Interactive Brokers’ DARTS Fall in December Amidst Uneven Metrics

Interactive Brokers, LLC (NASDAQ:IBKR) has reported its volumes for the month ending December 2015, which were characterized by a slight decline across key figures MoM, according to an Interactive Brokers’ statement.

For the month ending December 2015, the number of DARTs were reported at just 628,000, which corresponded to a fall -1.9% MoM – however, when weighed against its 2014 counterpart, we see a growth of 6.0% YoY from December 2014.

Moreover, Interactive Brokers’ equity balance across customers’ accounts totaled $67.4 billion in December 2015, virtually unchanged MoM from $67.3 billion in November 2015. Much like the performance across its DARTs however, December 2015 also managed to orchestrate a marked ascension over its 2014 equivalent, with the equity balance rising 19% YoY from December 2014.

Interactive Brokers’ ending client margin loan balances came in at just $17.0 billion in December 2015, or 3.0% higher MoM from $16.5 billion in November 2015, having also inched higher by 1.0% YoY from December 2014. A total of 331,000 customer accounts have also been active at the brokerage during December 2015, which is higher by 1.0% MoM when compared to November 2015 (329,100 accounts), and 18% higher YoY from December 2014.

Finally, average commissions per cleared customer order totaled $3.88 including exchange, clearing and regulatory fees, with the key product metrics coming out at $2.09 for stocks, $6.33 for equity options and $6.17 for futures orders.

Despite the relatively tepid declines MoM, Interactive Brokers (NASDAQ:IBKR) share prices were down on the announcement, falling to $42.55 during US trading or -2.41% Monday. The stock made an unsuccessful attempt at the $45.00 handle last month after robust volumes and growth, having since edged lower in an uneven consolidation. It is impossible to not connect investor reactions to the release with the widespread bearishness facing US markets today to start off 2016.

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