Interactive Brokers Reports April 2015 Volumes, DARTS Suffer Decline

Interactive Brokers, LLC (NASDAQ:IBKR) has reported its metrics for the month ending April 2015, which yielded lower figures than March and having failed to break out of a tight consolidation of volumes in back-to-back months, according to an Interactive Brokers statement.

April’s monthly volumes are roughly in line with March 2015’s figures, which showed flat Daily Average Revenue Trades released, along with an equity balance in customers accounts totaling $49 billion.

In particular, the number of Daily Average Revenue Trades was reported at 630,000 in April 2015, corresponding to a 9% YoY rise from April 2014 and -1% lower MoM from March 2015. Moreover, the equity balance in customers accounts totaled $65.2 billion, which represents a growth of 7% MoM from March 2015 and 32% higher YoY from April 2014.

Interactive Brokers’ ending client margin loan balances came in at $18.7 billion in April 2015, or 8% higher MoM from March 2015 and 27% higher than YoY from April 2014. A total of 302,000 customer accounts have been active at the brokerage during April 2015, which is higher by 2% MoM when compared to March 2015, and 18% higher YoY from April 2014.

Finally, Average commissions per cleared customer order totaled $422 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 Clearing Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Read this Term and regulatory fees, with the key products metrics coming out at $2.81 for stocks, $6.14 for equity options and $6.68 for futures orders.

According to Finance Magnates researchers, Interactive Brokers’ stock (NASDAQ:IBKR) presently trades at $34.09 a share, slightly off a 52-week high of $34.97 nearly one month ago.

Earlier this week, Interactive Brokers was ordered by arbitrators today to pay $1.2 million to two trust fund beneficiaries who claim the firm facilitated “reckless trading” by their trust fund overseer.