Interactive Brokers Reports 18% Y/Y Decrease in DARTs in March 2022

Interactive Brokers Group, Inc. (Nasdaq: IBKR) an automated global electronic broker, reported its Electronic Brokerage monthly performance metrics for March. 

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Brokerage highlights for the month included: 

• 2.456 million Daily Average Revenue Trades (DARTs), 18% lower than prior year and 2% lower than prior month.

• Ending client equity of $355.9 billion, 8% higher than prior year and 2% higher than prior month. 

• Ending client margin loan balances of $48.2 billion, 14% higher than prior year and 2% lower than prior month. 

• Ending client credit balances of $92.5 billion, including $2.2 billion in insured bank deposit sweeps, 9% higher than prior year and 4% higher than prior month. 

• 1.81 million client accounts, 36% higher than prior year and 3% higher than prior month.

• 306 annualized average cleared DARTs per client account.

• Average commission per cleared Commissionable Order of $2.68 including exchange, clearing and regulatory fees. 

In March, IBKR PRO clients' total cost of executing and clearing U.S. Reg.-NMS stocks through IB was about 2.3 basis points of trade money, as measured against a daily VWAP benchmark (3.4 basis points net cost for the rolling twelve months).