Electronic trading major Interactive Brokers Group, Inc. (NASDAQ:IBKR) has just reported its operating metrics for August 2024.
The broker registered 2.712 million Daily Average Revenue Trades (DARTs) in August 2024, 40% higher than in August 2023 and 2% lower than in July 2024.
Ending client equity was $515.3 billion, 36% higher than prior year and 1% higher than prior month.
Interactive Brokers registered 3.06 million client accounts, 29% higher than prior year and 2% higher than prior month.
The average commission per cleared Commissionable Order amounted to $2.80 including exchange, clearing and regulatory fees.
Interactive Brokers has recently posted its financial results for the second quarter of 2024.
Net revenues were $1,230 million for the quarter to end-June 2024 and $1,290 million as adjusted. For the year-ago quarter, reported net revenues were $1,000 million and $1,064 million as adjusted.
Income before income taxes was $880 million for the second quarter of 2024 and $940 million as adjusted.
Commission revenue increased 26% to $406 million on higher customer trading volumes. Customer trading volume in options, stocks and futures increased 35%, 26% and 10%, respectively.
Net interest income increased 14% to $792 million on higher benchmark interest rates, customer margin loans and customer credit balances. Other fees and services increased $21 million, or 45%, to $68 million, driven primarily by increases of $14 million in risk exposure fees and $3 million each in payments for order flow from exchange-mandated programs and FDIC sweep program fees.
