Interactive Brokers reports May DARTs up 27% y/y

Interactive Brokers Group reported its Electronic Brokerage monthly performance metrics for May. Brokerage highlights for the month included: 2.360 million Daily Average Revenue Trades, 27% higher than prior year and 1% higher than prior month. Ending client equity of $486.3B, 41% higher than prior year and 6% higher than prior month. Ending client margin loan balances of $53.1B, 33% higher than prior year and 5% higher than prior month. Ending client credit balances of $106.7B, including $4B in insured bank deposit sweeps, 8% higher than prior year and 1% higher than prior month. 2.86 million client accounts, 27% higher than prior year and 2% higher than prior month. 186 annualized average cleared DARTs per client account. Average commission per cleared Commissionable Order of $3.01 including exchange, clearing and regulatory fees.