US is still a land of opportunity! Interactive Brokers revenues continue to rise

Following LeapRate’s report of prominent American retail FX giant Interactive Brokers’ corporate earnings for the second quarter of 2014 in which an increase in revenues was declared at a time when many firms are experiencing low trading activity, the company has released its trading metrics for the month of July, which also depict an increase in volumes.

Remarkably, the company completed July with a 7% higher number of daily average revenue trades (DARTs) than the previous month.

This also equated to a 14% increase over July 2013’s figures, which is interesting indeed considering that last summer heralded record figures for most firms across the globe.

America’s retail FX sector has been the subject of many exits by a great number of companies, leaving a handful of large publicly-listed retail firms to serve the domestic client base, however with Interactive Brokers’ (NASDAQ:IBKR) increases in trading volumes during a time which has produced low returns across the globe, it is clear that America still offers good business potential to retail firms despite the high costs associated with complying with regulations.

The company completed July with a customer equity of $53.7 billion, 37% higher than prior year and flat to prior month, and margin loan balances of $15.9 billion, 38% higher than prior year and 3% higher than prior month.

Customer credit balances for July amounted to $28.5 billion, 21% higher than prior year and 1% higher than prior month.

As of July 31, Interactive Brokers had 266 thousand customer accounts, which is 17% higher than prior year and 1% higher than prior month, as well as 459 annualized average cleared DARTs per customer account.


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