Interactive Brokers, an American online broker, published its brokerage
metric for January 2023 on Wednesday, reporting a 14% month-over-month (MoM) increase in its Daily Average Revenue Trades (DARTs) which
reached 1.988 million. Year -over-year (YoY), however,
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 also saw its client accounts expand by 2% to 2.13 million
accounts last month, which represents an even bigger 23% growth when compared to the same period in prior year.
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 quarterly best
last year. In addition, the online trading platform’s net revenues and adjusted
net revenues for the three months October to December 2022 surged by 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 in December 2021. During this month, the broker’s total client accounts also jumped by 25% to 2.09
million.
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 by 2% to $39.5 billion during the period, the number slumped by almost
a quarter (21%) compared to prior year.
In a different development, Interactive Brokers recently doubled its office in Ireland by opening a new
one, noting that it has been “incredibly impressed with the local financial
services talent and pro-business environment” in the country.
Interactive Brokers, an American online broker, published its brokerage
metric for January 2023 on Wednesday, reporting a 14% month-over-month (MoM) increase in its Daily Average Revenue Trades (DARTs) which
reached 1.988 million. Year -over-year (YoY), however,
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 also saw its client accounts expand by 2% to 2.13 million
accounts last month, which represents an even bigger 23% growth when compared to the same period in prior year.
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 quarterly best
last year. In addition, the online trading platform’s net revenues and adjusted
net revenues for the three months October to December 2022 surged by 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 in December 2021. During this month, the broker’s total client accounts also jumped by 25% to 2.09
million.
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 by 2% to $39.5 billion during the period, the number slumped by almost
a quarter (21%) compared to prior year.
In a different development, Interactive Brokers recently doubled its office in Ireland by opening a new
one, noting that it has been “incredibly impressed with the local financial
services talent and pro-business environment” in the country.