Interactive Brokers reports April DARTs up 63% y/y

Interactive Brokers (IBKR) Group reported its Electronic Brokerage monthly performance metrics for April. Brokerage highlights for the month included: 3.818 million Daily Average Revenue Trades, 63% higher than prior year and 10% higher than prior month. Ending client equity of $588.1 billion, 28% higher than prior year and 3% higher than prior month. Ending client margin loan balances of $58.2B, 15% higher than prior year and 9% lower than prior month. Ending client credit balances of $132.8B, including $5B in insured bank deposit sweeps, 26% higher than prior year and 6% higher than prior month. 3.71 million client accounts, 32% higher than prior year and 3% higher than prior month. 227 annualized average cleared DARTs per client account. Average commission per cleared Commissionable Order of $2.75 including exchange, clearing and regulatory fees.