Interactive Brokers registers 32% Y/Y drop in DARTs in Feb 2022

Online trading major Interactive Brokers Group, Inc. (NASDAQ:IBKR) has just published its key operating metrics for February 2022.

The broker registered 2.499 million Daily Average Revenue Trades (DARTs) in February 2022, 32% lower than prior year and 5% lower than prior month.

Ending client equity was $348.5 billion, 6% higher than prior year and 1% lower than prior month, whereas ending client margin loan balances were $49.2 billion, 17% higher than prior year and 2% lower than prior month.

Interactive Brokers registered 1.76 million client accounts last month, 39% higher than in February 2021 and 2% higher than in January 2022.

Average commission per cleared Commissionable Order was $2.51 including exchange, clearing and regulatory fees.

Speaking of Interactive Brokers’ performance, let’s note that the company reported net revenues of $603 million for the quarter to end-December 2021 and $683 million as adjusted. For the year-ago quarter, reported net revenues were $599 million and $582 million as adjusted. In the third quarter of 2021, net revenues amounted to $464 million.

Commission revenue increased $32 million, or 11%, from the year-ago quarter on the back of higher customer options and futures trading volumes and higher average per share commission in stocks.

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