Interactive Brokers reports small decline in April DARTs

Interactive Brokers reports small decline in April DARTs

Interactive Brokers

US multi-asset brokerage Interactive Brokers (NASDAQ:IBKR) reported an almost negligent decline in its April client Daily Average Revenue Trades (DARTs) (executed client orders).

According to the company data, their total number stood at 645 000, down 1% from March and 3% from April 2016. The number is the lowest since the beginning of the year, with February being the best month so far, with 678 000 DARTs.

The weak results could be partially explained with the smaller number of US trading days in April – 19 – but then again February also had 19 trading days, yet has the largest number of DARTs.

Interactive Brokers’ report reveals that the total number of client accounts stood at 410 800 – a net gain of 5000 from March and an 18% increase on an annual basis. When compared to the growth rate of the previous months of 2017, however, it is declining.

At the same time the company reports a 3% rise in client equity (End of period data, excluding non-customer balances) from March and a 38% increase from last April. According to the data, the sum reached $99.3 billion and has been growing steadily since the beginning of the year.

The trading metrics of the brokerage are much in tune with the Q1 2017 report of declining net revenues and income, when compared to the same period of last year.

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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