Electronic trading major Interactive Brokers Group, Inc. (NASDAQ:IBKR) has just reported its key operating metrics for the first month of 2021, with the company marking an impressive start to the year. This, of course, should have been expected given the recent market volatility spike.
In January 2021, Interactive Brokers saw Daily Average Revenue Trades (DARTs) reach 3,295,000. The result is 223% higher than prior year and 43% higher than prior month. Let’s note that the result for December 2020 was quite robust too.
In January 2021, Interactive Brokers reported ending client equity of $313.4 billion including $2.43 billion of client equity acquired from Folio Investments Inc., 78% higher than prior year and 9% higher than prior month.
Ending client margin loan balances amounted to $40.8 billion, up 49% from January 2020 and 5% higher than in December 2020.
The number of client accounts rose to 1,189,000, including 57 thousand new accounts acquired from Folio Investments Inc., 69% higher than prior year and 11% higher than prior month.
Average commission per cleared Commissionable Order was $2.44 including exchange, clearing and regulatory fees.
For the fourth quarter of 2020, Interactive Brokers reported net revenues of $599 million and income before income taxes of $392 million, compared to net revenues of $500 million and income before income taxes of $312 million for the equivalent period in 2019.
Adjusted net revenues were $582 million and adjusted income before income taxes was $375 million for the final quarter of 2020, compared to adjusted net revenues of $503 million and adjusted income before income taxes of $315 million for the same period in 2019.
Net interest income decreased $62 million, or 22%, from the year-ago quarter as the average Federal Funds effective rate decreased to 0.09% from 1.65% in the year-ago quarter.