Its reports indicated a 19% increase in year-over-year (YoY) client accounts, which came in at 2.33m. Despite only boasting a 2% rise compared to the month-over-month (MoM) picture, the broker’s YoY increases are notable.
Its Daily Average Revenue Trades (DARTs) increased by 9% to 1.991m. Cleared DARTs per account came in at a 193 annualised average. In addition, client equity reached $386.2bn, making it 23% higher than the previous year and 6% higher than June 2023.
A significant indicator of these clear improvements is the ending of client margin loan balances. Also, an influential factor is the owing of money to the brokerage from leveraged trades at $43.2m, which increased by 2% from the same time in 2022 and 3% from last month.
Likewise, for ending client credit balances (the money left in accounts after settling trades and fees), the platform recorded $98.8bn, which includes the $3.3bn in insured bank deposit sweeps; these figures boast a 5% increase from 2022 and an equal standing in comparison to June 2023.
Compared to last year, client accounts soared by 19% to 2.33m, representing a minor increase of 2% from the previous month. Although the MoM increases are marginal, they mirror the upward trend evidenced in the YoY reports. Interactive Brokers continually investigate new investment opportunities to boost its growth and investor interest.
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