Interactive Brokers registers 18% M/M rise in DARTs in January 2022
Online trading major Interactive Brokers Group, Inc. (NASDAQ:IBKR) has just published its key operating metrics for January 2022. Although the trading volumes were well above the levels seen in December 2021, their level failed to match that recorded in January 2021.
Interactive Brokers reported 2.621 million Daily Average Revenue Trades (DARTs) for January 2022, 20% lower than prior year and 18% higher than prior month.
Ending client equity was $352.5 billion, 12% higher than prior year and 6% lower ta in December 2021. Ending client margin loan balances amounted to $50.1 billion, 23% higher than prior year and 8% lower than prior month.
Interactive Brokers reported 1.73 million client accounts for January 2022, 45% higher than prior year and 3% higher than prior month.
Speaking of Interactive Brokers’ performance, let’s note that the company reported net revenues of $603 million for the quarter to end-December 2021 and $683 million as adjusted. For the year-ago quarter, reported net revenues were $599 million and $582 million as adjusted. In the third quarter of 2021, net revenues amounted to $464 million.
Commission revenue increased $32 million, or 11%, from the year-ago quarter on the back of higher customer options and futures trading volumes and higher average per share commission in stocks.