Interactive Brokers Reveals Flat Metrics in April, DARTs Drop YoY

On average, Interactive Brokers charged clients in April 2017 commission fees of $4.04 per order.

Interactive Brokers LLC (NASDAQ:IBKR), a global electronic multi-asset broker and market-maker listed on Nasdaq, has reported its volumes for the month ending April 2017, which showed mixed results across a number of notable metrics, according to an Interactive Brokers statement.

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During April 2017, the number of DARTs were reported at 645,000, which correlated to a decline of -3.0 percent year-on-year from 662,000 in April 2016. Over a month-on-month basis, Interactive Brokers showed a flat performance in clients’ DARTs relative to the prior month with April’s figure declining approximately 1 percent relative to 649,000 reported back in March 2017.

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Despite the decline in DARTs over a yearly interval, the equity balance in customers’ accounts during April 2017 totaled $99.3 billion, representing an increase of 38.0 percent year-on-year from $71.8 billion in the same month a year earlier. In addition, Interactive Brokers bested its March 2017 equivalent, having notched a gain of 3.0 percent month-on-month from just $96.8 billion in the prior month.

Interactive Brokers’ ending client margin loan balances also came in at $21.8 billion in April 2017, or 4.0 percent higher month-on-month from $20.9 billion in March 2017. Across a yearly interval, the figure moved higher by 40.0 percent year-on-year when weighed against $15.6 billion in April 2016.

Business highlights, according to the company’s press release, also showed that a total of 411,000 customer accounts were active at IB during April 2017. The figure was marginally higher by 1.0 percent month-on-month when compared to March 2017 (406,000 accounts), and 18.0 percent higher year-on-year from 348,000 accounts in the previous year.

On average, Interactive Brokers charged clients in April 2017 commission fees of $4.04 per order, including exchange, clearing and regulatory fees, with the key products metrics coming out at $2.33 for stocks, $6.00 for equity options and $6.56 for futures orders.

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