Interactive Brokers reports July DARTs up 9% y/y

Interactive Brokers Group reported its Electronic Brokerage monthly performance metrics for July. Brokerage highlights for the month included: 1.991 million Daily Average Revenue Trades, 9% higher than prior year and 2% higher than prior month. Ending client equity of $386.2 B, 23% higher than prior year and 6% higher than prior month. Ending client margin loan balances of $43.2B, 2% higher than prior year and 3% higher than prior month. Ending client credit balances of $98.8B, including $3.3B in insured bank deposit sweeps, 5% higher than prior year and about even with prior month. 2.33 million client accounts, 19% higher than prior year and 2% higher than prior month. 193 annualized average cleared DARTs per client account. Average commission per cleared Commissionable Order of $3.01 including exchange, clearing and regulatory fees.