Interactive Brokers announces its July financial results
Interactive Brokers announces its July financial results
Interactive Brokers has released its financial results for July, reporting a 9% year-over-year increase in average daily average revenue trades (DART).
On a month-over-month basis, DART increased 2% to 1.991 million for the period.
According to Interactive Brokers' report, ending client equity (the funds clients had in their trading accounts at the end of the month) reached $386.2 billion in July, up 23% from the same period a year ago and up 2% on a month-over-month basis.
Final customer margin balances increased 2% year-over-year and 3% month-over-month to $43.2 billion in July.
Ending client margin loan balances totaled $98.8 billion, including $3.3 billion in insured bank deposits.
Client accounts increased 19% year-over-year and 2% month-over-month to 2.33 million in July.
The average commission per cleared commissionable order is $3.01, including exchange, clearing, and regulatory fees.
The breakdown showed that the average commission per cleared commission order for key products was:
- Stocks - $1.88.
- Equity options - $4.42.
- Futures - $4.20.
Notably, the broker continues to expand and strengthen its business. At the end of July, Interactive Brokers added 10,000 US-listed stocks and exchange-traded funds (ETFs) to its overnight trading offering. The broker has also partnered with Darwinex to attract experienced traders who are ready to take advantage of its multi-asset and multi-platform infrastructure.
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