Interactive Brokers Achieves Growth in Trades and Client Accounts in December 2023

The global automated electronic broker Interactive Brokers Group, Inc. has released its monthly performance metrics for the month of December 2023, demonstrating continued growth in key areas including Daily Average Revenue Trades (DARTs) and the number of new accounts.

DARTs, the number of revenue-generating trades made by customers on the Interactive Brokers platform, reached 1.972 million, up 13% year-over-year (YoY) and 4% from November. Client equity at the end of the period amounted to $426 billion, up 39% YoY and 5% MoM. Client margin loan balances increased by 14% from last December to $44.4 billion and client credit balances grew by 10% to $104.5 billion.

The brokerage also added customers, with 2.56 million accounts at the end of December, up 23% YoY. This represents an annualized average of 172 DARTs per customer account. Compared to November 2023, the total number of accounts increased by 2%.

In December, cleared commission orders cost $3.17 on average, including fees. Stock orders averaged $2.02 per order, equity options were $4.36 per contract, and futures were $4.86.

Interactive Brokers highlighted the total cost for its IBKR PRO clients to execute and clear U.S. Reg NMS shares on its platform. Trading costs were estimated at 2.4 basis points in December and 2.5 basis points over the past 12 months.

(Source: Finance Magnates)