Interactive Brokers Reports a 37% Increase on Its DARTs for May

The average commission per cleared Commissionable Order was $2.49 including exchange, clearing and regulatory fees.

Interactive Brokers LLC (NASDAQ: IBKR) released its monthly performance metrics for May, stating that daily average revenue trades (DARTs), numbered 2.25 million, which is 37% higher than the prior-year and 3% higher than last month. According to the report, ending client equity was $348.3 billion, which is 83% higher than 2020 and 1% higher than April.

Overall, the US-listed brokerage saw a 373 annualized average cleared DARTs per client account in May. On the other hand, 1.39 million client’s accounts were created at the firm, which is 65% higher than 2020 and 2% higher than April.

The so-called DART is a critical indicator used by most US brokers to measure their clients’ activity.

Furthermore, Interactive Brokers saw another increase in its ending client credit balance figures. It was $80.8 billion for May, including $2.7 billion in insured bank deposit sweeps, which is 15% higher than the prior-year and 2% lower than the preceding month, said the report.

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Moreover, the report detailed another uptick witnessed by the US-listed brokerage regarding their ending client equity in March. The brokerage company accounted for a total of $330.6 billion for the month. Also, the ending client margin loan balances in the firm were $45.8 billion, which was 97% higher than 2020 and 2% higher than April.

Although the monthly metrics report remained slightly changed compared to the prior month, it was 106% higher than the one reported in the previous year. In terms of transparency, Interactive Brokers stated: “In May, IBKR PRO clients’ total cost of executing and clearing U.S. Reg.-NMS stocks through IB was about 3.7 basis points of trade money, as measured against a daily VWAP6 benchmark (3.2 basis points net cost for the rolling twelve months).”

Interactive Brokers Set a New DARTs Record in February

In February 2021, Interactive Brokers hit a 3.7 million milestone in DARTs numbers, surpassing the previous record set in January at 3.29 million transactions, which is a 12% increase.

Known as the largest US electronic broker, the firm keeps treading international waters, as it has recently opened offices in Europe, specifically in Ireland and Hungary.

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