Interactive Brokers (Nasdaq: IBKR), a major American
electronic trading platform, has released on Monday some monthly operating
metrics for April, reporting a decrease in the Daily Average Revenue Trades
(DARTs) on a monthly basis.
According to the figures, 2.204 million DARTs were reported
in the brokerage, which is 1% higher than the prior year and 10% lower than
last month. Ending client equity was $324.5 billion, which is 6% lower than
last year and 9% lower than the prior month. Moreover, ending client margin
loan balances hit $46.8 billion, 4% higher than the prior year and 3% lower
than March.
In other figures, 1.85 million client accounts were opened,
which is 36% higher than in 2021 and 2% higher than the prior month. Also, 269
annualized average cleared DARTs per client account was reported, while ending
client credit balances was $91.2 billion, including $2.2 billion in insured
bank deposit sweeps, which is 11% higher than last year and 1% lower than the prior
month.
Q1 2022 Revenues and Recent Appointments
As reported by Finance Magnates in April, the broker
generated net revenue of $645 million between January and March, which is a
year-over-year decline of almost 28%. On adjusted bases, this figure came in at
$692 million, compared to $796 million a year before.
Additionally, the broker has detailed that its
commission-based revenue declined by 15% to $349 million. The drop in this
figure resulted from an “unusually active trading period last year, but was
aided by higher customer options and futures trading volumes.”
Also, Interactive Brokers appointed Jill Bright as an
Independent Director of the firm. Bright completed her MBA at New York
University’s Stern School of Business, and she was appointed to the Quadrennial
Advisory Commission, which evaluates and makes compensation recommendations for
elected New York City Officials under Mayor de Blasio.
Interactive Brokers (Nasdaq: IBKR), a major American
electronic trading platform, has released on Monday some monthly operating
metrics for April, reporting a decrease in the Daily Average Revenue Trades
(DARTs) on a monthly basis.
According to the figures, 2.204 million DARTs were reported
in the brokerage, which is 1% higher than the prior year and 10% lower than
last month. Ending client equity was $324.5 billion, which is 6% lower than
last year and 9% lower than the prior month. Moreover, ending client margin
loan balances hit $46.8 billion, 4% higher than the prior year and 3% lower
than March.
In other figures, 1.85 million client accounts were opened,
which is 36% higher than in 2021 and 2% higher than the prior month. Also, 269
annualized average cleared DARTs per client account was reported, while ending
client credit balances was $91.2 billion, including $2.2 billion in insured
bank deposit sweeps, which is 11% higher than last year and 1% lower than the prior
month.
Q1 2022 Revenues and Recent Appointments
As reported by Finance Magnates in April, the broker
generated net revenue of $645 million between January and March, which is a
year-over-year decline of almost 28%. On adjusted bases, this figure came in at
$692 million, compared to $796 million a year before.
Additionally, the broker has detailed that its
commission-based revenue declined by 15% to $349 million. The drop in this
figure resulted from an “unusually active trading period last year, but was
aided by higher customer options and futures trading volumes.”
Also, Interactive Brokers appointed Jill Bright as an
Independent Director of the firm. Bright completed her MBA at New York
University’s Stern School of Business, and she was appointed to the Quadrennial
Advisory Commission, which evaluates and makes compensation recommendations for
elected New York City Officials under Mayor de Blasio.
Source: https://www.financemagnates.com/forex/brokers/interactive-brokers-witnesses-a-10-decrease-in-darts-for-april-2022/