Mon, June 05, 2023

Interactive Brokers Records 10% Deep in DARTs for April 2022

Broker News

Interactive Brokers’ figures reported 2.204 million DARTs, 1% higher than the prior year and 10% lower than last month. Ending client equity was $324.5 billion, 6% lower than last year and 9% lower than the prior month.

Moreover, closing client margin loan balances hit $46.8 billion, 4% higher than the prior-year and 3% lower than March.

In other figures, 1.85 million client accounts were opened, 36% higher than in 2021 and 2% higher than the prior month. Additionally, the brokerage has announced several key appointments and revenue figures for Q1 2022, underscoring its continued growth in the industry despite the recent DARTs decline.

Jill Bright, an experienced business leader, and independent director, was recently appointed as Independent Director at Interactive Brokers. Bright brings extensive experience from her work at New York University’s Stern School of Business and her time on the Quadrennial Advisory Commission, which evaluates and makes compensation recommendations for elected NYC Officials under Mayor de Blasio.

Q1 2022 Revenues and Recent Appointments

In addition to Bright’s appointment, Interactive Brokers reported strong Q1 revenues of $645 million, driven by increased options and futures trading volumes. The brokerage has also seen impressive growth in its client base, with 1.85 million accounts opened in the first quarter of 2022.

Interactive Brokers has witnessed a 10% decrease in DARTs for April despite these positive developments, underscoring the industry’s continuing challenges.

Nevertheless, with a strong board and continued focus on innovation and client experience, the company is well-positioned to weather the current climate and emerge even stronger.


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