Interactive Brokers Registers 2.412M DARTs for March 2024, Up 17% YoY

Interactive Brokers, a US-based automated global electronic broker, released its Electronic Brokerage monthly performance metrics for March 2024, recording the Daily Average Revenue Trades (DARTs) of 2.412 million, 17% higher than 2.055 million in the year-ago month and 1% lower than 2.443 million in the prior month.

The broker ended the month with $465.9 billion client equity, an increase of 36% compared to $343.1 billion in March 2023 and an increase of 4% compared to $448.2 billion in February this year.

Ending client margin loan balances rose by 30% from $39.4 billion to $51.2 billion on a year-on-year basis, up 8% compared to $47.4 billion in the prior month.

Ending client credit balances stood at $104.9 billion, including $4.0 billion in insured bank deposit sweeps, 9% higher than prior year ($96.6 billion) and 2% higher than prior month ($102.9 billion).

2.75 million client accounts were registered for the month, up 25% compared to 2.20 million client accounts in the same period of last month and up 2% compared to 2.69 million in the prior month.

The average commission per cleared Commission Order was $2.89 including exchange, clearing and regulatory fees. While the figure was $3.21 for the year-ago month and $2.85 for the previous month.