Interactive Brokers’ October DARTs drop MoM, YoY

Interactive Brokers’ October DARTs drop MoM, YoY

Do not invest more money than you can afford to lose.


US automated forex broker Interactive Brokers (NASDAQ GS: IBKR) reported that its October client Daily Average Revenue Trades (DARTs) (executed client orders) were 603 000, dropping 7% from September and 8% from October 2015.

In terms of DARTs, October was the third weakest month since January this year, better only than August (576 000), which was the worst since the end of 2014 and July with 602 000.

The cleared average DARTs per account (Annualized) also decreased – 9% from September and 19% from last October.

The client equity Interactive Brokers held at the end of October this year was $82.2 billion, 24% higher than prior year, but 1% lower than this past September.

The total number of client accounts in October was 374 900 – up 15% from the previous October and 1% from September 2016. In October Interactive Brokers increased its client account numbers by 4500, which is 12% less than in September when the net new accounts were 5100.

Overall, it appears that in October the decline of Interactive Brokers in terms of DARTs continues. We remind you that recently the broker released its Q3 2016 results and they showed that the average daily trades in the period were 11% less than in the same quarter of last year. In Q2 2016 Interactive Brokers also reported a decline, when compared to the first quarter of 2016.

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.

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