On Tuesday, Interactive Brokers Group reported its electronic brokerage performance metrics for August, with daily average revenue trades up 23% year on year.
The automated global electronic broker said it recorded 4.276 million daily average revenue trades, or DARTs, during the month, a figure 23% higher than a year earlier, but 3% lower than the prior month.
Ending client equity stood at $962.8 billion, up 35% year on year and 6% higher than the prior month.
Client margin loan balances ended the month at $101.5 billion, 41% higher than a year earlier and 1% above the prior month, while client credit balances were $185.6 billion, including $6.4 billion in insured bank deposit sweeps, up 27% year on year.
The firm reported 5.46 million client accounts, 35% higher than a year earlier and 3% up on the prior month, with 168 annualised average cleared DARTs per client account. The average commission per cleared commissionable order was $2.52, including exchange, clearing and regulatory fees.
The company said IBKR PRO clients’ total cost of executing and clearing US Reg-NMS stocks through the broker was about 2.1 basis points of trade money, measured against a daily volume-weighted average price benchmark, compared with 2.5 basis points on a rolling twelve-month basis.
