Interactive Brokers LLC (NASDAQ: IBKR) released its monthly brokerage metrics for September 2021 on Friday, reporting a surge in its daily average revenue trades (DARTs) of 16% compared to last year’s figure. DARTs were 2.260 million, which is a 4% increase on August 2021.
According to the press release, its ending client equity hit $353.8 billion, which is 52% higher than in the same period last year and was 3% lower than the prior month. “Ending client margin loan balances of $50.2 billion, 67% higher than prior year and 1% higher than prior month. Ending client credit balances of $86.2 billion, including $2.7 billion in insured bank deposit sweeps, 22% higher than prior year and 2% higher than the prior month,” Interactive Brokers said.
However, 1.54 million client accounts were created in the US-listed brokerage, which is 3% more than August 2021 and 57% greater than last year’s figure. Moreover, Interactive Brokers reported 334 annualized average cleared DARTs per client account.
During the report published in August, Interactive Brokers saw 2.170 million DARTs for the period, which is 24% higher than the 2020 figures, and 8% lower than July. Additionally, the firm reported 329 annualized average cleared DARTs per client account in August.
Its key products for the period were stocks with an average commission per cleared commissionable order of $1.68 and an average order size of 1,962 shares, followed by equity options with $3.46 and 6.3 contracts, respectively.
CFTC Legal Issues
This week, the US Commodity Futures Trading Commission (CFTC) announced that it filed and settled charges against Interactive Brokers LLC, a US-listed brokerage firm, for supervision failures in handling its customer accounts. The watchdog argued that the company failed to diligently supervise the handling of its customer accounts by not adequately preparing and setting its electronic trading system to receive negative prices and calculate the margin on April 20, 2020.
