Electronic trading major Interactive Brokers Group, Inc. (NASDAQ:IBKR) has just posted its key operating metrics for November 2020, with the results being quite strong.

  • The broker registered 2,290,000 Daily Average Revenue Trades (DARTs) in November 2020, 179% higher than prior year and 30% higher than prior month.
  • Ending client equity amounted to $268.7 billion, 61% higher than prior year and 16% higher than in October 2020.
  • Ending client margin loan balances for November 2020 were $33.0 billion, 22% higher than prior year and 4% higher than in the preceding month. Ending client credit balances amounted to $75.1 billion, including $2.9 billion in insured bank deposit sweeps, up 32% from November 2019 and 5% higher than in October 2020.
  • The number of client accounts reached 1,037,000, 52% higher than prior year and 3% higher than prior month.
  • The annualized average cleared DARTs per client account were 503.
  • The average commission per cleared Commissionable Order3 of $2.45 including exchange, clearing and regulatory fees.

Interactive Brokers – DARTs in thousands (‘000)

Let’s recall that Interactive Brokers reported net revenues of $548 million and income before income taxes of $334 million for the third quarter of 2020, compared to net revenues of $466 million and income before income taxes of $281 million for the same period in 2019.

Adjusted net revenues were $518 million and adjusted income before income taxes was $304 million in the third quarter of 2020, compared to adjusted net revenues of $525 million and adjusted income before income taxes of $340 million for the same period in 2019.