Interactive Brokers Sees 18% MoM Increase in January DARTs

Interactive Brokers (Nasdaq: IBKR), a major American electronic trading platform, has released some of the key operating metrics for January, showing a monthly recovery but a drop in demand from the previous years levels.

The Daily Average Revenue Trades (DARTs) for the month came in at 2.621 million. This number has strengthened by 18 percent from the previous month but turned out to be 20 percent lower than January 2021.

Improvement in Client Metrics

The American broker operates globally in all major markets, offering trading instruments in all popular asset classes. The group company ended last month 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 percent higher than the previous year but 6 percent lower than the previous month. In addition, the client margin loan balance witnessed a 23 percent yearly increase with $50.1 billion but came in 8 percent lower than the previous month. Moreover, it ended the month with $89.3 billion in client credit balances, which is 8 percent higher than the previous year and 3 percent more than the previous month.

Further, Interactive Brokers detailed that the average commission per commissionable cleared order on the platform came in at $2.47. It includes exchange, clearing and regulatory fees.

Meanwhile, the broker closed the last quarter of 2021 with $603 million in net revenue and a pre-tax profit of $373 million. Though revenue came in almost flat, profits of the broker went down by almost 5 percent. In contrast, revenue generated from the commissions improved by 11 percent.