Interactive Brokers Sees DARTs Reach 2016 Low in May
- DARTs were once again pointed lower, with May 2016 striking fresh lows for the broker.
Interactive Brokers, LLC (NASDAQ:IBKR) has reported its consolidated trading volumes for the month ending May 2016, having witnessed a marked decline of DARTs MoM – thus far, only April has seen rising figures in this space, with every other month in 2016 incurring a decline to varying degrees, according to an Interactive Brokers’ statement.
The new world of Online Trading Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Read this Term, Fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term and marketing – register now for the Finance Magnates Tel Aviv Conference, June 29th 2016.
During May 2016, the number of DARTs were reported at just 641,000, correlating to a fall of -3.2% MoM from 662,000 in April 2016, setting a new 2016 low in DARTs. The latest figures did allay this weakness by besting its 2015 counterpart – indeed, May 2016’s DARTs were 3.9% higher YoY from 617,000 DARTs in May 2015.
Looking at Interactive Brokers’ other monthly metrics of note, the group’s equity balance across customers’ accounts during May 2016 totaled $72.5 billion, continuing to inch higher MoM, this time by a factor of 1.0% MoM from $71.8 billion in April 2016. Additionally, this uptick was reinforced by a growth of 9.0% YoY from May 2015.
Interactive Brokers’ ending client margin loan balances were unable to capture a higher level in May 2016, yielding just $15.1 billion for the month, moving lower by a margin of -3.2% MoM from $15.6 billion in April 2016. However, over a yearly timetable this figure was lower by a much higher figure, -22.0% YoY from May 2015. Moving to its customer accounts, Interactive Brokers disclosed a figure of 352,600 during May 2016, edging higher by a slight 1.1% MoM from 348,700 accounts in April 2016.
Finally, Interactive Brokers reported its net new accounts of 3,900 during May 2016, which compares to a figure of 4,100 back in April 2016, -4.8% MoM. This figure was pared against its 2015 equivalent by seeing a 5.0% growth YoY in the number of net new accounts from May 2015.
Interactive Brokers, LLC (NASDAQ:IBKR) has reported its consolidated trading volumes for the month ending May 2016, having witnessed a marked decline of DARTs MoM – thus far, only April has seen rising figures in this space, with every other month in 2016 incurring a decline to varying degrees, according to an Interactive Brokers’ statement.
The new world of Online Trading Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Read this Term, Fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term and marketing – register now for the Finance Magnates Tel Aviv Conference, June 29th 2016.
During May 2016, the number of DARTs were reported at just 641,000, correlating to a fall of -3.2% MoM from 662,000 in April 2016, setting a new 2016 low in DARTs. The latest figures did allay this weakness by besting its 2015 counterpart – indeed, May 2016’s DARTs were 3.9% higher YoY from 617,000 DARTs in May 2015.
Looking at Interactive Brokers’ other monthly metrics of note, the group’s equity balance across customers’ accounts during May 2016 totaled $72.5 billion, continuing to inch higher MoM, this time by a factor of 1.0% MoM from $71.8 billion in April 2016. Additionally, this uptick was reinforced by a growth of 9.0% YoY from May 2015.
Interactive Brokers’ ending client margin loan balances were unable to capture a higher level in May 2016, yielding just $15.1 billion for the month, moving lower by a margin of -3.2% MoM from $15.6 billion in April 2016. However, over a yearly timetable this figure was lower by a much higher figure, -22.0% YoY from May 2015. Moving to its customer accounts, Interactive Brokers disclosed a figure of 352,600 during May 2016, edging higher by a slight 1.1% MoM from 348,700 accounts in April 2016.
Finally, Interactive Brokers reported its net new accounts of 3,900 during May 2016, which compares to a figure of 4,100 back in April 2016, -4.8% MoM. This figure was pared against its 2015 equivalent by seeing a 5.0% growth YoY in the number of net new accounts from May 2015.