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US multi-asset brokerage Interactive Brokers (NASDAQ:IBKR) reported a 4.7% increase in the number of Daily Average Revenue Trades (DARTs) (executed client orders) for May, month-on-month. Compared to May 2016, the number of DARTs rose 5.3%.
The total number of client accounts was 418 100, with a net gain of 7300 new client accounts from April. Respectively, so did client equity (End of period data, excluding non-customer balances), which stood at $103 billion – the highest since the start of the year. Compared to last May, the sum rose 42%. Client margin loans in May 2017 stood at $22.4 billion.
The figures include all businesses of Interactive Brokers, including trading in forex, CFDs and other asset classes like stocks, options, futures, etc.
In May Interactive Brokers said it has signed a definitive agreement with Two Sigma Securities to divest its US options market-making business Timber Hill. Details of the deal were not disclosed, but the deal is expected to close in September and is subject to regulatory approvals.
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.