Interactive Brokers Reports a 37% Increase on Its DARTs for May

Interactive Brokers LLC (NASDAQ: IBKR) released its monthly performance metrics for May, stating that daily average revenue trades (DARTs), numbered 2.25 million, which is 37% higher than the prior-year and 3% higher than last month. According to the report, ending client equity was $348.3 billion, which is 83% higher than 2020 and 1% higher than April.

Overall, the US-listed brokerage saw a 373 annualized average cleared DARTs per client account in May. On the other hand, 1.39 million client’s accounts were created at the firm, which is 65% higher than 2020 and 2% higher than April.

The so-called DART is a critical indicator used by most US brokers to measure their clients’ activity.

Furthermore, Interactive Brokers saw another increase in its ending client credit balance figures. It was $80.8 billion for May, including $2.7 billion in insured bank deposit sweeps, which is 15% higher than the prior-year and 2% lower than the preceding month, said the report.

Moreover, the report detailed another uptick witnessed by the US-listed brokerage regarding their ending client equity in March. The brokerage company accounted for a total of $330.6 billion for the month. Also, the ending client margin loan balances in the firm were $45.8 billion, which was 97% higher than 2020 and 2% higher than April.

Although the monthly metrics report remained slightly changed compared to the prior month, it was 106% higher than the one reported in the previous year. In terms of transparency, Interactive Brokers stated: “In May, IBKR PRO clients’ total cost of executing and Clearing Clearing Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Read this Term U.S. Reg.-NMS stocks through IB was about 3.7 basis points of trade money, as measured against a daily VWAP6 benchmark (3.2 basis points net cost for the rolling twelve months).”

Interactive Brokers Set a New DARTs Record in February

In February 2021, Interactive Brokers hit a 3.7 million milestone in DARTs numbers, surpassing the previous record set in January at 3.29 million transactions, which is a 12% increase.

Known as the largest US electronic broker, the firm keeps treading international waters, as it has recently opened offices in Europe, specifically in Ireland and Hungary.