Interactive Brokers registers 22% Y/Y increase in DARTs in November 2021

Online trading major Interactive Brokers Group, Inc. (NASDAQ:IBKR) has just posted its key performance metrics for November 2021.

The broker reported 2.793 million Daily Average Revenue Trades (DARTs) for November 2021. The result is 22% higher than in November 2020 and 21% higher than the 2.305 million Daily Average Revenue Trades registered in October 2021.

The broker posted 387 annualized average cleared DARTs per client account.

The number of client accounts also rose. The company registered 1.64 million client accounts, 58% higher than prior year and 3% higher than prior month.

Average commission per cleared Commissionable Order was $2.27 including exchange, clearing and regulatory fees.

Speaking of Interactive Brokers’ performance, let’s note that the broker reported diluted earnings per share of $0.43 for the third quarter of 2021 compared to $0.58 for the equivalent period in 2020, and adjusted diluted earnings per share of $0.78 for this quarter compared to $0.53 for the year-ago quarter.

Net revenues were $464 million in the third quarter of 2021, down from $548 million a year earlier.

Income before income taxes was $234 million for the third quarter of 2021, compared to $334 million for the same period in 2020.

Commission revenue increased $32 million, or 11%, from the year-ago quarter on the back of higher customer stock and options trading volumes.

Net interest income increased $79 million, or 41%, from the year-ago quarter thanks to higher margin loan balances and strong securities lending activity.

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