Interactive Brokers reports January DARTs down 24% y/y

Interactive Brokers Group reported its Electronic Brokerage monthly performance metrics for January. Brokerage highlights for the month included: 1.988 million Daily Average Revenue Trades, 24% lower than prior year and 14% higher than prior month. Ending client equity of $337.6B, 4% lower than prior year and 10% higher than prior month. Ending client margin loan balances of $39.5B, 21% lower than prior year and 2% higher than prior month. Ending client credit balances of $99.8B, including $2.4B in insured bank deposit sweeps, 12% higher than prior year and 5% higher than prior month. 2.13 million client accounts, 23% higher than prior year and 2% higher than prior month. 211 annualized average cleared DARTs per client account. Average commission per cleared Commissionable Order of $3.11 including exchange, clearing and regulatory fees.