Interactive Brokers Secures Uptick in DARTs, Accounts in April

Interactive Brokers was finally able to avert a monthly loss in DARTs, rebounding slightly in April.

Interactive Brokers, LLC (NASDAQ:IBKR) has just released its trading volumes for April 2016, having orchestrated a slight rise of DARTs MoM, ultimately halting a multi-month decline across its volumes, according to an Interactive Brokers’ statement.

For the month ending April 2016, the number of DARTs were reported at 662,000, which represented a climb of less than 1.0% MoM from 658,000 in March 2015 – this was further reflected by a rising performance against its 2015 counterpart, securing a margin of growth margin of 5.1% YoY from 630,000 DARTs in April 2015.

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Moreover, Interactive Brokers’ equity balance across customers’ accounts totaled $71.8 billion in April 2016, edging higher by 2.4% MoM from $70.1 billion in March 2016. This was reinforced by a 10.0% YoY growth from April 2015.

Interactive Brokers’ ending client margin loan balances came in at just $15.6 billion in April 2016, moving higher by a factor of 4.0% MoM from $15.0 billion in March 2016 – however over a yearly timeframe this figure dove by -17.0% YoY from April 2015. By extension, Interactive Brokers reported its customer accounts at 348,700 during April 2016, inching upwards by 1.2% MoM from 344,600 accounts in March 2016.

Finally, the broker saw its net new accounts fall to 4,100 during April 2016, compared to a figure of 4,900 just one month ago, or -16.3% MoM. This figure was even lower when measured against April 2015, having fallen -27.0% YoY.

IB

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