Interactive Brokers, a global electronic brokerage firm listed on Nasdaq as IBKR, has released its performance figures for December 2023. The metrics, including DARTs and client account numbers, are notably strong. Additionally, Rich Repetto has been appointed to the company's Board of Directors.

Trading Activity

DARTs, which represent daily average revenue trades, indicate the number of trades generating revenue for customers. Interactive Brokers saw a 13% year-on-year increase in DARTs, totaling 1.972 million, with a 4% rise compared to November. This growth underscores customer trust and the platform's expansion, with expectations for further DART growth in January 2024.

Client Equity

Client equity surged by 39% annually and 5% month-on-month to reach $426 billion, complementing the competitive commission structure. Interactive Brokers' average commission stands at $3.17, covering fees, with stock commissions averaging $2.02 and equity options at $4.36 per contract.

Client Margin Loan Balances

Client margin loan balances notably increased by 14% year-on-year, reaching $44.4 billion in December 2023. While a quarterly loss of $0.3 million was noted, the annual gain amounted to $8.4 million, showcasing a positive trajectory for the company.

Client Credit Balances and Client Accounts

Client credit balances rose by 10% to $104.5 billion, accompanied by a significant increase in client accounts. December saw the addition of 2.56 million accounts, marking a 23% surge year-on-year. The comparison of DARTs to client accounts highlights an annualized average of 172 DARTs per account.

Further updates from Interactive Brokers report the company's licensing for retail crypto trading in Hong Kong, positioning it as a prominent player in the region's crypto segment.

Conclusion

With rising DARTs and the expansion into retail crypto trading in Hong Kong, Interactive Brokers is poised for continued growth in 2024. The appointment of Rich Repetto as an independent director signals progress, and the company anticipates further advancements under his guidance.