Interactive Brokers Group Inc. (Nasdaq: IBKR), a leader in automated global electronic brokerage, concluded 2024 on a high note, reporting strong growth across critical metrics. The firm saw a surge in Daily Average Revenue Trades (DARTs), client equity, and client accounts, reflecting a growing client base and increased trading activity.
Key Performance Highlights
- Daily Average Revenue Trades (DARTs): December 2024 saw 3.267 million DARTs, marking a 66% year-over-year increase, despite a 1% dip from November.
- Client Equity: Total client equity reached $568.2 billion, up 33% year-over-year, although slightly down by 1% month-over-month.
- Client Accounts: The number of accounts climbed to 3.34 million, a 30% increase compared to December 2023 and a 3% rise from November.
- Margin Loan Balances: Increased by 45% year-over-year to $64.2 billion, with a 7% month-over-month growth.
- Client Credit Balances: Grew 15% year-over-year to $119.7 billion, with a modest 1% monthly rise.
Cost-Effective Trading Metrics
Interactive Brokers maintained its reputation for efficiency, with the average commission per cleared commissionable order at $2.58. Key trading product averages included:
- Stock Trades: 862 shares per order at an average commission of $1.84.
- Futures Trades: Averaged 3.1 contracts with commissions at $4.56.
For U.S. Regulated National Market System (Reg.-NMS) stock trades, the average transaction size in December was $18,726, with IBKR PRO clients incurring total execution costs of approximately 5.7 basis points.
Year-End Financial Overview
The firm reported mark-to-market gains of $0.3 million for the quarter and $1.8 million for the year on U.S. government securities. These gains underscore Interactive Brokers’ prudent financial strategies and strong market positioning.
Robust Global Presence
Operating across more than 150 markets worldwide, Interactive Brokers’ platform provides services to individual investors, hedge funds, proprietary trading groups, and financial advisors. The company’s focus on technology and automation continues to deliver superior execution prices, robust risk management tools, and a comprehensive investment platform.
Looking Ahead
Interactive Brokers’ stellar 2024 performance positions it for continued success in 2025. With a focus on innovation and cost-effectiveness, the company is well-prepared to meet evolving client needs in a dynamic global trading environment.
For more details, visit the Interactive Brokers website.