over-year (YoY). The number of client accounts grew by 1% to 345,000, and was also higher YoY by 16% compared to March 2015, yet the number of net-new accounts added was slightly less by a hundred accounts from the 5000 new accounts added in the prior month.
Credit balances were reported at $37.8 billion, up 2% month-over-month (MoM), and higher by 19% YoY, according to the companyβs press release. On an annualized basis, the number of average cleared DARTs per client account totaled 446, whereas, the average commission per cleared client order was $3.89 including pass-through costs such as exchange, clearing, and regulatory fees.
The number of shares traded was higher along with options contracts, yet futures contracts had lower aggregate volume during March, when compared to the prior month. Despite the dip in DARTs during March, the number of stock shares traded rose nearly 20% to over 12 billion shares up by 1,837,145,000 from February's total. The number of option contracts traded was also higher during March, up nearly 2.9% to nearly 22.6 million from 21,635,000 contracts reported in February.
An excerpt below of one of the accompanying documents updated today by the company shows key figures for Q1, including the March totals just reported. Shares of IBKR pulled back to $39.50 from session highs, following the news, yet is still up so far as the trading session comes to a close this Friday afternoon in New York.
The Connecticut-headquartered online brokerage operator, Interactive Brokers Group, Inc., catering to clients globally including in foreign Exchange , and Equities - including in the U.S. Stock markets, today reported March trading metrics showing a 14% fall from the prior month.
The Nasdaq-listed operator, under ticker IBKR, saw the 14% fall in the Daily Average Revenue Trades (DARTs) which it said totaled 658,000 during each trading day in March, while was higher by 3% comparing the same month in 2015.
Client equity ending the month near $70.1 billion, up 6% from Februaryβs total, and higher by 15% year-over-year (YoY). The number of client accounts grew by 1% to 345,000, and was also higher YoY by 16% compared to March 2015, yet the number of net-new accounts added was slightly less by a hundred accounts from the 5000 new accounts added in the prior month.
Credit balances were reported at $37.8 billion, up 2% month-over-month (MoM), and higher by 19% YoY, according to the companyβs press release. On an annualized basis, the number of average cleared DARTs per client account totaled 446, whereas, the average commission per cleared client order was $3.89 including pass-through costs such as exchange, clearing, and regulatory fees.
The number of shares traded was higher along with options contracts, yet futures contracts had lower aggregate volume during March, when compared to the prior month. Despite the dip in DARTs during March, the number of stock shares traded rose nearly 20% to over 12 billion shares up by 1,837,145,000 from February's total. The number of option contracts traded was also higher during March, up nearly 2.9% to nearly 22.6 million from 21,635,000 contracts reported in February.
An excerpt below of one of the accompanying documents updated today by the company shows key figures for Q1, including the March totals just reported. Shares of IBKR pulled back to $39.50 from session highs, following the news, yet is still up so far as the trading session comes to a close this Friday afternoon in New York.
Cheetah Fund Investors Lose $9 Million in Alleged Fraudulent Scheme
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now π https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africaβs premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africaβs premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now π https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
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#fmas #fmas24 #fmevents #networking #finance #africa
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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