Interactive Brokers reports October DARTs down 2% y/y

Interactive Brokers Group reported its Electronic Brokerage monthly performance metrics for October. Brokerage highlights for the month included: 1.934 million Daily Average Revenue Trades, 2% lower than prior year and 8% higher than prior month. Ending client equity of $367.2B, 24% higher than prior year and 1% lower than prior month. Ending client margin loan balances of $42.1B, 7% higher than prior year and 3% lower than prior month. Ending client credit balances of $96.7B, including $3.5B in insured bank deposit sweeps, 2% higher than prior year and 1% lower than prior month. 2.48 million client accounts, 22% higher than prior year and 2% higher than prior month. 176 annualized average cleared DARTs per client account. Average commission per cleared Commissionable Order of $3.16 including exchange, clearing and regulatory fees.