Interactive Brokers reports March DARTs up 25% y/y

Interactive Brokers (IBKR) Group reported its Electronic Brokerage monthly performance metrics for March. Brokerage highlights for the month included: 4.329 million Daily Average Revenue Trades, 25% higher than prior year and 1% lower than prior month. Ending client equity of $789.4B, 38% higher than prior year and 4% lower than prior month. Ending client margin loan balances of $86B, 35% higher than prior year and 4% lower than prior month. Ending client credit balances of $168.8B, including $6.5B in insured bank deposit sweeps, 35% higher than prior year and 4% higher than prior month. 4.754 million client accounts, 31% higher than prior year and 2% higher than prior month. 199 annualized average cleared DARTs per client account. Average commission per cleared Commissionable Order of $2.74 including exchange, clearing and regulatory fees.