Interactive Brokers’ June Metrics Soar: Daily Average Revenue Jumps 26%
Interactive Brokers posted significant growth in its
June 2024 performance metrics, highlighting a double-digit increase in daily
average revenue trades (DARTs) and client equity. DARTs for the period were
2.469 million, representing a 26% increase from the previous year and a 5% rise
from the prior month.
Client equity reached $497.2 billion, a 36% increase
year-over-year and a 2% uptick from the previous month. Additionally, client
margin loan balances rose to $55.1 billion, marking a 32% increase from the
previous year and a 4% rise from the prior month.
Besides that, Interactive Brokers‘ number of client accounts grew to
2.92 million, a 28% increase year-over-year and a 2% rise from the previous
month. On the other hand, client credit balances, including $4.1 billion in
insured bank deposit sweeps, remained steady with an 8% year-over-year
increase.
Interactive Brokers reported an average commission per
cleared commissionable order of $2.99, including exchange, clearing , and
regulatory fees. For stocks, the average order size of 910 shares was $1.99,
while for equity Options, the average order size of 6.9 contracts was $4.28.
Still, the average order size for 3.2 contracts of futures was $4.61, and the commissions included options on futures. Exchange, clearing, and regulatory fees accounted for 57% of the
total commissions.
Other Metrics
Interactive Brokers reported a mark-to-market gain of
$489,000 on its US government securities portfolio for the quarter ended June
30. However, the value of the GLOBAL, reported in US dollars, decreased by
0.21% in June and by 0.22% for the quarter.
Meanwhile, Interactive Brokers faces a $48 million loss after a recent incident involving a technical glitch on the New York Stock
Exchange that caused Berkshire Hathaway’s shares to plunge and triggered a chain of
events. The brokerage giant was forced to cover its customers’
trades after the NYSE declined to offer any compensation for the mishap.
Last month, Berkshire Hathaway’s class A shares, among
others, plummeted from $622,000 to $185 per share due to a technical problem on the NYSE. This substantial drop reportedly halted trading and prompted significant buy orders from Interactive Brokers’ customers, who anticipated a
favorable fill price when trading resumed.
Interactive Brokers posted significant growth in its
June 2024 performance metrics, highlighting a double-digit increase in daily
average revenue trades (DARTs) and client equity. DARTs for the period were
2.469 million, representing a 26% increase from the previous year and a 5% rise
from the prior month.
Client equity reached $497.2 billion, a 36% increase
year-over-year and a 2% uptick from the previous month. Additionally, client
margin loan balances rose to $55.1 billion, marking a 32% increase from the
previous year and a 4% rise from the prior month.
Besides that, Interactive Brokers‘ number of client accounts grew to
2.92 million, a 28% increase year-over-year and a 2% rise from the previous
month. On the other hand, client credit balances, including $4.1 billion in
insured bank deposit sweeps, remained steady with an 8% year-over-year
increase.
Interactive Brokers reported an average commission per
cleared commissionable order of $2.99, including exchange, clearing , and
regulatory fees. For stocks, the average order size of 910 shares was $1.99,
while for equity Options, the average order size of 6.9 contracts was $4.28.
Still, the average order size for 3.2 contracts of futures was $4.61, and the commissions included options on futures. Exchange, clearing, and regulatory fees accounted for 57% of the
total commissions.
Other Metrics
Interactive Brokers reported a mark-to-market gain of
$489,000 on its US government securities portfolio for the quarter ended June
30. However, the value of the GLOBAL, reported in US dollars, decreased by
0.21% in June and by 0.22% for the quarter.
Meanwhile, Interactive Brokers faces a $48 million loss after a recent incident involving a technical glitch on the New York Stock
Exchange that caused Berkshire Hathaway’s shares to plunge and triggered a chain of
events. The brokerage giant was forced to cover its customers’
trades after the NYSE declined to offer any compensation for the mishap.
Last month, Berkshire Hathaway’s class A shares, among
others, plummeted from $622,000 to $185 per share due to a technical problem on the NYSE. This substantial drop reportedly halted trading and prompted significant buy orders from Interactive Brokers’ customers, who anticipated a
favorable fill price when trading resumed.
