Interactive Brokers posts 53% jump in June DARTs, client equity at $930B

Interactive Brokers posted 5.269 million daily average revenue trades in June, up 53% from a year earlier, the electronic broker said Wednesday.

"In the interest of transparency, we quantify our IBKR PRO clients' all-in cost of trade execution," the company said in the release. IBKR PRO clients paid 3.2 basis points of trade money for U.S. stock trades in June, compared with a rolling 12-month average of 2.3 basis points.

Ending client equity stood at $930.3 billion, up 40% from a year earlier but down 1% from May. Margin loan balances climbed 67% year-over-year to $108.5 billion, while client credit balances reached $182.4 billion, including $6.4 billion in insured bank deposit sweeps. Client accounts grew 34% to 5.185 million.

Shares rose as much as 6% following the release, according to Investing.com data. The 53% surge in daily average revenue trades signals elevated retail trading activity that could boost commission revenue in the second quarter.

The average commission per cleared commissionable order was $2.52, including exchange, clearing and regulatory fees. Stock trades averaged $2.09 on 618 shares, equity options averaged $3.64 on 6.2 contracts, and futures averaged $3.84 on 2.8 contracts. The company reported 222 annualized average cleared DARTs per client account, and the average U.S. Reg-NMS stock trade was $22,855 in June.

The mark-to-market loss on the company's U.S. government securities portfolio was $318,000 for the quarter ended June 30. The value of the GLOBAL, a basket of 10 major currencies in which the company bases its net worth, decreased 0.48% in June and 0.21% for the quarter.

The strong June metrics suggest Interactive Brokers is capturing a growing share of retail trading volume as markets remain active. Investors will watch the company's second-quarter earnings report for the full financial impact of the acceleration.

This article is for informational purposes only and does not constitute investment advice.