Interactive Brokers reports April DARTs down 20% y/y

Interactive Brokers Group reported its Electronic Brokerage monthly performance metrics for April. Brokerage highlights for the month included: 1.765 million Daily Average Revenue Trades, 20% lower than prior year and 14% lower than prior month. Ending client equity of $342.1B, 5% higher than prior year and about even with prior month. Ending client margin loan balances of $39.5B, 16% lower than prior year and about even with prior month. Ending client credit balances of $99.2B, including $2.4B in insured bank deposit sweeps, 9% higher than prior year and 3% higher than prior month. 2.22 million client accounts, 20% higher than prior year and 1% higher than prior month. 180 annualized average cleared DARTs per client account. Average commission per cleared Commissionable Order of $3.18 including exchange, clearing and regulatory fees.