Fri. 1 Mar 2024, 12:50pm ET
Benzinga
News
Interactive Brokers Group, Inc. (NASDAQ:IBKR), an automated global electronic broker, today reported its Electronic Brokerage monthly performance metrics for February.
Brokerage highlights for the month included:
- 2.443 million Daily Average Revenue Trades (DARTs)1, 15% higher than prior year and 11% higher than prior month.
- Ending client equity of $448.2 billion, 35% higher than prior year and 6% higher than prior month.
- Ending client margin loan balances of $47.4 billion, 21% higher than prior year and 7% higher than prior month.
- Ending client credit balances of $102.9 billion, including $3.9 billion in insured bank deposit sweeps2, 5% higher than prior year and about even with prior month.
- 2.69 million client accounts, 24% higher than prior year and 2% higher than prior month.
- 206 annualized average cleared DARTs1 per client account.
- Average commission per cleared Commissionable Order3 of $2.85 including exchange, clearing and regulatory fees. Key products: