Interactive Brokers Shows Resilience with 2.36M DARTs in May 2024

Interactive Brokers, a US-based automated global electronic broker, released its Electronic Brokerage monthly performance metrics for May 2024, reporting the Daily Average Revenue Trades (DARTs) of 2.360 million, 27% higher than 1.860 million in the year-ago month and 1% higher than 2.339 million in the prior month.

The brokerage firm ended the month with $486.3 billion client equity, an increase of 41% compared to $345.1 billion in May 2023 and an increase of 6% compared to $457.8 billion in April this year.

Ending client margin loan balances rose by 33% from $39.8 billion to $53.1 billion on a year-on-year basis (YoY), up 5% compared to $50.7 billion in the previous month.

Ending client credit balances stood at $106.7 billion for the period, including $4.0 billion in insured bank deposit sweeps, 8% higher than $98.7 billion in the same period of 2023 and 1% higher than $105.8 billion in the prior month.

2.86 million client accounts were registered for the month, up 27% compared to 2.26 million client accounts in May 2023 and up 2% compared to 2.81 million client accounts in April of this year.

The average commission per cleared Commissionable Order was $3.01 including exchange, clearing and regulatory fees. While the figure was $3.08 for the year-ago month and $3.00 for the previous month.

Solid financial performance has established a strong foundation for the growth of Interactive Brokers. In the past month, the trading giant expanded its offerings by introducing cryptocurrency trading services in Hong Kong​ and the UK, solidifying its position in the crypto trading sector. Additionally, the broker made another significant move by becoming a direct trading participant in Cboe Europe Derivatives​, Cboe's pan-European equity derivatives marketplace.