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Interactive Brokers Reports Solid Performance for May 2024: DARTs Reach 2.36 Million

2024-06-04 BrokersView

Global electronic brokerage firm Interactive Brokers announced trading metrics for May 2024 with significant growth in client equity, margin loans, and revenue trades.


The firm's Daily Average Revenue Trades (DARTs) reached 2.36 million, up 27% from a year ago and up 1% from last month. 


Client equity showed strong growth, ending at $486.3 billion, up 41% from a year ago and up 6% month-over-month (MoM). 


In addition, client margin loan balances increased 33% year-over-year (YoY) to $53.1 billion, up 5% from the prior month.


Interactive Brokers also reported a 27% YoY increase in the number of client accounts, which totaled 2.86 million, up 2% from the previous month.


The broker highlighted that the average annualized cleared DARTs per client account was 186. Average commissions per cleared Commissionable Order is $3.01, which includes exchange, clearing, and regulatory fees.