Abstract:Interactive Brokers (Nasdaq: IBKR), a major American electronic trading platform , has released on Friday some monthly operating metrics for March, noting a decrease in the Daily Average Revenue Trades (DARTs).
Interactive Brokers Witnesses a MoM Decrease in DARTs during March
Ending client equity was $355.9 billion for the period.
According to the figures unveiled by the company, it was reported 2.456 million DARTs, which is 18% lower than the prior year and 2% than the prior month. Also, ending client equity was $355.9 billion, representing an 8% higher than 2021 and 2% higher than February.
In terms of ending client margin loan balances, it was $48.2 billion, which is 14% higher than the prior year and 2% lower than the prior month. Ending client credit balances were $92.5 billion, including $2.2 billion in insured bank deposit sweeps than the prior year and 4% higher than the prior month.
Moreover, Interactive Brokers reported 1.81 million client accounts, 36% higher than 2021 and 3% higher than February, as well as 306 annualized average cleared DARTs per client account. Also, the average commission per cleared Commissionable Order was $2.68, including exchange , clearing, and regulatory fees.
IBKR January's Figures
In Januarys metrics, the group company ended with 1.73 million client accounts, which is an increase of 3 percent from the prior month and a 45 percent improvement from the previous year.
Client equity on the platform came in at $352.5 billion, which is 12% higher than the previous year but 6% lower than the previous month. In addition, the client margin loan balance witnessed a 23% yearly increase to $50.1 billion but came in 8% lower than the previous month. Moreover, it ended the month with $89.3 billion in client credit balances, which is 8% higher than the previous year and 3% more than the previous month.
The American broker operates globally in all major markets, offering trading instruments in all popular asset classes.
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