Interactive Brokers Reports Mixed Metrics for November

Interactive Brokers’ ending client margin loan balances came in at $28.3 billion in November.

Interactive Brokers LLC (NASDAQ:IBKR) has just disclosed its consolidated trading volumes for November, which posted strong gains from year-ago levels but was mostly rangebound to lower across the monthly interval. The data shows that the trend of rising volumes is still in play, though it was slightly interrupted as some regulatory measures dampened investors’ activities.

During November 2018, the number of DARTs were reported at 907,000, a fall of eight percent month-over-month from ‎799,000‎ in October 2018. On a year-on-year basis, Interactive Brokers saw a better performance in its DARTs with November’s figure jumping approximately 14 percent relative to 795,000 reported in November 2017.

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In terms of equity balance in customers’ accounts during November 2018, the figure totaled $136.2 billion, an increase of 12 percent year-on-year from $121.6 billion. In addition, Interactive Brokers managed to best its October 2018 equivalent, having notched a gain of two percent from ‎$133.9 billion in the prior month.

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Interactive Brokers’ ending client margin loan balances came in at $28.3 billion in November 2018, down two percent from ‎$28.8 billion in October 2018. Across a yearly interval, the figure moved higher by four percent when weighed against ‎$27.1 billion in November 2017.

IB Charges $3.81 per Cleared Order

Business highlights, according to the company’s press release, also showed that a total of 592,600 customer accounts were active at IB during November 2018. The figure was higher by one percent month-on-month when compared to October 2018 (‎585,100 ‎accounts), and 25.0 percent higher from 474,000 accounts a year ago.

On average, in November 2018 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 $2.33 for stocks, $5.33 for equity options and $6.28 for futures orders.

The Greenwich, Connecticut-based company reported last month that its net revenues for Q3 2018 amounted to $439 million, higher by 3.5 percent compared with $426 million in the same period last year. Income before tax totaled $276 million, up 2.9 percent year-over-year (from $268 million).

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