Interactive Brokers registers 74% Y/Y increase in DARTs in November 2024
Electronic trading major Interactive Brokers Group, Inc. (NASDAQ:IBKR) has just posted its key operating metrics for November 2024.
The company registered 3.306 million daily average revenue trades (DARTs) in November 2024. The result is 74% higher than in November 2023 and 17% higher than in October 2024.
The company did not comment on the exact factors for the steep DARTs increase but one may suppose the market volatility triggered by a number of political (the US presidential elections) and geopolitical events (escalation of certain military conflicts) played a major role.
Ending client equity amounted to $575.9 billion, 42% higher than prior year and 7% higher than prior month. Ending client margin loan balances totalled $60.2 billion, 43% higher than prior year and 2% higher than prior month.
Ending client credit balances amounted to $118.8 billion, including $4.7 billion in insured bank deposit sweeps, 17% higher than prior year and 1% higher than prior month. The company reported 3.253 million client accounts, 29% higher than prior year and 2% higher than prior month.
The average commission per cleared Commissionable Order was $2.70 including exchange, clearing and regulatory fees.