Interactive Brokers Sees DARTs Drop YoY and MoM in March 2017
- Mark to market on US government securities portfolio was a loss of $1.8 million year to date for Interactive Brokers.
Interactive Brokers Group, Inc. (NASDAQ:IBKR), the publicly-listed global electronic Multi-Asset Multi-Asset Composed of varying asset classes, multi-asset is a blanket designation combining different classes such bonds, equities, cash equivalents, fixed income, and alternative investments.When compared to traditional balanced funds, multi-asset solutions differ because they target specific investment outcomes. This includes outcomes such as return above inflation as opposed to gauging performance against standardized benchmarks.Given the composition of multi-asset classes, they need to be dynamically Composed of varying asset classes, multi-asset is a blanket designation combining different classes such bonds, equities, cash equivalents, fixed income, and alternative investments.When compared to traditional balanced funds, multi-asset solutions differ because they target specific investment outcomes. This includes outcomes such as return above inflation as opposed to gauging performance against standardized benchmarks.Given the composition of multi-asset classes, they need to be dynamically Read this Term broker and market-maker, has reported its volumes for the month ending March 2017, showing a weak performance with regard to its Daily Average Revenue Trades (DARTs).
During the period, the number of DARTs were reported at just 649,000, which correlated to a decline of 1 percent year-on-year from March 2016. Looking on a month-on-month basis, Interactive Brokers suffered a bigger decline, 4 percent from February 2016, which was relatively stronger for the company. It also reported 375 annualized average cleared DARTs per client account.
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Other metrics reported by Interactive Brokers for March 2017 were more positive. Ending client equity was $96.8 billion, 38 percent higher than the prior year and 4 percent higher than the prior month. Ending client margin loan balances was $20.9 billion, 39 percent higher than the prior year and 7 percent higher than the prior month. Ending client credit balances stood at $43.8 billion, 16 percent higher than the prior year and 1 percent higher than the prior month.
Business highlights, according to the company’s press release, also showed that a total of 406,000 customer accounts were active at Interactive Brokers during March 2017. The figure was marginally higher by 2.0 percent month-on-month, and 18.0 percent higher year-on-year.
On average, Interactive Brokers charged clients in March 2017 commission fees of $4.12 per order, 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 and regulatory fees, with the key products metrics coming out at $2.43 for stocks, $6.21 for equity options and $6.80 for futures orders.
During March Interactive Brokers announced that it will stop its options market making activities globally. The firm has been executing its pricing via its Timber Hill companies.
Interactive Brokers Group, Inc. (NASDAQ:IBKR), the publicly-listed global electronic Multi-Asset Multi-Asset Composed of varying asset classes, multi-asset is a blanket designation combining different classes such bonds, equities, cash equivalents, fixed income, and alternative investments.When compared to traditional balanced funds, multi-asset solutions differ because they target specific investment outcomes. This includes outcomes such as return above inflation as opposed to gauging performance against standardized benchmarks.Given the composition of multi-asset classes, they need to be dynamically Composed of varying asset classes, multi-asset is a blanket designation combining different classes such bonds, equities, cash equivalents, fixed income, and alternative investments.When compared to traditional balanced funds, multi-asset solutions differ because they target specific investment outcomes. This includes outcomes such as return above inflation as opposed to gauging performance against standardized benchmarks.Given the composition of multi-asset classes, they need to be dynamically Read this Term broker and market-maker, has reported its volumes for the month ending March 2017, showing a weak performance with regard to its Daily Average Revenue Trades (DARTs).
During the period, the number of DARTs were reported at just 649,000, which correlated to a decline of 1 percent year-on-year from March 2016. Looking on a month-on-month basis, Interactive Brokers suffered a bigger decline, 4 percent from February 2016, which was relatively stronger for the company. It also reported 375 annualized average cleared DARTs per client account.
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Other metrics reported by Interactive Brokers for March 2017 were more positive. Ending client equity was $96.8 billion, 38 percent higher than the prior year and 4 percent higher than the prior month. Ending client margin loan balances was $20.9 billion, 39 percent higher than the prior year and 7 percent higher than the prior month. Ending client credit balances stood at $43.8 billion, 16 percent higher than the prior year and 1 percent higher than the prior month.
Business highlights, according to the company’s press release, also showed that a total of 406,000 customer accounts were active at Interactive Brokers during March 2017. The figure was marginally higher by 2.0 percent month-on-month, and 18.0 percent higher year-on-year.
On average, Interactive Brokers charged clients in March 2017 commission fees of $4.12 per order, 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 and regulatory fees, with the key products metrics coming out at $2.43 for stocks, $6.21 for equity options and $6.80 for futures orders.
During March Interactive Brokers announced that it will stop its options market making activities globally. The firm has been executing its pricing via its Timber Hill companies.