Interactive Brokers Feb 2016 DARTs up 21% y/y

Interactive Brokers Feb 2016 DARTs up 21% y/y

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Interactive Brokers, a US-based automated forex broker, reported on Tuesday its Daily Average Revenue Trades (DARTs) jumped 21% on the year to 767,000 in February 2016. The figure represents a decline of 8% from the previous month, yet is higher than the broker’s strongest month in 2015 when DARTs were 737,000.The annualized cleared DARTs per client account averaged 527 last month.

Interactive Brokers handled nearly 340,000 client accounts in February, or the highest it has seen. The figure represents a growth of 17% year-on-year and 1% on the month. Net new accounts were 5,000 in February, compared to 3,600 a month earlier and 4,800 in February 2015.

Its client credit balances went up by a monthly 3% to $36.9 billion at the end of February, posting an annual increase of 17%. Meanwhile, ending client equity was $66.1 billion, or 2% up on the month and 10% higher than a year earlier.

More details about Interactive Brokers’ monthly metrics for the past 14 month, including about last month, follow:

Interactive Brokers FEB 2016

Clients of Interactive Brokers paid on average a commission fee of $3.78 per cleared order, compared to $3.9 in January. The amount includes exchange, clearing and regulatory fees. Commissions varied depending on the instrumebnt type. More data for the commissions the broker’s clients paid in February on the most popular trading instruments follows:

February 2016Average Commission per Cleared Client OrderAverage Order Size
Stocks$2.121,406 shares
Equity Options$5.758.4 contracts
Futures$5.923.5 contracts

Connecticut-based Interactive Brokers is a broker and a market maker. It, together with its numerous 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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