Interactive Brokers Reports January Metrics: 11% increase on DARTs

<p>Interactive
Brokers Group, Inc. (Nasdaq: IBKR) has released its Electronic Brokerage
monthly performance metrics for January, showcasing robust growth and steady
financial indicators. </p><p>Client
Margin Loan Balances Remain Steady as Client Credit Balances Rise</p><p>The
firm reported 2.201 million Daily Average Revenue Trades (DARTs), marking an
impressive 11% increase compared to the previous year and a substantial 12% upsurge
over the prior month. Additionally, the company recorded ending client equity
totaling $424.0 billion, reflecting a notable 26% surge from the previous year
and maintaining stability compared to the prior month. </p><p>Ending
client margin loan balances stood at $44.3 billion, exhibiting a solid 12%
increase from the prior year and remaining steady compared to the preceding
month. Moreover, client credit balances, inclusive of $3.8 billion in insured
bank deposit sweeps, reached $102.5 billion. This reflects a 3% uptick from the
previous year, albeit experiencing a slight 2% dip compared to the prior month.</p><p>The
company reported a substantial growth in client accounts, totaling 2.63
million, marking a notable 23% increase from the previous year and a modest 2%
rise from the preceding month. On average, clients executed 190 annualized
average cleared DARTs per account. </p><p>The
average commission per cleared Commissionable Order amounted to $3.03, which
includes exchange, clearing, and regulatory fees. Notably, for <a href="https://www.financemagnates.com/tag/futures/">futures</a>, which include
options on futures, the estimated exchange, clearing, and regulatory fees
comprise 56% of the futures commissions.</p><p>Interactive Brokers' Revenue and Income Surge in Q4</p><p>Earlier, <a href="https://www.financemagnates.com/">Finance Magnates</a>
reported that <a href="https://www.financemagnates.com/forex/interactive-brokers-reports-strong-q4-2023-results-with-income-soaring-18/">Interactive
Brokers' financial report for Q4 2023 demonstrated impressive growth</a> in key
areas. The company's net revenue surged to $1.139 billion, showing a
substantial increase compared to the previous year. Moreover, income before tax
witnessed a remarkable rise to $816 million, reflecting a strong financial
performance. </p><p>Notably, commission revenue experienced a commendable 5% uptick,
reaching $348 million. The company also saw significant growth in net interest
income, which soared by 29% to $730 million. These positive indicators
underscore Interactive Brokers' continued success and financial stability in
the brokerage industry.</p>

This article was written by Tareq Sikder at www.financemagnates.com.