Interactive Brokers Reveals Flat Brokerage Metrics in April, DARTs Drop MoM

DARTs were reported at 812,000, a fall of 10 percent month-over-month ‎from 903,000 in March 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 April 30, 2018, which showed mixed results across both monthly and yearly intervals.

During April 2018, the number of DARTs were reported at 812,000, a fall of 10 percent month-over-month from 903,000 in March 2018. On a year-on-year basis, Interactive Brokers saw a better performance in its DARTs with April’s figure jumping approximately 26 percent relative to 645,000 reported in April 2017.

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In terms of equity balance in customers’ accounts during April 2018, the figure totaled $130.4 billion, an increase of 31.0 percent year-on-year from $99.3 billion. In addition, Interactive Brokers managed to slightly best its March 2018 equivalent, having notched a gain of less than 1 percent from $129.2 billion in the prior month.

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Interactive Brokers’ ending client margin loan balances came in at $29.7 billion in April 2018, virtually unchanged from $29.3 billion in March 2018. Across a yearly interval, the figure moved higher by 34.0 percent when weighed against $21.8 billion in April 2017.

Business highlights, according to the company’s press release, also showed that a total of 525,000 customer accounts were active at IB during April 2018. The figure was higher by 1.5 percent month-on-month when compared to March 2018 (517,000 accounts), and 28.0 percent higher from 418,000 accounts a year ago.

On average, in April 2018 Interactive Brokers charged clients commission fees of $3.88 per order, including exchange, clearing and regulatory fees, with the key products metrics coming out at $2.32 for stocks, $5.83 for equity options and $5.56 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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