Interactive Brokers’ DARTs flat m/m, up 7% y/y in June 2016

Interactive Brokers’ DARTs flat m/m, up 7% y/y in June 2016

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US automated forex broker Interactive Brokers handled client Daily Average Revenue Trades (DARTs) of 643,000 in June 2016, which is relatively unchanged from a month earlier when the broker posted the lowest value since the beginning of the year, the broker said last week.  The figure represents an annual growth of 7%.

Annualized cleared DARTs per client account also went down to an average 419 in June, down from 424 a month earlier and 447 a year earlier.

The total number of client accounts the broker handled continued to grow last month, reaching it highest number so far of 356,800. In comparison, in May client accounts were 352,600 and in June the previous year they numbered 309,500. In June, net new accounts opened with Interactive Brokers were 4,200.

Client credit balances amounted to $38,7 billion at the end of last month, or 1% lower than in May and 16% higher than a year earlier. Meanwhile, ending client margin loan balances amounted to $15.0 billion last month, which is lower both over the month and year-on-year by 1% and 21%, respectively.  More details about Interactive Brokers’ monthly metrics since the beginning of 2016 follow:Interactive Brokers June 2016

On average, in June Interactive Brokers charged clients commission fees of $4.11 per order, which included exchange, clearing and regulatory fees, which together account for about 57% of the commission. A month earlier the average commission per order stood at $3.81. 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:

June 2016

Average Commission per Cleared Client Order

Average Order Size




Equity Options


8.6 contracts



3.8 contracts

The broker said it has altered its global currency exposure by adding Chinese renminbi (CNH), and removing South Korean won (KRW) and Brazilian real (BRL) from its offering. As a result, its new composition contains 15 currnecies, or one fewer than before. On average, nearly half of the broker’s equity is denominated in currencies other than the US dollar (USD).

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 hold licenses by the relevant authorities in the US and the UK.

Source: Interactive Brokers

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