Interactive Brokers Witnesses a 10% Decrease in DARTs for April 2022

Interactive Brokers (Nasdaq: IBKR), a major American electronic trading platform, has released some monthly operating metrics for April, reporting a decrease in the Daily Average Revenue Trades (DARTs) on a monthly basis.

According to the figures, 2.204 million DARTs were reported in the brokerage, which is 1% higher than the prior year and 10% lower than last month. Ending client equity was $324.5 billion, which is 6% lower than last year and 9% lower than the prior month. Moreover, ending client margin loan balances hit $46.8 billion, which is 4% higher than the prior year and 3% lower than March.

In other figures, 1.85 million client accounts were opened, which is 36% higher than in 2021 and 2% higher than the prior month. Also, 269 annualized average cleared DARTs per client account was reported, while ending client credit balances were $91.2 billion, including $2.2 billion in insured bank deposit sweeps, which is 11% higher than last year and 1% lower than the prior month.

Q1 2022 Revenues and Recent Appointments

As reported by Finance Magnates in April, the broker generated net revenue of $645 million between January and March, which is a year-over-year decline of almost 28%. On adjusted bases, this figure came in at $692 million, compared to $796 million a year before.

Additionally, the broker has detailed that its commission-based revenue declined by 15% to $349 million. The drop in this figure resulted from an “unusually active trading period last year, but was aided by higher customer options and futures trading volumes.”

Also, Interactive Brokers appointed Jill Bright as an Independent Director of the firm. Bright completed her MBA at New York University’s Stern School of Business, and she was appointed to the Quadrennial Advisory Commission, which evaluates and makes compensation recommendations for elected New York City Officials under Mayor de Blasio.