Interactive Brokers registers 27% Y/Y rise in DARTs in May 2024

Interactive Brokers


Electronic trading major Interactive Brokers Group, Inc. (NASDAQ:IBKR) has just reported its operating metrics for May 2024.

The brokerage registered 2.360 million Daily Average Revenue Trades (DARTs) in May 2024, 27% higher than in May 2023 and 1% higher than in April 2024.

Ending client equity was $486.3 billion in May 2024, 41% higher than prior year and 6% higher than prior month, whereas ending client margin loan balances amounted to $53.1 billion, 33% higher than prior year and 5% higher than prior month.

The number of client accounts reached 2.86 million in May 2024, 27% higher than prior year and 2% higher than prior month.

The average commission per cleared Commissionable Order was $3.01 including exchange, clearing and regulatory fees.

Interactive Brokers has recently posted its financial results for the first quarter of 2024.

Diluted earnings per share were $1.61 for the first quarter of 2024 and $1.64 as adjusted. Net revenues were $1,203 million for the first quarter of 2024 and $1,216 million as adjusted.

Income before income taxes was $866 million for the first quarter of 2024 and $879 million as adjusted. Net interest income increased 17% to $747 million on higher benchmark interest rates, customer margin loans and customer credit balances.



This article was originally published by a fxnewsgroup.com

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