Interactive Brokers reports February DARTs up 21% y/y

Interactive Brokers (IBKR) Group reported its Electronic Brokerage monthly performance metrics for February. Brokerage highlights for the month included: 4.366 million Daily Average Revenue Trades, 21% higher than prior year and 1% lower than prior month. Ending client equity of $820B, 40% higher than prior year and 1% higher than prior month. Ending client margin loan balances of $90B, 42% higher than prior year and 1% lower than prior month. Ending client credit balances of $162.0B, including $6.2B in insured bank deposit sweeps, 31% higher than prior year and about even with prior month. 4.646 million client accounts, 31% higher than prior year and 2% higher than prior month. 204 annualized average cleared DARTs per client account. Average commission per cleared Commissionable Order of $2.61 including exchange, clearing and regulatory fees.