Interactive Brokers Reports January Metrics: 11% increase on DARTs

Interactive
Brokers Group, Inc. (Nasdaq: IBKR) has released its Electronic Brokerage
monthly performance metrics for January, showcasing robust growth and steady
financial indicators.

Client
Margin Loan Balances Remain Steady as Client Credit Balances Rise

The
firm reported 2.201 million Daily Average Revenue Trades (DARTs), marking an
impressive 11% increase compared to the previous year and a substantial 12% upsurge
over the prior month. Additionally, the company recorded ending client equity
totaling $424.0 billion, reflecting a notable 26% surge from the previous year
and maintaining stability compared to the prior month.

Ending
client margin loan balances stood at $44.3 billion, exhibiting a solid 12%
increase from the prior year and remaining steady compared to the preceding
month. Moreover, client credit balances, inclusive of $3.8 billion in insured
bank deposit sweeps, reached $102.5 billion. This reflects a 3% uptick from the
previous year, albeit experiencing a slight 2% dip compared to the prior month.

The
company reported a substantial growth in client accounts, totaling 2.63
million, marking a notable 23% increase from the previous year and a modest 2%
rise from the preceding month. On average, clients executed 190 annualized
average cleared DARTs per account.

The
average commission per cleared Commissionable Order amounted to $3.03, which
includes exchange, clearing, and regulatory fees. Notably, for futures, which include
options on futures, the estimated exchange, clearing, and regulatory fees
comprise 56% of the futures commissions.

Interactive Brokers’ Revenue and Income Surge in Q4

Earlier, Finance Magnates
reported that Interactive
Brokers’ financial report for Q4 2023 demonstrated impressive growth
in key
areas. The company’s net revenue surged to $1.139 billion, showing a
substantial increase compared to the previous year. Moreover, income before tax
witnessed a remarkable rise to $816 million, reflecting a strong financial
performance.

Notably, commission revenue experienced a commendable 5% uptick,
reaching $348 million. The company also saw significant growth in net interest
income, which soared by 29% to $730 million. These positive indicators
underscore Interactive Brokers’ continued success and financial stability in
the brokerage industry.

Interactive
Brokers Group, Inc. (Nasdaq: IBKR) has released its Electronic Brokerage
monthly performance metrics for January, showcasing robust growth and steady
financial indicators.

Client
Margin Loan Balances Remain Steady as Client Credit Balances Rise

The
firm reported 2.201 million Daily Average Revenue Trades (DARTs), marking an
impressive 11% increase compared to the previous year and a substantial 12% upsurge
over the prior month. Additionally, the company recorded ending client equity
totaling $424.0 billion, reflecting a notable 26% surge from the previous year
and maintaining stability compared to the prior month.

Ending
client margin loan balances stood at $44.3 billion, exhibiting a solid 12%
increase from the prior year and remaining steady compared to the preceding
month. Moreover, client credit balances, inclusive of $3.8 billion in insured
bank deposit sweeps, reached $102.5 billion. This reflects a 3% uptick from the
previous year, albeit experiencing a slight 2% dip compared to the prior month.

The
company reported a substantial growth in client accounts, totaling 2.63
million, marking a notable 23% increase from the previous year and a modest 2%
rise from the preceding month. On average, clients executed 190 annualized
average cleared DARTs per account.

The
average commission per cleared Commissionable Order amounted to $3.03, which
includes exchange, clearing, and regulatory fees. Notably, for futures, which include
options on futures, the estimated exchange, clearing, and regulatory fees
comprise 56% of the futures commissions.

Interactive Brokers’ Revenue and Income Surge in Q4

Earlier, Finance Magnates
reported that Interactive
Brokers’ financial report for Q4 2023 demonstrated impressive growth
in key
areas. The company’s net revenue surged to $1.139 billion, showing a
substantial increase compared to the previous year. Moreover, income before tax
witnessed a remarkable rise to $816 million, reflecting a strong financial
performance.

Notably, commission revenue experienced a commendable 5% uptick,
reaching $348 million. The company also saw significant growth in net interest
income, which soared by 29% to $730 million. These positive indicators
underscore Interactive Brokers’ continued success and financial stability in
the brokerage industry.