Interactive Brokers reports February DARTs up 15% y/y

Interactive Brokers Group reported its Electronic Brokerage monthly performance metrics for February. Brokerage highlights for the month included: 2.443 million Daily Average Revenue Trades, 15% higher than prior year and 11% higher than prior month. Ending client equity of $448.2B, 35% higher than prior year and 6% higher than prior month. Ending client margin loan balances of $47.4B, 21% higher than prior year and 7% higher than prior month. Ending client credit balances of $102.9B, including $3.9B in insured bank deposit sweeps, 5% higher than prior year and about even with prior month. 2.69 million client accounts, 24% higher than prior year and 2% higher than prior month. 206 annualized average cleared DARTs per client account. Average commission per cleared Commissionable Order of $2.85 including exchange, clearing and regulatory fees.