Stocks of Interactive Brokers Up 7% as DARTs in January Set Record

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Interactive Brokers LLC (NASDAQ: IBKR) has published its trading metrics for the month of January, showing another record month in terms of the daily average revenue trades (DARTs), a metric that set records for the past two consecutive months.

With 3,295 thousand DARTs for the month, the metric went up 43 percent compared to the prior month and 223 percent when tallied with the same month a year before.

This impressive figure was mostly backed by the increased traders' activity in the market with the ongoing frenzy. The recent tremendous volatility of stocks like GameStop, AMC Entertainment and a few others have skyrocketed the retail trading demand.

Records across All Metrics

Additionally, the Connecticut-headquartered broker ended the month with total client equity of $313.4 billion. This number includes the $2.43 billion in client equity the brokerage gained with its acquisition of Folio.

The broker's client equity went up by 78 percent year-on-year and by 9 percent, compared to December 2020.

The client margin loan balance on the broker further jumped by 49 percent year-on-year to $40.8 billion, which is also 5 percent higher than the prior month. The $82.7 billion in client credit balance for January also ended up 40 percent higher than the prior year and 6 percent higher than the prior month.

Moreover, the US-listed brokerage detailed that it added 1,189,000 new clients last month, which include 57,000 new accounts acquired from Folio. This metric is 69 percent higher year-on-year and 11 percent higher month-on-month.

Earlier, the broker revealed that nearly 80 percent of their new clients come from outside the US, citing the increasing number of mutual funds and products available to trade in fractions.

Furthermore, Interactive Brokers secured its position in Europe after Brexit by forming two local entities, one in Ireland and the other in Hungary, to serve its EEA clients.

Meanwhile, the publicly-listed shares of the company are performing well and jumped almost 7 percent as the broker posted record trading metrics for January.

About Interactive Brokers

Interactive Brokers Group, Inc. has over 43 years of history as a financial services provider and has grown internally to be one of the premier securities firms with over $9 billion in equity capital.

Regulated by the SEC, FINRA, FCA and other regulatory agencies around the world, Interactive Brokers conducts its broker/dealer business on over 135 market destinations worldwide. In its broker dealer agency business, IBKR provides direct access ("on line") trade execution and clearing services to institutional and professional traders for a wide variety of electronically traded products including stocks, options, futures, forex, fixed income and funds worldwide. Interactive Brokers Group and its affiliates execute over 2,109,000 trades per day.

The company also ended Q4 2020 with strong financial results, reporting a quarterly commission revenue of $288 million, up 71% compared to the same period in 2019, as Fazzaco​ has reported earlier.