US forex broker Interactive Brokers DARTs post double-digit growth in Jan

US forex broker Interactive Brokers DARTs post double-digit growth in Jan

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US-based automated forex broker Interactive Brokers saw most of its metrics growing in January both on a  monthly and annual basis, data published by the broker indicated on Monday.The broker posted record-high levels of both Daily Average Revenue Trades (DARTs)  and trading accounts last month.

Its total DARTs increased by a monthly 32% to 830,000 in January 2016. On a yearly basis, the broker posted a growth of 23%.Its annualized cleared DARTs per client account averaged 575 in January, up from 436 in the previous month.

Interactive Brokers Jan 2016Interactive Brokers handled a total of 335,000 client accounts in January, after adding 3,600 new accounts that month. This is a record high level for total accounts for the broker. The figure represents an increase of 1% from the previous month and a growth of 17%, compared to the same period a year earlier.

Ending client equity also posted an increase in January to $64.8 billion, or up 4% on the month and 17% on the year. Meanwhile, ending client credit balances amounted to $35.8 billion at end-January, which is a decrease of 2% compared to December 2015, but an increase of 17% from January 2015.

Clients of Interactive Brokers paid on average a commission fee of $3.9 per cleared order. The amount includes exchange, clearing and regulatory fees. Commissions varied depending on the instrumebnt type and the highest fee of $6.31 traders paid last month on equity options orders. Data for the commissions the broker’s clients paid on the most popular trading instruments follows:

January 2016Average Commission per Cleared Client OrderAverage Order Size
Stocks$2.151,521 shares
Equity Options$6.319.5 contracts
Futures$5.973.5 contracts

Connecticut-based Interactive Brokers is a broker and a market maker. It, together with its subsidiaries, offers online automated trading of stocks, options, futures, forex, bonds, contracts for difference (CFDs) and funds to traders, investors and institutions in over 100 market across the globe. It has offices in the North America, Europe, Australia, and Asia. The group companies holds licenses by the relevant authorities in the US and the UK.

Interactive Brokers Group’s corporate structure
Interactive Brokers Group’s corporate structure

Source: Interactive Brokers

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