One of the leading US brokerages, Interactive Brokers has released its monthly performance metrics and the results have cemented the company’s position throughout the first quarter of 2014. The consistency of the results reported indicates a solid performance in the first three months of this year.
The number of Daily Average Revenue Trades was released at 583,000, which is higher by 30% over last year’s figures and flat month-on-month. The equity balance in customers accounts totalled $49 billion, which is higher by 38% over the same period in 2013 and 1% higher than in February. Numbers related to customers’ margin loan balances were on a similar trend – up by 30% over 2013 and 1% higher than last month totalling $14.4 billion.
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A total of 252,000 customer accounts have been active at the brokerage, which is higher by 16% when compared to the same period of last year and 2% higher than in February. For every customer account there was a total of 530 cleared DARTs annually.
Average commissions per cleared customer order totalled to $4.14 including exchange, clearing and regulatory fees, with the key products metrics coming out at $2.46 for stocks, $6.03 for equity options and $6.47 for futures orders.
The first quarter of 2014 looks much better for Interactive Brokers when compared to the concluding three months of last year with the average monthly DARTs numbers being higher by almost 16%.