Interactive Brokers, an American online broker, published its brokerage metric for January 2023 on Wednesday, reporting an increase of 14% month-over-month in its Daily Average Revenue Trades (DARTs) which reached 1.988 million. However, year-over-year (YoY) the broker’s DARTs decreased by 24% last month.

Furthermore, the broker, which defined its DARTs as customer orders divided by the number of trading days in January, reported 211 annualized average cleared DARTs per client account in its newly-released metric. Moreover, the electronic broker saw its client accounts expand by 2% to 2.13 million accounts last month, which represents an even more significant growth of 23% compared to the same period in the prior year.

Watch the recent FMLS22 session on a futuristic look at online trading.

The new numbers come after Interactive Brokers posted record profits during the last quarter of 2022 with earnings per share of $1.31, which was its best quarter last year. In addition, the online trading Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Read this Term platform’s net revenues and adjusted net revenues for the three-month period from October to December 2022 surged 62% and 40% YoY to $976 million and $958 million, respectively.

In December, Interactive Brokers’ DARTs or average trades per day that generated commissions or fees, came in at 1.751 million, which was 10% lower than the previous month and 21% lower than December 2021. During this month, the broker’s total client accounts jumped 25% to 2.09 million.

Other Metrics Reported by Interactive Brokers in January

Meanwhile, Interactive Brokers ended January 2023 with a 10% growth in its client equity which reached $337.6 billion. However, this number is 4% lower when compared to the same period last year. In addition, the broker reported that while its client margin loan balances improved 2% to $39.5 billion during the period, the number slumped 21% compared to the prior year.

Recently, in a different development, Interactive Brokers opened its second office in Ireland, noting that it has been “incredibly impressed with the local financial services talent and pro-business environment” in the country.