Interactive Brokers registers 17% Y/Y increase in DARTs in March 2024
Electronic trading major Interactive Brokers Group, Inc. (NASDAQ:IBKR) has just posted its key operating metrics for March 2024.
The broker registered 2.412 million Daily Average Revenue Trades (DARTs), 17% higher than in March 2023 and 1% lower than in February 2024.
Ending client equity was $465.9 billion, 36% higher than prior year and 4% higher than prior month, whereas ending client margin loan balances of $51.2 billion, 30% higher than prior year and 8% higher than prior month.
Interactive Brokers registered 2.75 million client accounts, 25% higher than prior year and 2% higher than prior month.
The average commission per cleared Commissionable Order was $2.89 including exchange, clearing and regulatory fees.
Interactive Brokers has recently reported its financial metrics for the fourth quarter of 2023.
Reported net revenues were $1,139 million for the fourth quarter of 2023 and $1,149 million as adjusted. Reported income before income taxes was $816 million for the final quarter of 2023 and $831 million as adjusted.
Commission revenue increased 5% from the year-ago quarter to $348 million. Customer trading volume was mixed across product types with options and futures contract volumes up 21% and 4%, respectively, while stock share volume was down 22%.
Net interest income increased 29% from the fourth quarter of 2022 to $730 million on higher benchmark interest rates, customer margin loans and customer credit balances.
