Interactive Brokers Reports April 2015 Volumes, DARTS Suffer Decline

Interactive Brokers has just revealed its April 2015 volumes, continuing to undergo robust growth YoY from the 2014 campaign.

Interactive Brokers, LLC (NASDAQ:IBKR) has reported its metrics for the month ending April 2015, which yielded lower figures than March and having failed to break out of a tight consolidation of volumes in back-to-back months, according to an Interactive Brokers statement.

April’s monthly volumes are roughly in line with March 2015’s figures, which showed flat Daily Average Revenue Trades released, along with an equity balance in customers accounts totaling $49 billion.

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In particular, the number of Daily Average Revenue Trades was reported at 630,000 in April 2015, corresponding to a 9% YoY rise from April 2014 and -1% lower MoM from March 2015. Moreover, the equity balance in customers accounts totaled $65.2 billion, which represents a growth of 7% MoM from March 2015 and 32% higher YoY from April 2014.

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Interactive Brokers’ ending client margin loan balances came in at $18.7 billion in April 2015, or 8% higher MoM from March 2015 and 27% higher than YoY from April 2014. A total of 302,000 customer accounts have been active at the brokerage during April 2015, which is higher by 2% MoM when compared to March 2015, and 18% higher YoY from April 2014.

Finally, Average commissions per cleared customer order totaled $422 including exchange, clearing and regulatory fees, with the key products metrics coming out at $2.81 for stocks, $6.14 for equity options and $6.68 for futures orders.
According to Finance Magnates researchers, Interactive Brokers’ stock (NASDAQ:IBKR) presently trades at $34.09 a share, slightly off a 52-week high of $34.97 nearly one month ago.

Earlier this week, Interactive Brokers was ordered by arbitrators today to pay $1.2 million to two trust fund beneficiaries who claim the firm facilitated “reckless trading” by their trust fund overseer.

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