Interactive Brokers’ Jan 2017 DARTs recover on the month, drop y/y

Interactive Brokers’ Jan 2017 DARTs recover on the month, drop y/y

US multi-asset broker Interactive Brokers (NASDAQ:IBKR) reported daily average revenue trades (DARTs) stood at 646,000 in January 2017, posting a drop of 22% on the year, yet 9% higher  than a month earlier. Annualized average cleared DARTs was also up on the year and down on the month to 385 per client account.

In 2016, the highest monthly DARTs the broker had were 830,000 and was reported in January, and the lowest value  of 576,000 DARTs was registered in August. The total represented an increase of 2% from the previous month and a jump of 17% year-on-year.

Interactive Brokers handled 391,200 client accounts in January, of which 6,100 were opened during the month.

The broker handled last month more than 14.1 million stock share contracts, which was a double-digit growth on a monthly and annual basis. However, the number of option and futures contracts in January went down to 21,832 and 8,700, respectively.

In January, Interactive Brokers’ client equity stood at $89.4 billion and client credits were $42.5 billion, both growing by a double-digit on the year and a single one from the preceding month.

More details about Interactive Brokers’ January metrics follow:

Interactive Brokers jan 2017

The average commission Interactive Brokers clients paid last month slightly went down to $3.9 per cleared order.  This amount exchange, clearing and regulatory fees, which for some instruments could reach up to 58% of the total commission. More data for the commissions the broker’s clients paid in December on the most popular trading instruments follows:

January 2017 Average Commission per Cleared Client Order Average Order Size
 Stocks $2.26 2,260 shares
 Equity Options $5.95 8.4 contracts
 Futures $6.093.5 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.

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