Interactive Brokers Reports Fewer DARTs for August 2021

abdelaziz Fathi

Interactive Brokers LLC (NASDAQ:IBKR) saw 2.17 million daily average revenue trades, or DARTS, in August 2021 compared to 2.36 million in July. One thing to note is that there was 1 day less in August.

Although the figure is higher by nearly 25 percent on a yearly basis, the listed broker had seen this metric down by 8 percent relative to its July counterpart. Interactive Brokers is hardly the only platform seeing such sluggish growth last month as all of its publicly traded rivals have also reduced their trading volume from their July’s totals.

Although most US brokers now offer commission-free trades on almost all exchange-traded products, the so-called DARTs are still a key brokerage industry standard for measuring their clients’ activity.

Furthermore, Interactive Brokers has won more clients, with total August’s active accounts up to 1.49 million accounts the previous month. The figure was higher by 3 percent from 1.45 million accounts reported in the month prior and 54 percent year-over-year when compared to August 2020.

Interactive Brokers seemingly loosens its grip on borrowed margins, which were reduced last month amid fears over the impact of the spreading coronavirus on its traders’ bets. The company’s client margin loans rose to a record $49.7 billion in August 2021 from $47.9 billion in July.

On average, in August 2021, Interactive Brokers charged clients commission fees of $2.39 per order, relative to $2.38 in July. This figure includes exchange, clearing and regulatory fees, with the key products metrics coming out at $1.68 for stocks, $3.46 for equity options, and $4.31 for futures orders.

2020 and 2021 have been the busiest trading years on record in the US, with almost all big brokers and major exchanges sensing the intensity of the huge turnover that was only seen in the depths of the financial crisis in 2008., However, the rapid shifts in the retail scene resulted in Robinhood’s turnover to outperform all of the incumbent brokerage firms.

Ranked as the largest electronic broker in the US by some metrics, Interactive Brokers has been expanding its presence in Europe in 2021 as it continues to grow its international business. The discount broker  expects to expand its staffing substantially this year to accommodate its recently-established offices in Hungary and Ireland.

Read this next

Executive Moves

TopFX promotes Omar Al-Janabi to head of sales and business development

Prime brokerage firm TopFX has strengthened its Middle East operations with the promotion of Omar Al-Janabi, who is taking on an expanded role as global head of sales and business development.

Retail FX

Plus500 says 2022 revenue to be ‘significantly’ ahead of analysts’ estimates

Israeli-based, but London-stock market listed Plus500 said it expects annual revenue and earnings to be ahead of analysts’ estimates even as trading levels normalised from record volumes in the first quarter.

Digital Assets

Crypto derivatives giant BitMEX launches spot market

Crypto exchange BitMEX is looking to branch out of its singular focus on crypto derivatives with a suite of new product offerings. Although derivatives are to remain at the heart of BitMEX’s business, the popular platform will add spot crypto trading as it aims to aggressively grow their user base.


PrimeXM reports mixed trading volumes for April

PrimeXM has reported weaker trading volumes for April 2022, in line with other institutional and retail platforms that saw the activity of their clients dropped compared to a month earlier.

Digital Assets

DLT Finance approved by BaFin to support brokerage and custody of digital assets

DLT Finance is already partnered with big names within the digital asset space, including Kraken, Bitstamp, B2C2, and Bittrex.

Institutional FX

LUKB taps vestr to launch actively managed products, AMCs

The partnership with vestr goes to show the growing importance of digitising the active investment management space.

Digital Assets

Jewel taps Tokeny to launch stablecoin-as-a-service solution on Polygon

Jewel aims to offer a stablecoin-as-a-service solution to other digital asset and financial institutions B2B, allowing those businesses to provide cheaper, easier and near real time payments with stablecoins issued and redeemable directly at the bank level at Jewel.

Industry News

SEC charges $410+ million Ponzi scheme with pre-IPO shares

We allege that the defendants deceived investors about the pre-IPO shares they held, how much they were charging in fees, and who was controlling the business—all while paying themselves more than $75 million.

Industry News

FNZ taps data analytics GIST to address ESG ratings bias

The allocation of capital is critical to driving the change required to transition to net-zero and building a more sustainable economy and society.