Key insights
- Interactive Brokers reported strong April metrics, including a 48% YoY increase in client equity and an 11% YoY rise in Daily Average Revenue Trades. Increased client assets and trading activity suggest continued investor confidence and participation in the market, which is a mildly bullish signal for US equities.
Interactive Brokers Group Inc. (IBKR) reported April monthly performance metrics showing continued growth in client assets and trading activity.
The company recorded 4.241 million Daily Average Revenue Trades in April, representing an 11% increase from the previous year and a 2% decline from March. Client equity reached $870.9 billion, up 48% year-over-year and 10% from the prior month.
Client margin loan balances totaled $91.3 billion, marking a 57% annual increase and 6% monthly growth. The firm’s client credit balances reached $175.6 billion, including $6.5 billion in insured bank deposit sweeps, representing a 32% year-over-year increase and 4% monthly gain.
The platform served 4.859 million client accounts in April, a 31% increase from the previous year and 2% growth from March. The company reported 189 annualized average cleared Daily Average Revenue Trades per client account.
Commission data showed an average of $2.70 per cleared commissionable order, including exchange, clearing and regulatory fees. Stock trades averaged 739 shares with $2.10 in commissions, while equity options averaged 6.4 contracts at $3.80 per order. Futures transactions averaged 3.0 contracts with $4.13 in commissions.
The company’s GLOBAL currency basket increased 0.42% in April when measured in U.S. dollars. Interactive Brokers reported that its PRO clients’ total cost for executing and clearing U.S. Reg-NMS stocks was approximately 2.4 basis points of trade money in April, measured against a daily volume-weighted average price benchmark. The rolling twelve-month average was 2.1 basis points.
The average U.S. Reg-NMS stock trade value was $24,235 in April. Total commissions and fees represented 0.009% of trade money over the twelve-month period, while execution costs accounted for 0.012% of trade money.