Interactive Brokers Reports September 2015 Volumes, DARTs in Retreat

Interactive Brokers, LLC (NASDAQ:IBKR) has reported its volumes for the month ending September 2015, underpinned by a decline in key metrics compared with August, according to an Interactive Brokers’ statement.

For the month ending September 2015, the number of DARTs were reported at just 662,000, which constituted a fall -10.2% MoM from 737,000 in August 2015, despite being 15% higher YoY from September 2014.

In addition, the lower DARTs were exacerbated by diminishing the equity balance in customers’ accounts that totaled $62.1 billion in September 2015 – this represents a decline of -1.3% from $62.9 billion in August 2015. Much like its DARTs however, September 2015 managed to best its 2014 equivalent, with the equity balance soaring 13% YoY from September 2014.

Interactive Brokers’ ending client margin loan balances came in at just $15.8 billion in September 2015, or -3.1% lower MoM from $16.3 billion in August 2015, which swelled to a loss of -9.0% YoY from September 2014. A total of 321,800 customer accounts have been active at the brokerage during September 2015, which is higher by 1.4% MoM when compared to August 2015 (314,400 accounts), and 18% higher YoY from September 2014.

Finally, average commissions per cleared customer order totaled $3.92 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, with the key products metrics coming out at $2.00 for stocks, $6.54 for equity options and $6.45 for futures orders.

Interactive Brokers (NASDAQ:IBKR) share prices were down on the announcement, falling to $30.94 during US trading or -1.09% Thursday. The stock sits well below its July 2015 peak that topped out at a 52-week high of $45.95.