By Jeff Patterson
Interactive Brokers, LLC (NASDAQ:IBKR) has reported its volumes for the month ending September 2015, underpinned by a decline in key metrics compared with August, according to an Interactive Brokers’ statement.
For the month ending September 2015, the number of DARTs were reported at just 662,000, which constituted a fall -10.2% MoM from 737,000 in August 2015, despite being 15% higher YoY from September 2014.
In addition, the lower DARTs were exacerbated by diminishing the equity balance in customers’ accounts that totaled $62.1 billion in September 2015 – this represents a decline of -1.3% from $62.9 billion in August 2015. Much like its DARTs however, September 2015 managed to best its 2014 equivalent, with the equity balance soaring 13% YoY from September 2014.
Interactive Brokers’ ending client margin loan balances came in at just $15.8 billion in September 2015, or -3.1% lower MoM from $16.3 billion in August 2015, which swelled to a loss of -9.0% YoY from September 2014. A total of 321,800 customer accounts have been active at the brokerage during September 2015, which is higher by 1.4% MoM when compared to August 2015 (314,400 accounts), and 18% higher YoY from September 2014.
Finally, average commissions per cleared customer order totaled $3.92 including exchange, clearing and regulatory fees, with the key products metrics coming out at $2.00 for stocks, $6.54 for equity options and $6.45 for futures orders.
Interactive Brokers (NASDAQ:IBKR) share prices were down on the announcement, falling to $30.94 during US trading or -1.09% Thursday. The stock sits well below its July 2015 peak that topped out at a 52-week high of $45.95.