Electronic trading major Interactive Brokers Group, Inc. (NASDAQ:IBKR) just released its key operating metrics for February 2024.
The broker reported 2.443 million Daily Average Revenue Transactions (DARTs) for February 2024, 15% higher than February 2023 and 11% higher than January 2024.
End customer equity was $448.2 billion, up 35% from last year and up 6% from last month.
The broker reported 2.69 million customer accounts, 24% higher than last year and 2% higher than the previous month.
The average commission per cleared order was $2.85, including exchange, clearing and regulatory fees.
Interactive Brokers recently reported its financial metrics for the final quarter of 2023.
Reported net income was $1,139 million for the fourth quarter of 2023 and $1,149 million as adjusted. Reported income before income taxes was $816 million for the final quarter of 2023 and $831 million as adjusted.
Commission revenue rose 5% from the prior quarter to $348 million. Client trading volume was mixed across product types with options and futures volumes down 21% and 4%, respectively, while equity volume was down 22%.
Net interest income increased 29% from the fourth quarter of 2022 to $730 million on higher benchmark rates, customer margin loans and customer credit balances.