Interactive Brokers Reveals Mixed Metrics for August 2018

Electronic brokerage segment at Interactive Brokers LLC (NASDAQ:IBKR), which deals with clearance and settlement of trades for individual and institutional clients globally, has showed mixed performance in August.

During August 2018, total client DARTs came in at 741,000, a fall of 1 percent month-over-month from ‎748,000‎ in July 2018. On a year-on-year basis, Interactive Brokers saw a better performance in its DARTs with August’s figure jumping approximately 6 percent relative to 696,000 reported in August 2017.

In terms of equity balance in customers’ accounts during August 2018, the figure totaled $141.1 billion, an increase of 25.0 percent year-on-year from $112.8 billion. In addition, Interactive Brokers managed to best its July 2018 equivalent, having notched a gain of 2 percent from $138.2 billion in the prior month.

Interactive Brokers’ ending client margin loan balances came in at $29.1 billion in August 2018, down 2 percent from ‎$28.2 billion in July 2018. Across a yearly interval, the figure moved higher by 20.0 percent when weighed against ‎$24.3 billion in August 2017.

Business highlights, according to the company’s press release, also showed that a total of 565,800 customer accounts were active at IB during August 2018. The figure was higher by 2.0 percent month-on-month when compared to July 2018 (‎555,400 ‎accounts), and 26.0 percent higher from 448,000 accounts a year ago.

On average, in August 2018 Interactive Brokers charged clients commission fees of $3.77 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 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 $2.31 for stocks, $5.26 for equity options and $6.42 for futures orders.

Earlier in July, Interactive Brokers reported strong revenue and income for the second quarter, with both seeing double-digit year-on-year gains. Net revenues were $445 million, an increase of 13 percent from the same period in 2017. In the second quarter of 2018 income before income taxes was up almost 25 percent to $271 million, compared to 2017 which was $204 million.