Interactive Brokers’ DARTs Drop in July 2016, Accounts Surge YoY

Interactive Brokers, LLC , a global electronic Multi-Asset Multi-Asset Composed of varying asset classes, multi-asset is a blanket designation combining different classes such bonds, equities, cash equivalents, fixed income, and alternative investments.When compared to traditional balanced funds, multi-asset solutions differ because they target specific investment outcomes. This includes outcomes such as return above inflation as opposed to gauging performance against standardized benchmarks.Given the composition of multi-asset classes, they need to be dynamically Composed of varying asset classes, multi-asset is a blanket designation combining different classes such bonds, equities, cash equivalents, fixed income, and alternative investments.When compared to traditional balanced funds, multi-asset solutions differ because they target specific investment outcomes. This includes outcomes such as return above inflation as opposed to gauging performance against standardized benchmarks.Given the composition of multi-asset classes, they need to be dynamically Read this Term broker and market-maker listed on the Nasdaq under ticker IBKR, has reported its volumes for the month ending July 2016, which showed mixed results across a number of notable metrics, according to an Interactive Brokers statement.

The number of Daily Average Revenue Trades (DARTs) reported by IB for the month ending July 2016 was 602,000, which represents a decrease of -6.0 percent MoM from 643,000 in June 2016 and a drop of -8.0 percent YoY compared with July 2015.

Despite the decline in DARTs over a monthly and yearly interval, the equity balance in customers’ accounts during July 2016 totaled $76.5 billion, representing an increase of 4.0 percent MoM from $73.7 billion in June 2016. In addition, Interactive Brokers bested its 2015 equivalent, having notched a gain of 16.0 percent YoY from just $65.8 billion in July 2015.

Interactive Brokers’ ending client margin loan balances also came in at $15.9 billion in July 2016, or 6.0 percent higher MoM from $15.0 billion in June 2016, though -12.0 percent lower YoY from $18.1 billion in July 2015. A total of 360,000 customer accounts were active at IB during July 2016, which is marginally higher by 1.0 percent MoM when compared to June 2016 (357,000 accounts), and 15.0 percent higher YoY from 314,000 accounts in July 2015.

On average, Interactive Brokers charged clients in July 2016 commission fees of $4.03 per order, including Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term, clearing and regulatory fees, with the key products metrics coming out at $2.25 for stocks, $6.05 for equity options and $6.64 for futures orders.

Last month, Interactive Brokers also released its Q2 2016 earnings report, which showed lower net revenues by 4.6 per cent, coming in at $369 million. In addition, the company’s income before income tax was reported at $213 million, which is lower by 11 per cent when compared to a year ago. The making segment of Interactive Brokers posted an 83 percent decrease of the income before taxes.