Interactive Brokers Reports a 37% Increase on Its DARTs for May


The average commission per cleared Commissionable Order was also $2.49 including exchange, clearing, and regulatory fees.

Interactive Brokers LLC (NASDAQ: IBKR) released its monthly performance metrics for May, stating that daily average revenue trades, or DARTs, witnessed 2.250 million, 37% higher than the prior year and 3% higher than the last month. According to the report, ending client equity was $348.3 billion, 83% higher than 2020 and 1% higher than April.

Overall, the US-listed brokerage saw a 373 annualized average cleared DARTs per client account in May. On the other hand, 1.39 million client’s accounts were created on the firm, 65% higher than 2020 and 2% higher than April.

The so-called DART is a critical indicator used by most US brokers to measure their clients’ activity.

Furthermore, Interactive Brokers saw another increase in its ending client credit balances’ figures. It was $80.8 billion for May, including $2.7 billion in insured bank deposit sweeps, 15% higher than the prior year and 2% lower than the preceding month, said the report.

Moreover, the report further detailed another uptick saw by the US-listed brokerage regarding their ending client equity in March. The brokerage company accounted for a total of $330.6 billion during the month. Also, ending client margin loan balances in the firm were $45.8 billion, 97% higher than 2020, the year of the coronavirus outbreak, and 2% higher than April.

Although the monthly reading remained slightly changed compared to the prior month, it was 106 percent higher than the one reported the previous year. In terms of transparency, Interactive Brokers stated: “In May, IBKR PRO clients’ total cost of executing and clearing U.S. Reg.-NMS stocks through IB was about 3.7 basis points of trade money, as measured against a daily VWAP6 benchmark (3.2 basis points net cost for the rolling twelve months).”

Interactive Brokers Set a New DARTs Record in February

In February 2021, Interactive Brokers hit a 3.7 million milestone in DARTs numbers, surpassing the previous record set in January at 3.29 million transactions – a 12 percent increase.

Known as the largest US electronic broker, the firm keeps treading international waters, as it has recently opened offices in Europe, specifically in Ireland and Hungary.

Related Articles