Interactive Brokers reports January DARTs up 11% y/y

Interactive Brokers Group reported its Electronic Brokerage monthly performance metrics for January. Brokerage highlights for the month included: 2.201 million Daily Average Revenue Trades, 11% higher than prior year and 12% higher than prior month. Ending client equity of $424B, 26% higher than prior year and about even with prior month. Ending client margin loan balances of $44.3B, 12% higher than prior year and about even with prior month. Ending client credit balances of $102.5B, including $3.8B in insured bank deposit sweeps, 3% higher than prior year and 2% lower than prior month. 2.63 million client accounts, 23% higher than prior year and 2% higher than prior month. 190 annualized average cleared DARTs per client account. Average commission per cleared Commissionable Order of $3.03 including exchange, clearing and regulatory fees.