Interactive Brokers’ DARTs continue to stabilize in Feb 2017

Interactive Brokers’ DARTs continue to stabilize in Feb 2017

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The daily average revenue trades (DARTs) of US multi-asset broker Interactive Brokers (NASDAQ:IBKR) continue to steadily recover after a rather slow second half of 2016. The broker reported for February 2017 DARTs of 678,000, posting a growth of 5% from January. The figure, however, represents an annual decline of 12%.

Interactive Brokers’ annualized average cleared DARTs last month was also up by a monthly 4% to 399 per client account. They, however, posted a drop of 24% from a year earlier.

In February, Interactive Brokers handled a new record-high number of accounts – 397,900. Accounts opened last month were also a record high6,700.

Clients had equity of $92.9 billion at the end of last month, which was 4% higher than in January and 41% higher on the year. Meanwhile, ending client credit balances posted a growth both on a monthly and annual basis to $43.3 billion.

On average, the broker’s clients paid a commission of $3.95 per cleared order in February. The amoung includes exchange, clearing and regulatory fees, which for some instruments could reach up to 57% of the total commission. Following are the commission fees for some of key trading instruments:

February 2017  Average Commission per Cleared Client Order  Average Order Size
 Stocks  $2.36  2,713 shares
 Equity Options  $6.01  8.3 contracts
 Futures  $6.38 3.7 contracts

More details about Interactive Brokers’ February metrics follow:

Interactive Brokers Feb 2017

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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