Interactive Brokers Reports May 2014 Trading Metrics, DARTs Decrease by 10% MoM
- The total client equity of Interactive Brokers reached $51 billion during the month of May 2014, just 3% higher than the April figure but an impressive 35% increase compared with the previous year.
Interactive Brokers Group, Inc., the American-based retail online broker and market maker, today released its electronic brokerage monthly performance metrics for May 2014, showing mixed results compared to the previous month and overall improvements on a yearly frame of reference.
Interactive Brokers reported 518,000 Daily Average Revenue Trades (DARTs) in May, 10% lower from the previous month but 2% higher compared with the same month of the previous year. The total client equity reached $51 billion during the month, just 3% higher than the April figure but an impressive 35% increase from May 2013. Client equity comprised of 259,000 accounts, 1% more than April and 16% more than the same month last year.
Other highlights from Interactive Brokers for the month of May 2014 included:
- Ending customer margin loan balances of $14.8 billion, 33% higher than prior year and 1% higher than prior month.
- Ending customer credit balances of $27.8 billion, 22% higher than prior year and 3% higher than prior month.
- 466 annualized average cleared DARTs per customer account.
- Average commission per cleared customer order of $3.90 including Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term, Clearing Clearing Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Read this Term and regulatory fees. Key products: Stocks $2.07, Equity Options $6.07, Futures $6.48.
These mixed and moderate trading metrics during May come after a very successful first quarter when Interactive Brokers' net revenue soared by 64% year- over-year.
Interactive Brokers Group, Inc., the American-based retail online broker and market maker, today released its electronic brokerage monthly performance metrics for May 2014, showing mixed results compared to the previous month and overall improvements on a yearly frame of reference.
Interactive Brokers reported 518,000 Daily Average Revenue Trades (DARTs) in May, 10% lower from the previous month but 2% higher compared with the same month of the previous year. The total client equity reached $51 billion during the month, just 3% higher than the April figure but an impressive 35% increase from May 2013. Client equity comprised of 259,000 accounts, 1% more than April and 16% more than the same month last year.
Other highlights from Interactive Brokers for the month of May 2014 included:
- Ending customer margin loan balances of $14.8 billion, 33% higher than prior year and 1% higher than prior month.
- Ending customer credit balances of $27.8 billion, 22% higher than prior year and 3% higher than prior month.
- 466 annualized average cleared DARTs per customer account.
- Average commission per cleared customer order of $3.90 including Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term, Clearing Clearing Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Read this Term and regulatory fees. Key products: Stocks $2.07, Equity Options $6.07, Futures $6.48.
These mixed and moderate trading metrics during May come after a very successful first quarter when Interactive Brokers' net revenue soared by 64% year- over-year.