Interactive Brokers registers 24% Y/Y drop in DARTs in January 2023
Electronic trading major Interactive Brokers Group, Inc. (NASDAQ:IBKR) has just published its key operating metrics for January 2023.
The broker reported 1.988 million Daily Average Revenue Trades (DARTs) for January 2023, 24% lower than prior year and 14% higher than prior month.
Ending client equity was $337.6 billion, 4% lower than prior year and 10% higher than prior month, whereas ending client margin loan balances amounted to $39.5 billion, 21% lower than prior year and 2% higher than prior month.
Interactive Brokers reported 2.13 million client accounts for January 2023, 23% higher than prior year and 2% higher than prior month.
The average commission per cleared Commissionable Order was $3.11 including exchange, clearing and regulatory fees.
Speaking of Interactive Brokers’ performance, let’s note that, reported diluted earnings per share for the three months to end-December 2022 were $1.31 and $1.30 as adjusted. Reported net revenues were $976 million for the fourth quarter of 2022 and $958 million as adjusted.
Net interest income increased 92% to $565 million on higher benchmark interest rates and customer credit balances, despite a decline in margin lending balances.