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Interactive Brokers reports July DARTs up 27% y/y

Interactive Brokers (IBKR) Group reported its Electronic Brokerage monthly performance metrics for July. Brokerage highlights for the month included: 3.498 million Daily Average Revenue Trades, 27% higher than prior year and 1% higher than prior month. Ending client equity of $685.8B, 35% higher than prior year and 3% higher than prior month. Ending client margin loan balances of $67.6B, 20% higher than prior year and 4% higher than prior month. Ending client credit balances of $144.3B, including $6B in insured bank deposit sweeps, 32% higher than prior year and about even with prior month. 3.958 million client accounts, 32% higher than prior year and 2% higher than prior month. 194 annualized average cleared DARTs per client account. Average commission per cleared Commissionable Order of $2.64 including exchange, clearing and regulatory fees.

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