Interactive Brokers Group Inc., which provides foreign exchange services, has reported its operating results for August 2023.
The company reported daily average revenue trades (DART) for August 2023 of 1.931 million, down 2% year-over-year and down 3% from July 2023.
According to the report, client equity totaled $377.6 billion in August, up 22% from last August and down 2% from the previous month. Client margin loan balances totaled $42.1 billion, also down 2% from a year ago.
Client accounts totaled 2.37 million in August, up 19% from last year.
The average brokerage commission per transaction was $3.09, including exchange, clearing, and regulatory fees.
Interactive Brokers also announced that net revenues for the second quarter of 2023 were $1.0 billion and $1.064 billion on an adjusted basis. Last year, these figures were $656 million and $717 million, respectively.
The company's pre-tax income was $652 million for the second quarter of 2023 and $716 million on an adjusted basis. Last year, pretax income was $392 million, or $453 million on an adjusted basis. Fees and commissions were flat at $322 million.
Options contract volume rose 9 percent, while futures and equities contract volume fell 3 percent and 28 percent, respectively.
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