IB Discloses Stable Volumes in October, DARTs Trapped in Tight Consolidation

The number of DARTs remained trapped within a tight range, coming in at 698,000.

Interactive Brokers LLC (NASDAQ:IBKR), a global electronic multi-asset broker and market-maker listed on Nasdaq, has just disclosed its trading volumes for the month ending October 2017, which continued to illustrate healthy results over a yearly basis, albeit locked into a tight consolidation relative to the month prior.

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During October 2017, the number of DARTs remained trapped within a tight range, coming in at 698,000, virtually unchanged from the prior three months but increased 16 percent from the comparable period in 2016.

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Despite this consolidation, the equity balance in customers’ accounts during October 2017 totaled $120.6 billion, an increase of 47.0 percent year-on-year from October 2016. In addition, Interactive Brokers bested its September 2017 equivalent, having notched a gain of 4.0 percent from just $116.0 billion in the prior month.

Interactive Brokers’ ending client margin loan balances registered $25.3 billion in October 2017, or 1.0 percent higher month-on-month from $25.1 billion in September 2017. Across a yearly interval, the figure moved higher by 45.0 percent when weighed against $17.45 billion in October 2016.

Business highlights, according to the company’s press release, also showed that a total of 465,000 customer accounts were active at IB during October 2017. The figure was marginally higher by 2.0 percent month-on-month when compared to September 2017 (457,000 accounts), and 24.0 percent higher from 375,000 accounts in the year earlier.

On average, in October 2017 Interactive Brokers charged clients commission fees of $3.81 per order, including exchange, clearing and regulatory fees, with the key products metrics coming out at $2.34 for stocks, $5.64 for equity options and $6.12 for futures orders.

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