Interactive Brokers Reports 22% Rise of YoY in November DARTs

Interactive Brokers LLC, a prominent trading electronic venue in the United States, has revealed its November trading figures, which saw a 22% increase in daily average revenue trades, or DARTs.

In terms of DARTs, the broker recorded 2.793 million for the month, 21% more than the previous month.

Furthermore, according to the statistics released on Wednesday, customer equity for the previous month was $373.6 billion. It was up 39% from the same month last year, but 2% from the preceding month.

In addition, Interactive Brokers ended its month under $54.4 billion in the balances of loan margin, up 65 percent from the previous year and 1% from the earlier month. The credit amount was $87.3 billion at the end of November, the same as October, but up 16 percent from November 2020.

Buying More Clients

The American broker stated that it had 1.64 million client accounts at the end of November. This is a 58 percent increase compared to the previous 3 percent increase from October. In addition, the broker provided 387 yearly average cleared DARTs for every customer account.

The broker’s commission for each cleared order was $2.27, which comprised exchange, clearing, and regulatory costs. The firm stated that it estimates exchange and regulatory expenses to represent 56 percent of futures commissions.”

Meanwhile, all Interactive Brokers enhanced their offers by adding new services. It began offering bitcoin trading to its US clients early this year, and it teamed up with JP Morgan to add demands for a payment service.

About Interactive Brokers

Every reliable Interactive Broker review by users of the platform is highly positive. Interactive Brokers (IBKR) is a digital platform for trading that provides trade brokerage services to its clients. This platform provides consumers with the opportunity to become active traders in a variety of marketplaces.

The company provides brokerage services on trades, operates and manages the platform. In the 2020 worldwide evaluation, Interactive Brokers was one of the leading online forex trading brokers. One of the most important variables determining its performance is the quality of its trading tools. Interactive Brokers has several tools that can effectively follow global investment trends.

Trevor Holman

Trevor Holman follows crypto industry since 2011. He joined CryptoNewsZ as a news writer and he provides technical analysis pieces and current market data. He is also an avid trader. In his free time, he loves to explore unexplored places.

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