Interactive Brokers LLC (NASDAQ: IBKR) has released its monthly trading metrics for October 2021, highlighting a sharp increase in its Daily Average Revenue Trades (DARTs). According to the report, DARTs were 31% higher than the same period last year and up 2% from September 2021.
Moreover, ending client equity last month was $380.9 billion, which was 64% higher than last year and 8% higher than the prior month. In addition, ending client margin loan balances of $53.7 billion, 69% higher than prior year and 7% higher than last month. “Ending client credit balances of $87.2 billion, including $2.6 billion in insured bank deposit sweeps, 22% higher than [the] prior year and 1% higher than [the] prior month,” Interactive Brokers noted.
Regarding client accounts, 1.58 million were created in October, which is 57% higher than the same period last year and up 3% from September 2021. As a result, annualized average cleared DARTs per client account was 333, the US-listed brokerage stated. “Average commission per cleared Commissionable Order of $2.48 including exchange, clearing and regulatory fees,” the company reported.
September's Metrics
Last month, Interactive Brokers reported a surge in its DARTs of 16% compared to last year’s figure. DARTs were 2.260 million, which is a 4% increase on August 2021. In addition, its ending client equity hit $353.8 billion for that period, which was 52% higher than in the same period last year and was 3% lower than the prior month.
Recently, the US-listed brokerage announced that it had introduced Request for Payments service, a real-time payment-related messaging service, with JP Morgan. The offering is provided through The Clearing House RTP network. With the new feature, investors can fund brokerage accounts 24/7 and begin trading immediately. Furthermore, investors may use Request for Payment as an alternative to legacy money transfer services that can take up to five business days to settle into brokerage accounts.
