Interactive Brokers’ DARTs remain stable in Mar 2017, despite decline

Interactive Brokers’ DARTs remain stable in Mar 2017, despite decline

US multi-asset brokerage Interactive Brokers (NASDAQ:IBKR) generated a stable daily average revenue trades (DARTs) of 649,000. The figure represents a decline of 4% on a monthly basis and 1% over the year, but it is still at a stable level.

The broker saw annualized average cleared DARTs at 375 per client account, which is down by 6% on the month and 16% below the levels reported a year earlier.

Interactive Brokers handled 405,800 client accounts at the end of March, after adding 7,900 last month alone. New accounts reached a new record-high and posted a double-digit growth both over the month and on the year of 18% and 61%, respectively.

Client equity grew to $92.9 billion at the end of last month, while, ending client credit balances went up to $43.8 billion.

Interactive Brokers DARTs Mar 2017

The broker’s clients paid in March an average commission of $4.12 per cleared order. The amount 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:

March 2017 Average Commission per Cleared Client Order Average Order Size
 Stocks$2.432,623

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 Equity Options$6.21 8.5 contracts
 Futures $6.83.9 contracts

As of March, the broker ceased offering options market making services on a global scale and decided to focus on more profit-making business segments.

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 120 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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