Interactive Brokers Releases Monthly Metrics For September: 1% Up MoM

A steady increase in performance across the board has materialized for Interactive Brokers during September, as the company today announced its monthly metrics.

In terms of daily average revenue trades (DARTs), the company performed almost identically this month to the , demonstrating a 1% increase to 475 thousand Daily Average Revenue Trades (DARTs). In congruence with the dynamic of the industry as a whole, this represents a 16% increase over the same period in 2012, when trading volumes were protracted industry-wide.

Trading Metrics For September 2013

The company completed September’s trading period with further increases in performance over the month before, and significant year-on-year increments, including:

• Ending customer equity of $41.4 billion, 31% higher than prior year and 4% higher than prior month.
• Ending customer margin loan balances of $12.7 billion, 38% higher than prior year and 7% higher than prior month.
• Ending  customer credit balances of $24.6 billion, 21% higher than prior year and 3% higher than prior month.

Interactive Brokers had extended margin loan facilities to its clients regardless of location, however just one month ago, was censured by the Australian regulatory authority, ASIC, for providing these facilities to Australian clients whilst the license held by the firm in that jurisdiction did not cover such activity. Subsequently, Interactive Brokers has facilities in Australia, making changes in the customer margin loan balance figure a point of interest in future months.

The company demonstrated a 1% increase in customer accounts over that of August, arriving at the end of last month with 231 thousand customer accounts, 13% higher than the prior year, and an annualized average of 471 cleared DARTs per customer account.

Figures representing average commission per cleared customer order of  $4.46, along with an average commission per futures customer order of $6.77, including exchange and regulatory fees calculated, which the company estimates to be approximately 58% of this total.

As the last quarter of 2013 commences, companies within the retail FX industry can reflect on what has most certainly been a considerable turnaround in fortune for most of 2013 so far, compared to last year’s doldrums worldwide.