Interactive Brokers reports an 11% DARTs increase in January, showcasing strong financial performance and market resilience.
Forex broker Interactive Brokers Group, Inc. (Nasdaq: IBKR) presents efficient performance indicators for January, as Daily Average Revenue Trades (DARTs) rose 11% year-on-year to reach 2.201 million.
Forex broker IBKR also illustrates unprecedented numbers of client equity and margin loan balances, which proves that steady growth has increased even in challenging market conditions.
Client's equity increased from the previous year by 26% to $424.0 billion, while its client margin loan balance stands at an encouraging 12% growth all over this period. Client credit balances are $102.5 billion, which shows an increment of 3% compared to the previous year. Nevertheless, there is a small decrease of 2% from the previous month.
It is a good example of a client engagement retention strategy with 2.63 million accounts that have increased by 23% from the previous year and an average of over 190 annual cleared DARTs executed per account.
The average commission per cleared Commissionable Order is $3.03, with futures and options on futures' estimated fees accounting for 56% of the futures commissions.
This performance comes on the heels of a successful Q4 2023, where this public-listed broker recorded a significant increase in net revenue to $1.139 billion and pre-tax income to $816 million. Commission revenues grew by 5%, while net interest income experienced a substantial 29% increase, highlighting the firm's financial resilience and success in navigating market challenges.
In other forex broker news, Interactive Brokers also reached a record for its clients, reaching 2.5 million in November last year.