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 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.

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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, 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.

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