Interactive Brokers Reports 22% YoY Rise in November DARTs

Interactive Brokers LLC (NASDAQ: IBKR), a major electronic trading venue in the US, has released its trading metrics for November, reporting a 22 percent yearly jump in daily average revenue trades or better known as DARTs.

In absolute terms, the broker reported 2.793 million in DARTs for the month, which is 21 percent higher than the previous month.

The report on Wednesday further highlighted that client equity for last month came in at $373.6 billion. That was 39 percent higher than the same month of the previous year, but 2 percent lower than the previous month.

Interactive Brokers further closed the month with $54.4 billion in margin loan balances, which is 65 percent higher than the prior-year and 1 percent higher than the previous month. The credit balance stood at $87.3 billion that remained flat when compared to October, but increased by 16 percent from November 2020.

Acquired More Clients

The American broker further revealed that it closed in November with 1.64 million client accounts. That number jumped by 58 percent from last year and 3 percent from October. The broker also reported 387 annualized average cleared DARTs per client account.

Furthermore, the average commission charged by the broker for each cleared order stood at $2.27 that included exchange, clearing, and regulatory fees. “We estimate exchange, clearing and regulatory fees to be 56% of the futures commissions,” the broker noted.

Meanwhile, Interactive Brokers continued to sweeten its offerings with the addition of more services. It launched cryptocurrency trading for its US clients earlier this year and partnered with JP Morgan to add requests for payments service.

Earlier this month, the broker launched a mobile trading platform that allows investors to align their portfolios with their values.