Interactive Brokers' DARTs for August 2024 Up 40% YoY, Down Slightly from July

Interactive Brokers Group, Inc., an automated global electronic broker, has reported its Electronic Brokerage monthly performance metrics for August. Interactive Brokers registered 2.712 million Daily Average Revenue Trades (DARTs) in the month, a significant increase of 40% year-over-year (YoY) and a slight decrease of 2% compared to the prior month’s 2.756 million. 

Other brokerage highlights for August included: 

• Ending client equity of $515.3 billion, 36% higher than the prior year and 1% higher than the prior month. 
• Ending client margin loan balances of $54.9 billion, 30% higher than the prior year and 2% lower than the prior month. 
• Ending client credit balances of $112.1 billion, including $4.4 billion in insured bank deposit sweeps, 13% higher than the prior year and 3% higher than the prior month. 
• 3.06 million client accounts, 29% higher than the prior year and 2% higher than the prior month. 
• 198 annualized average cleared DARTs per client account. 
• Average commission per cleared Commissionable Order of $2.80 including exchange, clearing, and regulatory fees.