IB Reports April over March, DARTs -1%, Accounts +2%, Client Deposits up 1% to $49B

Greenwich-based Interactive Brokers Group Inc. (IB), reported today its Electronic Brokerage monthly performance metrics for April 2014, with increases seen across all of its reported line items except for the daily average revenue trades (DARTs) which fell by 1% over March, as trading volumes plummeted globally on decreased Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad Read this Term.

While the number of DARTs -at 576,000 for April -was down 1% Month-over-Month (MoM), on a Year-over-Year *(YoY) basis DARTs rose 20% as described in the press release. On an annualized basis, the average number of cleared DARTs per customer account was extrapolated at 518 (per client account annually). Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term Magnates reported earlier in April when IB released its Q1 totals, which showed revenue soaring as its business picked up.

The company reported 255,600 customer accounts, up by 4,000 or 2% higher than the 251,600 customer accounts reported in March, and as its client base grew at 16% YoY over last April. Customer equity at the end of April 2014 stood at $49.4 billion, up 36% YoY and 1% higher than March’s reported figure of $40 billion, and ending customer margin loan balances of $14.7 billion represented a 34% rise YoY, and 2% higher MoM. Also reported was that ending customer credit balances of $27.1 billion for April 2014 were 20% higher YoY, and 1% higher than prior month.

April also saw the same number of trading days in the US at 21, as reported by IB.

The news also follows after the company announced it's providing order routing to IEX, as covered by Forex Magnates earlier in April.