Interactive Brokers Reports 31% YoY Jump in DARTs in October 2021

Interactive Brokers, one of the biggest US-based brokerage firm, recently posted its trading volumes for the month of October, indicating a jump in DARTs on a YoY basis.

More specifically, the broker registered a DARTs of 2.305 million, 2% higher than the previous month and 31% higher than the previous year. In October, Interactive Brokers's ending client equity reached $380.9 billion, which is 64% higher than prior year and 8% higher than prior month. Moreover, the broker's ending client margin loan balances hit $53.7 billion, 69% higher than previous year and 7% higher than last month. 

In terms of client accounts, the US brokerage reported that the total number of traders on the platform was 1.58 million, up 57% than the same period last year and increased by 3% from September 2021. Average commission per cleared Commissionable Order of $2.48 including exchange, clearing and regulatory fees.

Recently, Interactive Brokers has added new functionalities to its Client Portal, which allows traders to monitor prices and place trades, check account balances, profit and loss statements, and key performance metrics, as well as funding and reporting.