Interactive Brokers’ Volumes Buzzing on Strong Start to 2020
- During January, the number of DARTs was reported at 1019,000, the highest figure since February 2018.
Electronic brokerage firm Interactive Brokers LLC (NASDAQ:IBKR) said its trading volumes rose in January 2020 from a month earlier, setting a two-year high for its Daily Average Revenue Trades (DARTs).
The busiest January on global markets in many years is raising hopes among exchanges and market venues that 2020 will spark a long-awaited rebound in trading metrics.
During January, the number of DARTs was reported at 1019,000, the highest figure since February 2018, and a rise of 32 percent month-over-month from 771,000 in December 2019. Over a year-on-year basis, Interactive Brokers saw a similar upbeat performance in its DARTs with January’s figure jumping 20 percent relative to 851,000 reported in January 2019.
In terms of equity balance in customers’ accounts during January 2020, the figure totaled $176.1 billion, up one percent on a monthly basis from $174.1 billion the previous month. Further, Interactive Brokers bested its January 2019 equivalent, having notched a 27 percent advance relative to $139.2 billion in the prior year.
Interactive Brokers’ ending client margin loan balances also came in at $27.3 billion in January 2020, up 12 percent month-on-month from $31.0 billion in December 2019. Across a yearly interval, the figure moved higher by 15 percent when weighed against $23.8 billion in January 2019.
Business highlights, according to the company’s press release, also showed that a total of 704,600 customer accounts were active at IB during January 2020. The figure was higher by two percent month-on-month when compared to December 2019 (689.900 accounts), and 16 percent higher year-on-year from 606,800 accounts.
On average, in January 2020, Interactive Brokers charged clients commission fees of $3.67 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 Clearing Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Read this Term and regulatory fees, with the key products metrics coming out at $2.40 for stocks, $5.23 for equity options and $5.5 for futures orders.
Electronic brokerage firm Interactive Brokers LLC (NASDAQ:IBKR) said its trading volumes rose in January 2020 from a month earlier, setting a two-year high for its Daily Average Revenue Trades (DARTs).
The busiest January on global markets in many years is raising hopes among exchanges and market venues that 2020 will spark a long-awaited rebound in trading metrics.
During January, the number of DARTs was reported at 1019,000, the highest figure since February 2018, and a rise of 32 percent month-over-month from 771,000 in December 2019. Over a year-on-year basis, Interactive Brokers saw a similar upbeat performance in its DARTs with January’s figure jumping 20 percent relative to 851,000 reported in January 2019.
In terms of equity balance in customers’ accounts during January 2020, the figure totaled $176.1 billion, up one percent on a monthly basis from $174.1 billion the previous month. Further, Interactive Brokers bested its January 2019 equivalent, having notched a 27 percent advance relative to $139.2 billion in the prior year.
Interactive Brokers’ ending client margin loan balances also came in at $27.3 billion in January 2020, up 12 percent month-on-month from $31.0 billion in December 2019. Across a yearly interval, the figure moved higher by 15 percent when weighed against $23.8 billion in January 2019.
Business highlights, according to the company’s press release, also showed that a total of 704,600 customer accounts were active at IB during January 2020. The figure was higher by two percent month-on-month when compared to December 2019 (689.900 accounts), and 16 percent higher year-on-year from 606,800 accounts.
On average, in January 2020, Interactive Brokers charged clients commission fees of $3.67 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 Clearing Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Read this Term and regulatory fees, with the key products metrics coming out at $2.40 for stocks, $5.23 for equity options and $5.5 for futures orders.