Electronic brokerage firm Interactive Brokers LLC (NASDAQ:IBKR) said its trading volumes rose in January 2020 from , setting a two-year high for its Daily Average Revenue Trades (DARTs).
The busiest January on global markets in many years is raising hopes among exchanges and market venues that 2020 will spark a long-awaited rebound in trading metrics.
During January, the number of DARTs was reported at 1019,000, the highest figure since February 2018 and a rise of 32 percent month-over-month from 771,000 in December 2019. Over a year-on-year basis, Interactive Brokers saw a similar upbeat performance in its DARTs with January’s figure jumping 20 percent relative to 851,000 reported in January 2019.
In terms of equity balance in customers’ accounts during January 2020, the figure totaled $176.1 billion, up one percent on a monthly basis from $174.1 billion the previous month. Further, Interactive Brokers bested its January 2019 equivalent, having notched a 27 percent advance relative to $139.2 billion in the prior year.
ending client margin loan balances also came in at $27.3 billion in January 2020, up 12 percent month-on-month from $31.0 billion in December 2019. Across a yearly interval, the figure moved higher by 15 percent when weighed against $23.8 billion in January 2019.
Business highlights, according to the company’s press release, also showed that a total of 704,600 customer accounts were active at IB during January 2020. The figure was higher by two percent month-on-month when compared to December 2019 (689.900 accounts), and 16 percent higher year-on-year from 606,800 accounts.
On average, in January 2020 charged clients commission fees of $3.67 per order, including exchange, clearing and regulatory fees, with the key products metrics coming out at $2.40 for stocks, $5.23 for equity options and $5.5 for futures orders.
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