Interactive Brokers LLC (NASDAQ:IBKR) has just disclosed its consolidated trading volumes for February, which saw a mixed performance compared to levels from a year ago but was mostly rangebound to lower across the monthly interval. The data shows that the trend of rising accounts number is still in play, though volumes were slightly interrupted as some regulatory measures dampened investors’ activities.
During February 2019, the number of DARTs were reported at 824,000, a fall of three percent month-over-month from 851,000 in January 2019. On a year-on-year basis, Interactive Brokers saw an even bleaker performance in its DARTs with February’s figure dropping approximately 19 percent relative to over a million transactions reported in February 2018.
In terms of equity balance in customers’ accounts during February 2019, the figure totaled $143.7 billion, an increase of 10 percent year-on-year from $134 billion. In addition, Interactive Brokers managed to best its January 2019 equivalent, having notched a gain of three percent from $139.2 billion in the prior month.
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Interactive Brokers’ ending client margin loan balances came in at $25.7 billion in February 2019, up eight percent from $23.8 billion in January 2019. Across a yearly interval, the figure moved lower by eight percent when weighed against $30.1 billion in February 2018.
IB Charges $3.63 per Cleared Order
Business highlights, according to the company’s press release, also showed that a total of 614,200 customer accounts were active at IB during February 2019. The figure was higher by one percent month-on-month when compared to January 2019 (606,800 accounts), and 21.0 percent higher from 507,000 accounts a year ago.
On average, in February 2019 Interactive Brokers charged clients commission fees of $3.63 per order, including exchange, clearing and regulatory fees, with the key products metrics coming out at $2.34 for stocks, $4.93 for equity options and $6.16 for futures orders.
The Greenwich, Connecticut-based company reported last month that its net revenues for Q4 2018 amounted to amounted to $492 million, lower by five percent compared with $515 million in the same period last year. Income before tax totaled $309 million, down 15 percent year-over-year from $364 million in Q4 2017.