Interactive Brokers’ Volumes Jump in June 2017, Accounts Reach New Highs

On average, in June 2017 Interactive Brokers charged clients commission fees of $4.03 per order.

Interactive Brokers LLC (NASDAQ:IBKR), a global electronic multi-asset broker and market-maker listed on Nasdaq, has just disclosed its consolidated trading volumes for the month ending June 2017, which showed healthy results following what has been billed as one of the most volatile months of the year.

During June 2017, the number of DARTs were reported at 683,000, a rise of 1.0% MoM from 675,000 in May 2017. Over a year-on-year basis, Interactive Brokers saw a more upbeat performance in its DARTs with June’s figure jumping approximately 6 percent relative to 643,000 reported back in June 2016.

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Despite this advance, the equity balance in customers’ accounts during June 2017 totaled $104.8 billion, an increase of 42.0 percent year-on-year from $73.7 billion. In addition, Interactive Brokers bested its May 2017 equivalent, having notched a gain of 2.0 percent from just $103.0 billion in the prior month.

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Interactive Brokers’ ending client margin loan balances also came in at $22.7 billion in June 2017, or 1.0 percent higher month-on-month from $22.4 billion in May 2017. Across a yearly interval, the figure moved higher by 51.0 percent when weighed against $15.0 billion in June 2016.

Business highlights, according to the company’s press release, also showed that a total of 428,000 customer accounts were active at IB during June 2017. The figure was marginally higher by 2.0 percent month-on-month when compared to May 2017 (418,000 accounts), and 20.0 percent higher from 357,000 accounts year-on-year.

On average, in June 2017 Interactive Brokers charged clients commission fees of $4.03 per order, including exchange, clearing and regulatory fees, with the key products metrics coming out at $2.28 for stocks, $5.98 for equity options and $6.67 for futures orders.

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