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Interactive Brokers Reports 4.3 Million DARTs in October as Monthly Activity Rises 5%

Interactive Brokers reported 5.68 million client accounts at October-end, up 34% from a year earlier and 2% from September. Daily Average Revenue Trades (DARTs), its average daily trade count, were 4.31 million, down 4% year-on-year but up 5% month-on-month.

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What happened

Interactive Brokers reported 5.68 million client accounts at October-end, up 34% from a year earlier and 2% from September. Daily Average Revenue Trades (DARTs), its average daily trade count, were 4.31 million, down 4% year-on-year but up 5% month-on-month.

Confirmed

Global impact / market context

More accounts and higher monthly trading activity can support Interactive Brokers’ commission revenue, while the year-on-year drop in DARTs shows activity was weaker than a year earlier. Rising margin loans may also increase interest income, but the article gives no revenue or profit figures.

Analyst inference

The monthly figures show mixed trends: accounts and margin loans grew from September, while client equity and credit balances fell 4% and 3%, respectively. These changes matter because trading drives commissions and client balances can influence interest income and the funds available to the broker.

Analyst inference

What to watch

  1. Check whether DARTs continue rising month-on-month; sustained trading growth would support commission revenue, while a reversal could weaken this source of income. Analyst inference
  2. Watch next month’s client account and balance figures, especially client equity and credit balances, to see whether October’s monthly declines continue or reverse. Analyst inference
  3. Compare future margin loan balances with trading activity: loans rose 2% from September, but the report does not state how much interest income they generated. Analyst inference

Evidence