Interactive Brokers registers 8% Y/Y drop in DARTs in September 2023
Electronic trading major Interactive Brokers Group, Inc. (NASDAQ:IBKR) has just published its key operating metrics for September 2023.
The brokerage registered 1.798 million Daily Average Revenue Trades (DARTs) in September 2023, 8% lower than in September 2022 and 7% lower than in August 2023.
Ending client equity amounted to $369.8 billion, 29% higher than prior year and 2% lower than prior month, whereas ending client margin loan balances were $43.6 billion, 8% higher than prior year and 4% higher than prior month.
Interactive Brokers registered 2.43 million client accounts, 21% higher than prior year and 3% higher than prior month.
The average commission per cleared Commissionable Order was $3.21 including exchange, clearing and regulatory fees.
Let’s note that Interactive Brokers reported net revenues were $1,000 million for the second quarter of 2023 and $1,064 million as adjusted. For the year-ago quarter, reported net revenues were $656 million and $717 million as adjusted.
Reported income before income taxes was $652 million for the second quarter of 2023 and $716 million as adjusted. For the year-ago quarter, reported income before income taxes was $392 million and $453 million as adjusted. Commission revenue was unchanged from the year-ago quarter at $322 million.