Interactive Brokers reports March DARTs down 16% y/y

Interactive Brokers Group reported its Electronic Brokerage monthly performance metrics for March. Brokerage highlights for the month included: 2.055 million Daily Average Revenue Trades, 16% lower than prior year and 3% lower than prior month. Ending client equity of $343.1B, 4% lower than prior year and 3% higher than prior month. Ending client margin loan balances of $39.4B, 18% lower than prior year and 1% higher than prior month. Ending client credit balances of $96.6B, including $2.4 billion in insured bank deposit sweeps, 4% higher than prior year and 1% lower than prior month. 2.20 million client accounts, 21% higher than prior year and 2% higher than prior month. 213 annualized average cleared DARTs per client account. Average commission per cleared Commissionable Order of $3.21 including exchange, clearing and regulatory fees.