Interactive Brokers Reports October 2015 Volumes, DARTs Retreat MoM

Interactive Brokers, LLC (NASDAQ:IBKR) has reported its volumes for the month ending October 2015, which saw a tepid decrease across a number of notable metrics when compared to the month prior, according to an Interactive Brokers statement.

For the month ending October 2015, the number of Daily Average Revenue Trades (DARTs) at Interactive Brokers were reported at 655,000, which represents a decrease of -1.1% MoM from 662,000 in September 2015 and a drop of -3.7% YoY from 680,000 in October 2014.

Despite the decline in DARTs over a monthly and yearly interval, the equity balance in customers’ accounts during October 2015 totaled $66.5 billion, representing an increase of 7.1% MoM from $62.1 billion in September 2015. In addition, Interactive Brokers bested its 2014 equivalent, having notched a gain of 19.4% YoY from just $55.7 billion in October 2014.

Interactive Brokers’ ending client margin loan balances also came in at $15.5 billion in October 2015, or -1.9% lower MoM from $15.8 billion in September 2015, though -8.3% lower YoY from $16.9 billion October 2014. A total of 326,000 customer accounts have been active at the brokerage during October 2015, which is marginally higher by 1.2% MoM when compared to September 2015 (322,000 accounts), and 17.8% higher YoY from 276,000 accounts in October 2014.

Finally, average commissions per cleared customer order totaled $3.70 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 $1.98 for stocks, $6.06 for equity options and $6.30 for futures orders.

Last month, Interactive Brokers also released its Q3 2015 earnings report, underpinned by declining net revenues ($359 million) and income.

At the time of writing (Monday), Interactive Brokers is trading in positive territory, having settled at $42.31 during US trading, up 2.84% on the recent metrics release.