Interactive Brokers Group has seen a 17% YoY increase in daily average revenue trades (DARTs), according to its March electronic brokerage performance metrics. However, the 2.412 million figure marks a 1% drop since February 2024.
The number of client accounts has risen by a quarter YoY and by 2% since last month, with each account clearing an average of 199 DARTs annually.
Client margin loan balances for end March were up by almost a third YoY (30%), and up 8% from February, reaching USD 51.2 billion. Client credit balances were USD 104.9 billion, with USD 4 billion in insured bank deposit sweeps. This marks a 9% rise YoY, and a 2% rise from the previous month.
Client equity reached USD 465.9 billion in assets under custody, a 36% YoY increase and a 4% increase from February.
Average order sizes for stocks were 910 shares, with the average commission per cleared commissionable order USD 1.87, while equity options had an average order size of 6.8 contracts with an average commission of USD 4.02.
Futures measured an average order size of 3.2 contracts and USD 4.62 average commission. Interactive Brokers stated that exchange, clearing and regulatory fees accounted for 56% of futures commission.
©Markets Media Europe 2024
