Interactive Brokers sees slowdown in trading activity in Sep 2015, DARTs drop 10%


Interactive Brokers Group, Inc. (NASDAQ:IBKR) has just reported the operating metrics for its electronic brokerage business for September 2015, with trading activity last month, as indicated per the number of daily average revenue trades (DARTs), failing to match the levels seen in August 2015.

Worth noting, however, is that the number of client accounts kept rising – the result in September 2015 was better in annual and monthly terms.

Regarding the volume of trades in September registered by the broker, it could be mentioned that the decline in monthly terms should have been expected, as August witnessed a rise in market volatility, whereas last month was much calmer. It is too early to talk of a broader picture regarding September FX volumes across the industry, but from the metrics reported earlier today by ECN FX platform Hotspot and the Tokyo Financial Exchange, we can say that the results reported by Interactive Brokers are in tune with the rest of the pack.

Key performance metrics for September 2015 include:

  • Daily Average Revenue Trades (DARTs) amounted to 662,000, up 15% from September 2014 and down 10% from August 2015.
  • Ending client equity of $62.1 billion, 13% higher than prior year and 1% lower than prior month.
  • Ending client margin loan balances of $15.8 billion, 9% lower than prior year and 3% lower than prior month.
  • Ending client credit balances of $35.0 billion, 18% higher than prior year and 2% lower than prior month.
  • Client accounts amounted to 322,000, 18% higher than prior year and 1% higher than prior month.
  • 475 annualized average cleared DARTs per client account.
  • Average commission per cleared client order of $3.92 including exchange, clearing and regulatory fees.

ibkr_inside_sep2015

To view the official announcement from Interactive Brokers, click here.

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Interactive Brokers sees slowdown in trading activity in Sep 2015, DARTs drop 10%

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