GREENWICH, Conn. - Interactive Brokers (NASDAQ:IBKR) Group, Inc. (NASDAQ:IBKR), a global electronic brokerage firm, has disclosed its monthly performance metrics for February, revealing significant increases across several key areas of its operations.
The company experienced a 15% year-over-year increase in Daily Average Revenue Trades (DARTs), reaching 2.443 million. This figure also represents an 11% rise compared to the previous month. Client equity also saw a substantial boost, ending the month at $448.2 billion, which is 35% higher than the same period last year and 6% up from the prior month.
Furthermore, Interactive Brokers reported a 21% year-over-year increase in client margin loan balances, which stood at $47.4 billion at the end of February. This marks a 7% rise from January. Client credit balances, including $3.9 billion in insured bank deposit sweeps, were slightly up by 5% compared to the previous year, totaling $102.9 billion and maintaining a steady level from the month before.
The brokerage firm also noted a 24% annual increase in client accounts, with a total of 2.69 million accounts by the end of February. This is a 2% increase from January. The data indicated an annualized average of 206 cleared DARTs per client account.
In terms of commissions, the average commission per cleared Commissionable Order was $2.85, inclusive of exchange, clearing, and regulatory fees. The average order sizes for stocks, equity options, and futures were 847 shares, 6.6 contracts, and 3.2 contracts, respectively, with corresponding average commissions of $1.81, $4.01, and $4.59.
Interactive Brokers also provided a glimpse into the costs incurred by their IBKR PRO clients for trade execution, reporting an all-in cost of about 2.8 basis points of trade money for U.S. Reg-NMS stock trades in February, benchmarked against daily VWAP. This cost has averaged 2.6 basis points over the rolling twelve months.
The company's currency diversification strategy, which involves basing its net worth in a basket of 10 major currencies known as the GLOBAL, saw a slight decrease of 0.17% in U.S. dollar value during February.
This performance update, based on a press release statement from Interactive Brokers Group, showcases the firm's growth in client activity and assets amid fluctuating market conditions.
Interactive Brokers has established itself as a prominent player in the brokerage industry, offering automated trade execution and custody services across multiple asset classes to a diverse global clientele.
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