Interactive Brokers reports April brokerage metrics with client equity growth

Interactive Brokers Group Inc. (NASDAQ: IBKR) reported April monthly performance metrics showing continued growth in client assets and trading activity.

The company recorded 4.241 million Daily Average Revenue Trades in April, representing an 11% increase from the previous year and a 2% decline from March. Client equity reached $870.9 billion, up 48% year-over-year and 10% from the prior month.

Client margin loan balances totaled $91.3 billion, marking a 57% annual increase and 6% monthly growth. The firm's client credit balances reached $175.6 billion, including $6.5 billion in insured bank deposit sweeps, representing a 32% year-over-year increase and 4% monthly gain.

The platform served 4.859 million client accounts in April, a 31% increase from the previous year and 2% growth from March. The company reported 189 annualized average cleared Daily Average Revenue Trades per client account.

Commission data showed an average of $2.70 per cleared commissionable order, including exchange, clearing and regulatory fees. Stock trades averaged 739 shares with $2.10 in commissions, while equity options averaged 6.4 contracts at $3.80 per order. Futures transactions averaged 3.0 contracts with $4.13 in commissions.

The company's GLOBAL currency basket increased 0.42% in April when measured in U.S. dollars. Interactive Brokers reported that its PRO clients' total cost for executing and clearing U.S. Reg-NMS stocks was approximately 2.4 basis points of trade money in April, measured against a daily volume-weighted average price benchmark. The rolling twelve-month average was 2.1 basis points.

The average U.S. Reg-NMS stock trade value was $24,235 in April. Total commissions and fees represented 0.009% of trade money over the twelve-month period, while execution costs accounted for 0.012% of trade money.

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