Interactive Brokers' Stocks Jump 7% as January DARTs Set Record

Interactive Brokers LLC (NASDAQ:IBKR) has published its trading metrics for the month of January, showing another record month in terms of the daily average revenue trades (DARTs), a metric that set records for the past two consecutive months.

With 3,295 thousand DARTs for the month, the metric went up 43 percent compared to the prior month and 223 percent when tallied with the same month a year before.

This impressive figure was mostly backed by the increased traders’ activity in the market with the ongoing frenzy. The recent tremendous Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term of stocks like GameStop, AMC Entertainment and a few others have skyrocketed the retail trading demand.

Records across All Metrics

Additionally, the Connecticut-headquartered broker ended the month with total client equity of $313.4 billion. This number includes the $2.43 billion in client equity the brokerage gained with its acquisition of Folio.

The broker’s client equity went up by 78 percent year-on-year and by 9 percent, compared to December 2020.

The client margin loan balance on the broker further jumped by 49 percent year-on-year to $40.8 billion, which is also 5 percent higher than the prior month. The $82.7 billion in client credit balance for January also ended up 40 percent higher than the prior year and 6 percent higher than the prior month.

Moreover, the US-listed brokerage detailed that it added 1,189,000 new clients last month, which include 57,000 new accounts acquired from Folio. This metric is 69 percent higher year-on-year and 11 percent higher month-on-month.

Earlier, the broker revealed to Finance Magnates that nearly 80 percent of their new clients come from outside the US, citing the increasing number of mutual funds and products available to trade in fractions.

Furthermore, Interactive Brokers secured its position in Europe after Brexit Brexit Brexit stands for British Exit, or in reference to the United Kingdom’s decision to formally leave the European Union (EU) as declared in a June 23, 2016 referendum. In a more immediate sense, a tight vote and unexpected result helped drive British pound (GBP) to lows that had not been seen in decades.The day following the referendum, former Prime Minister David Cameron resigned from office where he was replaced by Theresa May, who later resigned from office on June 7th, 2019. Active Prime Minis Brexit stands for British Exit, or in reference to the United Kingdom’s decision to formally leave the European Union (EU) as declared in a June 23, 2016 referendum. In a more immediate sense, a tight vote and unexpected result helped drive British pound (GBP) to lows that had not been seen in decades.The day following the referendum, former Prime Minister David Cameron resigned from office where he was replaced by Theresa May, who later resigned from office on June 7th, 2019. Active Prime Minis Read this Term by forming two local entities, one in Ireland and the other in Hungry, to serve its EEA clients.

Meanwhile, the publicly-listed shares of the company are performing well and jumped almost 7 percent as the broker posted record trading metrics for January.