Interactive Brokers registers 8% M/M rise in Daily Average Revenue Trades in Aug 2022
Electronic trading major Interactive Brokers Group, Inc. (NASDAQ:IBKR) has just published its key operating metrics for August 2022.
The broker reported 1.968 million Daily Average Revenue Trades (DARTs) for August 2022, 9% lower than in August 2021 and 8% higher than in July 2022. Ending client equity amounted to $310.1 billion, 15% lower than prior year and 1% lower than prior month, whereas ending client margin loan balances totalled $43.1 billion, 13% lower than prior year and 2% higher than prior month.
The company registered 1.99 million client accounts, 33% higher than prior year and 2% higher than prior month.
Average commission per cleared Commissionable Order was $2.87 including exchange, clearing and regulatory fees.
Speaking of Interactive Brokers’ performance, let’s recall that, for the second quarter of 2022, the company reported diluted earnings per share of $0.72 and $0.84 as adjusted.
Reported net revenues were $656 million for the second quarter of 2022 and $717 million as adjusted. For the year-ago quarter, reported net revenues were $754 million and $650 million as adjusted. The result, however, was better than the $645 million in net revenues registered in the first quarter of 2022.
Reported income before income taxes was $392 million for the second quarter of 2022 and $453 million as adjusted. Commission revenue increased 5% to $322 million on higher customer options and futures trading volume tempered by lower stock volume.