Interactive Brokers Volumes and Net Deposits Spike in August YoY
- US based multi asset broker, Interactive Brokers, has announced positive trading figures for the month of August. Both average daily trades and customer equity were up, exceeding 30% from figures reported in 2012.
Interactive Brokers (IB), a listed discount brokerage has reported trading metrics for August 2013. The thirty-six year old company that was founded by Thomas Peterffy, recorded strong gains in, customer deposits, the number of client trading accounts and average daily trading volume. The average daily trades jumped 32% and total client equity was shy of $40 billion, a 31% increase from figures reported a year earlier.
The firm continues its upbeat performance after posting half yearly gains last month, the broker saw second-quarter earnings increase 29%, this was primarily driven by increased trading activity on the back market Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term.
The firm saw net revenue increased by 8.8% to $283.9 million, additionally, IB saw its commissions and fees rise by 28%.
Trading metrics for August
• 471 thousand Daily Average Revenue Trades (DARTs), 32% higher than prior year and 1% higher than prior month.
• Ending customer equity of $39.7 billion, 31% higher than prior year and 1% higher than prior month.
• Ending customer margin loan balances of $11.9 billion, 35% higher than prior year and 3% higher than prior month.
• Ending customer credit balances of $23.8 billion, 23% higher than prior year and 1% higher than prior month.
• 229 thousand customer accounts, 12% higher than prior year and 1% higher than prior month.
• 468 annualized average cleared DARTs per customer account.
• Average commission per cleared futures* customer order of $6.32 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 and regulatory fees, which we estimate to be approximately 60% of this total.
The NASDAQ listed firms share price was in the green, trading at $16.99, the share price has seen a 24% spike since the start of 2013.
Interactive Brokers (IB), a listed discount brokerage has reported trading metrics for August 2013. The thirty-six year old company that was founded by Thomas Peterffy, recorded strong gains in, customer deposits, the number of client trading accounts and average daily trading volume. The average daily trades jumped 32% and total client equity was shy of $40 billion, a 31% increase from figures reported a year earlier.
The firm continues its upbeat performance after posting half yearly gains last month, the broker saw second-quarter earnings increase 29%, this was primarily driven by increased trading activity on the back market Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term.
The firm saw net revenue increased by 8.8% to $283.9 million, additionally, IB saw its commissions and fees rise by 28%.
Trading metrics for August
• 471 thousand Daily Average Revenue Trades (DARTs), 32% higher than prior year and 1% higher than prior month.
• Ending customer equity of $39.7 billion, 31% higher than prior year and 1% higher than prior month.
• Ending customer margin loan balances of $11.9 billion, 35% higher than prior year and 3% higher than prior month.
• Ending customer credit balances of $23.8 billion, 23% higher than prior year and 1% higher than prior month.
• 229 thousand customer accounts, 12% higher than prior year and 1% higher than prior month.
• 468 annualized average cleared DARTs per customer account.
• Average commission per cleared futures* customer order of $6.32 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 and regulatory fees, which we estimate to be approximately 60% of this total.
The NASDAQ listed firms share price was in the green, trading at $16.99, the share price has seen a 24% spike since the start of 2013.