Interactive Brokers has released its monthly
performance metrics for March 2024, highlighting mixed performance. The global
electronic brokerage firm reported 2.412 million daily average revenue trades (DARTs),
representing an increase of 17% and a decline of 1% from the previous month.
The company’s report highlighted a significant increase in
client equity, margin loan balances, and client credit balances. Ending client
equity stood at $465.9 billion, marking a substantial growth of 36% from the
prior year and a boost of 4% from the previous month.
Similarly, client margin loan balances experienced a
notable expansion of 30% year-on-year, reaching $51.2 billion. This marked an
uptick of 8% from the prior month. Additionally, ending client credit balances, including
insured bank deposit sweeps, totaled $104.9 billion. This figure reflects a rise of 9% from the prior year and an uptick of 2% from the previous
month.
Besides that, Interactive Brokers reported a significant growth in
client accounts, with a total of 2.75 million accounts recorded in March. This
represents a notable upsurge of 25% from the prior year and a decline of 2% from the previous month.
The brokerage firm’s report provides insights into the average
commission per cleared commissionable order across key products. Notably, the
average commission per cleared order for stocks was $1.87, while equity options and futures reported $4.02 and $4.62, respectively. The latest report highlighted an
annualized average cleared DARTs per client account of 199.
Trading Activity
In addition to brokerage metrics, Interactive Brokers’ update included
other financial information, such as mark-to-market on the US government
securities portfolio, which recorded a loss of $900,000 for the quarter ended
March 31. Moreover, the report provided insights into the
performance of the GLOBAL, which recorded a slight decrease of 0.09% and a drop of 0.73% for the quarter ended March 31.
Interactive Brokers indicated that the average US Reg-NMS stock trade was $22,335, with the client’s total cost of executing and clearing US Reg-NMS stocks estimated at about 4.3 basis points.
Interactive Brokers provides automated trade execution
and custody services across multiple markets and asset classes. The company
aims to enable clients to access tools and resources to effectively manage
their investment portfolios.
Interactive Brokers has released its monthly
performance metrics for March 2024, highlighting mixed performance. The global
electronic brokerage firm reported 2.412 million daily average revenue trades (DARTs),
representing an increase of 17% and a decline of 1% from the previous month.
The company’s report highlighted a significant increase in
client equity, margin loan balances, and client credit balances. Ending client
equity stood at $465.9 billion, marking a substantial growth of 36% from the
prior year and a boost of 4% from the previous month.
Similarly, client margin loan balances experienced a
notable expansion of 30% year-on-year, reaching $51.2 billion. This marked an
uptick of 8% from the prior month. Additionally, ending client credit balances, including
insured bank deposit sweeps, totaled $104.9 billion. This figure reflects a rise of 9% from the prior year and an uptick of 2% from the previous
month.
Besides that, Interactive Brokers reported a significant growth in
client accounts, with a total of 2.75 million accounts recorded in March. This
represents a notable upsurge of 25% from the prior year and a decline of 2% from the previous month.
The brokerage firm’s report provides insights into the average
commission per cleared commissionable order across key products. Notably, the
average commission per cleared order for stocks was $1.87, while equity options and futures reported $4.02 and $4.62, respectively. The latest report highlighted an
annualized average cleared DARTs per client account of 199.
Trading Activity
In addition to brokerage metrics, Interactive Brokers’ update included
other financial information, such as mark-to-market on the US government
securities portfolio, which recorded a loss of $900,000 for the quarter ended
March 31. Moreover, the report provided insights into the
performance of the GLOBAL, which recorded a slight decrease of 0.09% and a drop of 0.73% for the quarter ended March 31.
Interactive Brokers indicated that the average US Reg-NMS stock trade was $22,335, with the client’s total cost of executing and clearing US Reg-NMS stocks estimated at about 4.3 basis points.
Interactive Brokers provides automated trade execution
and custody services across multiple markets and asset classes. The company
aims to enable clients to access tools and resources to effectively manage
their investment portfolios.
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- Source: https://www.financemagnates.com//forex/interactive-brokers-march-darts-surge-17-marking-strong-market-activity/
