Interactive Brokers reports growth in client accounts in May
Interactive Brokers reports growth in client accounts in May
Interactive Brokers has released its May 2023 operating figures.
Daily Average Revenue Trades (DARTs) for May 2023 were 1.86 billion, down 19% year-over-year and up 5% month-over-month.
Client assets were down 10% year-over-year to $345.1 billion, but that's up 1% from April 2023, according to the Interactive Brokers report.
In addition, the amount of money clients owe broker for leveraged trades increased by 1% to $39.5 billion. At the same time, the ending balance of client margin credit fell 10% year-over-year.
The number of client accounts increased 19% year-over-year and 2% month-over-month to 2.26 million.
The average fee per executed order was $3.08, including exchange, clearing, and regulatory fees.
We have previously reported that Interactive Brokers has expanded the capabilities of its TWS trading platform to provide clients with more efficient analytical functions.
Interactive Brokers was founded in 1977 and has received many prestigious awards and accolades. The company offers its clients a wide range of services that allow them to actively trade and invest. Despite the absence of a minimum deposit, the broker is focused on working with professional market participants.
