Do not invest more money than you can afford to lose.
Multi-asset automated brokerage Interactive Brokers (NASDAQ:IBKR) reported on Thursday it saw daily average revenue trades (DARTs) of 728,000 in November 2016, posting a growth of 21% on the month and 14% over the year. This is the third strongest month so far this year after January and February when the broker had DARTs of 830,000 and 767,000, respectively.
Cleared average DARTs per account (annualized) also increased significantly in November by a monthly 22% and an annual 16%.
The number of executed contracts grew by double digits across all segments for which the broker provided information. Interactive Brokers handled 24,564 options contracts, as well as 12,395 futures contracts and more than 14.3 million stock shares. No data was provided regarding the forex segment.
The broker performed very well in terms of customers, too. The number of client accounts it handles continued to post an increase, reaching a new record-high of 380,100 in November. This represents a slight increase of 1% from the preceding month and a 15% growth from a year earlier.
More details about Interactive Brokers’ monthly metrics since the beginning of 2016 follow:
Traders with Interactive Brokers paid last month an average commission of $4.06 per cleared order, which is higher than the amount reported in the past few months. This includes exchange, clearing and regulatory fees, which for some instruments could reach up to 57% of the total commission. More data for the commissions the broker’s clients paid in November on the most popular trading instruments follows:
November 2016 | Average commission per cleared client order | Average order size |
Stocks | $2.25 | 1,958 shares |
Equity Options | $6.22 | 9.2 contracts |
Futures | $6.72 | 3.9 contracts |
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 retail and institutional clients 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.
