Interactive Brokers’ DARTS fall to 641K in May 2016

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US-based automated forex broker Interactive Brokers said on Wednesday its daily average revenue trades (DARTs) numbered 641,000 in May 2016, the lowest this year. The figure represents a drop of 3% from the previous month, while posting an increase of 4% year-on-year.

Annualized average cleared DARTs was 424 per client last month, also the lowest so far in 2016.

Meanwhile, the number of client accounts with Interactive Brokers slightly went up by 1% over the month to 352,600 in May, which represents a growth of 15% on the year. Client credit balances alos increased to $39 billion at the end of last month, or 1% higher than in April and 15% up from the prior year. Meanwhile, ending client margin loan balances were $15.1 billion in May, posting a monthly decline of 3% and an annual drop of 22%.

Following are details about Interactive Brokers’ monthly metrics for the first four months of 2016:

The average commission per cleared client clients paid last month stayed flat on the month at $3.81. The amount includes exchange, clearing and regulatory fees. Commissions varied depending on the instrument type. More data for the commissions the broker’s clients paid in February on the most popular trading instruments follows:

The rest of the forex brokers are yet to publish monthly trading metrics for May.

Connecticut-based Interactive Brokers is a broker and a market maker. Through its numerous subsidiaries, the company offers online automated trading in stocks, options, futures, forex, bonds, contracts for difference (CFDs) and funds. It serves traders, investors and institutions in over 100 market across the globe.

The brokerage 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.

Source: Interactive Brokers