Interactive Brokers reports a 31% YoY surge in DARTs in October

Steffy Bogdanova
November 2, 2021 2:56 pm

Interactive Brokers Group has published its monthly financial metrics for October 2021. The US-listed brokerage reported a 31% jump in Daily Average Revenue Trades (DARTs), reaching 2.305 million, compared to the same period last year. The numbers were 2% higher than September 2021.

Ending client equity stood at $380.9 billion, making a 64% increase than the prior year and 8% rise compared to the previous month. Additionally, ending client margin loan balances of $53.7 billion were 69% higher than prior year and 7% higher than prior month. Ending client credit balances of $87.2 billion, including $2.6 billion in insured bank deposit sweeps was 22% more than the same period in 2020 and 1% up from September.

Interactive Brokers

In October, the brokerage also recorded 1.58 million client accounts, 57% up compared to the previous year and 3% higher than prior month. Annualized average cleared DARTs per client account stood at 333. The company also noted that average commission per cleared Commissionable Order was $2.48 including exchange, clearing and regulatory fees

In September, Interactive Brokers saw a 16% jump in DARTs, on yearly basis.

The Group recently added a Request for Payment service from J.P. Morgan. The real-time payment-related messaging service is provided through The Clearing House RTP network.

LeapRate Analyst

Experienced writer and journalist, working in the global online trading sector, Steffy is the Editor of LeapRate. She has previous experience as a copywriter and has been with the company since January 2020. Steffy has a British and American Studies degree from St. Kliment Ochridski University in Sofia.
Tags:

Read Also: