North American retail FX conglomerate Interactive BROKERS Group, Inc. (NASDAQ GS:IBKR) has announced its monthly performance metrics relating to electronic brokerage activity for the month of August 2014.
Highlights for the month included 495,000 Daily Average Revenue Trades (DARTs), 5% higher than prior year and 6% lower than prior month, July being a particularly poignant month in which Interactive Brokers reported an increase in volumes by 7% over the previous month during a time when many firms were busily engaged in reporting downturns in trading activity worldwide.
In August this year, Interactive Brokers completed the month with an ending customer equity of $55.7 billion, an astonishing 40% higher than prior year considering the contrast between this year and 2013 with regard to trading activity across all market segments in the FX industry worldwide.
Customer equity in August climbed 4% above that of July this year. Ending customer margin loan balances weighed in at $16.6 billion in August, 39% higher than prior year and 4% higher than prior month.
Ending customer credit balances of $29.5 billion were recorded by Interactive Brokers for August this year, 24% higher than prior year and 4% higher than prior month, and the company was responsible for 269 thousand customer accounts as of the end of August, 17% higher than prior year and 1% higher than prior month, with 421 annualized average cleared DARTs per customer account.
Average commission per cleared customer order stood at $4.30 in August this year, including exchange, clearing and regulatory fees.
At a time when many FX firms are experiencing continual low volumes, and more specifically, that many of Interactive Brokers’ former compatriots have exited the US market altogether, these results serve to reinforce the notion that Interactive Brokers remains a dominant company which is weathering difficult times with verve and vigor.