Interactive Brokers Reports July 2015 Volumes, DARTs Surge MoM

Interactive Brokers, LLC (NASDAQ:IBKR) has revealed its volumes for the month ending July 2015, underscoring a higher performance across a few notable metrics compared with June, according to an Interactive Brokers’ statement.

For the month ending July 2015, the number of DARTs were reported at 652,000 in June 2015, corresponding to a jump of 8.7% MoM from June 2015 and 23% higher YoY from July 2014.

However, these gains were partly pared by the equity balance in customers accounts totaled $65.8 billion in July 2015, which represents a marginal decline of less than -1% from $66.0 billion in June 2015. As is the case with the rest of its business however, 2015 has been a more fruitful year for Interactive Brokers, with equity balance soaring 23% YoY from July 2014.

Interactive Brokers’ ending client margin loan balances came in at $18.1 billion in July 2015, or -4.7% lower MoM from $19.0 billion in June 2015, though 14% higher YoY from July 2014. A total of 314,000 customer accounts have been active at the brokerage during July 2015, which is marginally higher by 1% MoM when compared to June 2015 (310,000 accounts), and 18% higher YoY from July 2014.

Finally, average commissions per cleared customer order totaled $4.20 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 $2.52 for stocks, $6.52 for equity options and $6.85 for futures orders.