Why Interactive Brokers Group’s Commissions Fell
In the second quarter, Interactive Brokers Group (IBKR) saw daily average revenue trades (or DARTs) of 797,000 compared to 939,000 in the first quarter. The sequential fall of 15% was primarily due to lower movements in the broader markets mainly due to a settlement between the US and North Korean and the May 2018 jobs report, which reported an unemployment rate of only 3.8%. The company’s DARTs fell despite a rise of 5% in total accounts to 542,000 on a sequential basis.