Interactive Brokers' DARTs for February 2024 Up 15% YoY and 11% MoM

NASDAQ-listed electronic trading platform Interactive Brokers has released its Electronic Brokerage monthly performance metrics for February 2024. 

The automated global electronic broker reported 2.443 million Daily Average Revenue Trades (DARTs) for the month, a rise of 15% from the prior year and a rise of 11% from the previous month.

Other brokerage highlights for February included:

Ending client equity of $448.2 billion, a 35% increase year-on-year (YoY) and a 6% increase month-over-month (MoM).

Ending client margin loan balances of $47.4 billion, 21% higher than the same period last year and 7% higher than January 2024. 

Ending client credit balances of $102.9 billion, including $3.9 billion in insured bank deposit sweeps, up 5% from the prior year and almost unchanged on a MoM basis. 

2.69 million client accounts, an increase of 24% YoY and 2% MoM.

206 annualized average cleared DARTs per client account. 

Average commission per cleared Commissionable Order of $2.85 including exchange, clearing, and regulatory fees.