The electronic brokerage segment at Interactive Brokers LLC (NASDAQ:IBKR), which deals with clearance and settlement of trades for individual and institutional clients globally, today reported weak volumes for the month ending June 2019.
Interactive Brokers, whose two main divisions were online brokerage and market making before it ceased the latter last year, has won more clients, with total June’s active accounts up to 645,000, or 19 percent higher from 542,200 accounts a year ago. The figure was higher by one percent month-on-month when compared to May 2019 (638,600 accounts).
During June 2019, the number of DARTs were reported at 807,000, a fall of ten percent month-over-month from 894,000 in May 2019, which was a five-month peak. On a year-on-year basis, Interactive Brokers saw a less bleak performance in its DARTs with June’s figure virtually unchanged relative to nearly 800k transactions reported in June 2018.
In terms of equity balance in customers’ accounts during June 2019, the figure totaled $153.1 billion, an increase of 14 percent year-on-year from $134.7 billion. In addition, Interactive Brokers managed to best its May 2019 equivalent, having notched a gain of six percent from $144.2 billion in the prior month.
IB Charges $3.72 per cleared order
Interactive Brokers’ ending client margin loan balances came in at $25.7 billion in June 2019, down one percent from $25.9 billion in May 2019. Across a yearly interval, the figure moved lower by 11 percent when weighed against $28.2 billion in June 2018.
On average, in June 2019 Interactive Brokers charged clients commission fees of $3.72 per order, including Exchange , Clearing and regulatory fees, with the key products metrics coming out at $2.28 for stocks, $5.00 for equity options and $5.94 for futures orders.
Earlier in April, the UK arm of the Greenwich, Connecticut-based reported its 2018 financial results which showed a year-on-year decline in profits, falling by 18.7 percent from £10.5 million in 2017 to £8.5 million in 2018.
