Interactive Brokers’ July 2023 metrics reflect client equity of $386bn

<img width="250" height="167" src="https://www.leaprate.com/wp-content/uploads/2023/08/FIN-LP-Interactive-Brokers-July-2023-4916073651-iStock-1413428286-250×167.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Interactive Brokers’ July 2023 metrics reflect client equity of $386bn" decoding="async" style="float: left; margin-right: 5px;" link_thumbnail="" srcset="https://www.leaprate.com/wp-content/uploads/2023/08/FIN-LP-Interactive-Brokers-July-2023-4916073651-iStock-1413428286-250×167.jpg 250w, https://www.leaprate.com/wp-content/uploads/2023/08/FIN-LP-Interactive-Brokers-July-2023-4916073651-iStock-1413428286-700×467.jpg 700w, https://www.leaprate.com/wp-content/uploads/2023/08/FIN-LP-Interactive-Brokers-July-2023-4916073651-iStock-1413428286-768×512.jpg 768w, https://www.leaprate.com/wp-content/uploads/2023/08/FIN-LP-Interactive-Brokers-July-2023-4916073651-iStock-1413428286-120×80.jpg 120w, https://www.leaprate.com/wp-content/uploads/2023/08/FIN-LP-Interactive-Brokers-July-2023-4916073651-iStock-1413428286-245×163.jpg 245w, https://www.leaprate.com/wp-content/uploads/2023/08/FIN-LP-Interactive-Brokers-July-2023-4916073651-iStock-1413428286-500×333.jpg 500w, https://www.leaprate.com/wp-content/uploads/2023/08/FIN-LP-Interactive-Brokers-July-2023-4916073651-iStock-1413428286.jpg 1254w" sizes="(max-width: 250px) 100vw, 250px" /><p>Its reports indicated a 19% increase in year-over-year (YoY) client accounts, which came in at 2.33m. Despite only boasting a 2% rise compared to the month-over-month (MoM) picture, the broker’s YoY increases are notable.</p>
<p>Its Daily Average Revenue Trades (DARTs) increased by 9% to 1.991m. Cleared DARTs per account came in at a 193 annualised average. In addition, client equity reached $386.2bn, making it 23% higher than the previous year and 6% higher than June 2023.</p>
<p>A significant indicator of these clear improvements is the ending of client margin loan balances. Also, an influential factor is the owing of money to the brokerage from leveraged trades at $43.2m, which increased by 2% from the same time in 2022 and 3% from last month.</p>
<p>Likewise, for ending client credit balances (the money left in accounts after settling trades and fees), the platform recorded $98.8bn, which includes the $3.3bn in insured bank deposit sweeps; these figures boast a 5% increase from 2022 and an equal standing in comparison to June 2023.</p>
<p>Compared to last year, client accounts soared by 19% to 2.33m, representing a minor increase of 2% from the previous month. Although the MoM increases are marginal, they mirror the upward trend evidenced in the YoY reports. <a href="https://www.leaprate.com/forex/brokers/interactive-brokers-sees-20-yoy-drop-in-darts-in-april/" target="_blank" rel="noopener">Interactive Brokers</a> continually investigate new investment opportunities to boost its growth and investor interest.</p>
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