Interactive Brokers’ Mar 2016 DARTs falls 14% m/m, up 3% y/y

Interactive Brokers’ Mar 2016 DARTs falls 14% m/m, up 3% y/y

US-based automated forex brokerage Interactive Brokers Group said on Monday it posted a total clients daily average revenue trades (DARTs) of 658,000 in March 2016, which represents a decline of 14% over the month but an increase of 3% if compared year-on-year. Its annualized cleared DARTs averaged 446 per client account in March, down from 527 a month earlier.

The brokerage handled 344,600 client accounts in March, the highest so far, posting a slight monthly increase of 1% and a growth of 16% compared to March 2015.

Ending client equity also saw an increase of a monthly 6% and an annual 15% to $70.1 billion in March. Meanwhile, client margin loan balances amounted to $15 billion last month, which is 3% higher on the month, but which represents an annual decline of 13%. Interactive Brokers March 2016

The average commission Interactive Brokers’ clients paid in March per cleared order was $3.89, including exchange, clearing and regulatory fees. Commissions varied depending on the instrument type. Commissions on some of the most traded instruments increased, compared to a month earlier. For futures, clients paid average commission of $6.09 per cleared order, while for equity options and stocks they paid commissions of $5.90 and $2.25, respectively. The broker did not provide figures for its forex trading service.

March 2016 Average Commission per Cleared Client Order Average Order Size
Stocks $2.25 1,727 shares
Equity Options $5.90 8.7 contracts
Futures $6.09 3.6 contracts

US-based Interactive Brokers falls under the regulation of the US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). It also holds a license by the relevant authorities in the UK and Hong Kong. It has offices in the North America, Europe, Australia, and Asia.

The group companies offer trading in stocks, options, futures, forex, bonds, contracts for difference (CFDs) and funds to traders, investors and institutions in over 100 market across the globe

Source: Interactive Brokers

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