Interactive Brokers Reveals Mixed Metrics for August 2018

During August 2018, total client DARTs were reported at 741,000.

Electronic brokerage segment at Interactive Brokers LLC (NASDAQ:IBKR), which deals with clearance and settlement of trades for individual and institutional clients globally, has showed mixed performance in August.

During August 2018, total client DARTs came in at 741,000, a fall of 1 percent month-over-month from ‎748,000‎ in July 2018. On a year-on-year basis, Interactive Brokers saw a better performance in its DARTs with August’s figure jumping approximately 6 percent relative to 696,000 reported in August 2017.

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In terms of equity balance in customers’ accounts during August 2018, the figure totaled $141.1 billion, an increase of 25.0 percent year-on-year from $112.8 billion. In addition, Interactive Brokers managed to best its July 2018 equivalent, having notched a gain of 2 percent from $138.2 billion in the prior month.

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Interactive Brokers’ ending client margin loan balances came in at $29.1 billion in August 2018, down 2 percent from ‎$28.2 billion in July 2018. Across a yearly interval, the figure moved higher by 20.0 percent when weighed against ‎$24.3 billion in August 2017.

Business highlights, according to the company’s press release, also showed that a total of 565,800 customer accounts were active at IB during August 2018. The figure was higher by 2.0 percent month-on-month when compared to July 2018 (‎555,400 ‎accounts), and 26.0 percent higher from 448,000 accounts a year ago.

On average, in August 2018 Interactive Brokers charged clients commission fees of $3.77 per order, including exchange, clearing and regulatory fees, with the key products metrics coming out at $2.31 for stocks, $5.26 for equity options and $6.42 for futures orders.

Earlier in July, Interactive Brokers reported strong revenue and income for the second quarter, with both seeing double-digit year-on-year gains. Net revenues were $445 million, an increase of 13 percent from the same period in 2017. In the second quarter of 2018 income before income taxes was up almost 25 percent to $271 million, compared to 2017 which was $204 million.

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