Interactive Brokers Posts 44% Jump in Daily Average Revenue Trades for March

March marked another strong month for Interactive Brokers as daily trading activity surged and client accounts continued to grow. During this period, the electronic brokerage firm reported a 44% year-over-year increase in Daily Average Revenue Trades (DARTs).

Despite a slight month-over-month dip, the firm’s overall client equity and margin loan balances remained at elevated levels, reflecting strong market engagement.

The number of active trading clients showed mixed performance. Interactive Brokers processed 3.471 million DARTs, up significantly from the previous year but 4% lower than in February. The firm ended the month with 3.62 million client accounts, a 32% annual increase, with net account additions of 87,700.

Trading Volume Climbs While Monthly Activity Slips

However, 13,300 accounts were escheated to governmental authorities as required by law, reducing the calculated growth to 74,400 accounts. Total client equity reached $573.5 billion, up 23% from the previous year but slightly lower than the previous month’s figures.

Margin loan balances stood at $63.7 billion, reflecting a 24% increase year over year and little change from February. Credit balances, including insured bank deposit sweeps, rose to $125.2 billion, marking a 19% annual gain and a slight increase from the prior month.

Interactive Brokers’ average commission per cleared commissionable order stood at $2.85, factoring in exchange, clearing, and regulatory fees. The cost per trade varied by product type, with stocks averaging $2.17 per order, equity options at $3.89, and futures at $3.9.

Commissions and Trading Costs

The firm noted that exchange, clearing, and regulatory fees made up 57% of futures trading costs. Interactive Brokers disclosed that its IBKR PRO clients faced an all-in execution cost of approximately 3.3 basis points for U.S. Reg-NMS stock trades in March.

The firm’s U.S. government securities portfolio posted a mark-to-market gain of $462,000 for the quarter ending March 31. Additionally, the value of the GLOBAL metric, reported in U.S. dollars, increased by 0.61% in March and 0.75% for the quarter.

Meanwhile, Interactive Brokers added four new cryptocurrencies to its trading platform last month, including Solana (SOL), Cardano (ADA), Ripple (XRP), and Dogecoin (DOGE).

As reported by FinanceMagnates.com, Interactive Brokers' clients can now trade eight cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term, including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term Cash (BCH). The newly introduced tokens are reportedly available to clients with an account at Zero Hash LLC, while SOL is also accessible to those with an account at Paxos Trust Company.