Interactive Brokers' DARTs for March See 17% YoY Growth, Hitting 2.412M

Interactive Brokers, a US-based automated global electronic broker, has reported its monthly Electronic Brokerage performance metrics for March 2024, with 2,412,000 Daily Average Revenue Trades (DARTs) recorded, 17% higher than the 2,055,000 recorded in the same period last year, and 1% lower than the 2,443,000 recorded in the previous month.

Ending client equity was $465.9 billion, up 36% year-on-year (YoY)  from $343.1 billion in March 2023 and up 4% month-over-month (MoM) from $448.2 billion in February 2024.

Client margin loan balances at the end of the period increased by 30% YoY to $51.2 billion from $39.4 billion and 8% MoM from $47.4 billion in the prior month.

Ending client credit balances were $104.9 billion, including $4.0 billion of insured bank deposit sweeps, which was 9% higher than $96.6 billion recorded in the same period a year ago and 2% higher than $102.9 billion recorded in the previous month.

A total of 2.75 million client accounts were registered during the month, an increase of 25% compared to the 2.2 million client accounts registered during the same period last month, and an increase of 2% compared to the 2.69 million client accounts registered during the previous month.

Including exchange, clearing, and regulatory fees, the average commission per cleared Commission Order was $2.89. This compares to $3.21 for the same period last year and $2.85 for the previous month.