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

Tuesday, 01/06/2021 | 20:39 GMT by Felipe Erazo
  • The average commission per cleared Commissionable Order was $2.49 including exchange, clearing and regulatory fees.
Interactive Brokers Reports a 37% Increase on Its DARTs for May
Interactive Brokers

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 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.

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 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.

About the Author: Felipe Erazo
Felipe Erazo
  • 1036 Articles
  • 44 Followers
Felipe earned a degree in journalism at the University of Chile with the highest honour in the overall ranking, and he also holds a Bachelor of Arts in Social Communication. In addition, he has been working as a freelance writer and Forex/crypto analyst, with experience gained from several forex broker firms and crypto-related media outlets around the world. He has been involved in the world of online forex trading since 2010 and in the crypto sphere since 2015.

More from the Author

Retail FX