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Forex Trades, Accounts Rise at Interactive Brokers in March

Interactive Brokers, the Greenwich-based Forex broker, stuck to its tradition of having the lead in reporting monthly operating metrics: and so, on April 1st we have a raft of solid performance data for March.

 

The first thing that we notice straight away is that the broker continues to perform outstandingly regarding the two parameters at which it usually performs this way: the Forex trades and the customer accounts. In March, the daily average revenue trades (DARTs) reached 583,000, marking a jump of 30% from the same month in 2013. The broker says the result is flat from February levels, but in fact it is being too modest about this reading – it is higher by 2,000 trades from February when the DARTs were 581,000. 

 

The second traditionally strong aspect of Interactive Brokers' electronic brokerage business are customer accounts – client accounts last month were 252,000, up by 16% from levels recorded in March 2013 and up by 2% from February levels. 

 

You must be aware of the fact that Interactive Brokers also offers margin loans – clients use as collateral the securities they invest in thanks to the loan. In this respect, the broker also recorded a solid month: ending customer margin loan balances amounted to $14.4 billion, a rise of 30% from March 2013 and up by 1% from the reading seen in February 2014. 

 

Another crucial performance metric is the customer equity: it stood at massive $49 billion at the end of March, staging an increase of 38% against the reading from March 2013 and 1% higher than in February 2014. 

 

All of these solid metrics may be attributed to the continued efforts by Interactive Brokers to offer their clients a large variety of unique and innovative products. For that matter, let's recall that early in March the company announced the addition of the capabilities of trading platform MultiCharts .NET to its proprietary multi-asset trading platform Trader Workstation (TWS). All clients of the broker who use TWS can trade with MultiCharts free of charge – the capabilities of the popular platform are integrated into TWS and form a complement/upgrade to it. There's nothing astonishing then that clients keep flocking to Interactive Brokers.

 

 

Below you can read the official press release by the broker on March metrics.

 

Interactive Brokers Group Reports Brokerage Metrics for March 2014

 

GREENWICH, CT, April 1, 2014 - Interactive Brokers Group, Inc. (NASDAQ GS: IBKR) an automated global electronic broker and market maker, today reported its Electronic Brokerage monthly performance metrics for March.

 

Highlights for the month included:

- 583 thousand Daily Average Revenue Trades (DARTs), 30% higher than prior year and unchanged from prior month. 

- Ending customer equity of $49.0 billion, 38% higher than prior year and 1% higher than prior month.

- Ending customer margin loan balances of $14.4 billion, 30% higher than prior year and 1% higher than prior month.

- Ending customer credit balances of $26.7 billion, 19% higher than prior year and 2% higher than prior month.

- 252 thousand customer accounts, 16% higher than prior year and 2% higher than prior month.

- 530 annualized average cleared DARTs per customer account.

 

Average commission per cleared customer order of $4.14 including exchange, clearing and regulatory fees. 

 

Key products: 

Stocks $2.46

Equity Options $6.03

Futures $6.47

 

 

About Interactive Brokers Group, Inc.

 

Interactive Brokers Group, Inc., together with its subsidiaries, is an automated global electronic broker that specializes in catering to financial professionals by offering state-of-the-art trading technology, superior execution capabilities, worldwide electronic access, and sophisticated risk management tools at exceptionally low costs. 

The brokerage trading platform utilizes the same innovative technology as the Company's market making business, which executes and processes trades in securities, futures and foreign exchange instruments on more than 100 electronic exchanges and trading venues around the world. As a market maker, we provide liquidity at these marketplaces and, as a broker, we provide professional traders and investors with electronic access to stocks, options, futures, forex, bonds and mutual funds from a single IB Universal AccountSM.

 

TAGS: interactive brokers  us forex broker  interactive brokers forex  interactive brokers performance  operating metrics  operational metrics  customer accounts  forex accounts  darts  forex trades  customer equity  margin loans  march  march 2014  corporate p 

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