Interactive Brokers registers 15% Y/Y rise in DARTs in February 2024

Electronic trading major Interactive Brokers Group, Inc. (NASDAQ:IBKR) has just posted its key operating metrics for February 2024.

The broker reported 2.443 million Daily Average Revenue Trades (DARTs) for February 2024, 15% higher than in February 2023 and 11% higher than in January 2024.

Ending client equity amounted to $448.2 billion, 35% higher than prior year and 6% higher than prior month.

The broker reported 2.69 million client accounts, 24% higher than prior year and 2% higher than prior month.

Average commission per cleared Commissionable Order was $2.85 including exchange, clearing and regulatory fees.

Interactive Brokers has recently reported its financial metrics for the final quarter of 2023.

Reported net revenues were $1,139 million for the fourth quarter of 2023 and $1,149 million as adjusted. Reported income before income taxes was $816 million for the final quarter of 2023 and $831 million as adjusted.

Commission revenue increased 5% from the year-ago quarter to $348 million. Customer trading volume was mixed across product types with options and futures contract volumes up 21% and 4%, respectively, while stock share volume was down 22%.

Net interest income increased 29% from the fourth quarter of 2022 to $730 million on higher benchmark interest rates, customer margin loans and customer credit balances.