Interactive Brokers Reports Another Monthly Drop in DARTs

A total of 533,000 customer accounts were active at IB during May 2018. ‎

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 May 31, 2018, which showed mixed results across both monthly and yearly intervals.

During May 2018, the number of DARTs were reported at 780,000, a fall of 4 percent month-over-month from ‎812,000‎ in April 2018. On a year-on-year basis, Interactive Brokers saw a better performance in its DARTs with May’s figure jumping approximately 16 percent relative to 675,000 reported in May 2017.

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In terms of equity balance in customers’ accounts during May 2018, the figure totaled $134.5 billion, an increase of 31.0 percent year-on-year from $103.0 billion. In addition, Interactive Brokers managed to best its April 2018 equivalent, having notched a gain of 3 percent from ‎$130.4 billion in the prior month.

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Interactive Brokers’ ending client margin loan balances came in at $31.0 billion in May 2018, up 4 percent from ‎$29.7 billion in April 2018. Across a yearly interval, the figure moved higher by 38.0 percent when weighed against ‎$22.4 billion in May 2017.

Business highlights, according to the company’s press release, also showed that a total of 533,000 customer accounts were active at IB during May 2018. The figure was higher by 1.0 percent month-on-month when compared to April 2018 (‎525,000 ‎accounts), and 27.0 percent higher from 418,000 accounts a year ago.

On average, in May 2018 Interactive Brokers charged clients commission fees of $3.84 per order, including exchange, clearing and regulatory fees, with the key products metrics coming out at $2.35 for stocks, $5.34 for equity options and $6.12 for futures orders.

Earlier in April, Interactive Brokers reported $527 million in revenues for the three months through March 2018, up 40 percent when compared to the first quarter of 2017.

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