Interactive Brokers Group, Inc. (Nasdaq: IBKR), a leading global automated electronic brokerage, released its September 2024 performance metrics, showing significant year-over-year growth in key financial metrics. The report emphasizes strong trading activity and a significant increase in clientele, reinforcing the company's position as a dominant player in the brokerage industry.

Interactive Brokers recorded 2.634 million daily average revenue trades (DARTs) in September, up 46% from the same period last year. However, DARTs were 3% lower compared to the previous month, reflecting slight seasonal fluctuations in trading activity. The company's customer base reached 3.12 million accounts, up 28% year-on-year and 2% higher than in August.

One of the key metrics in the report is client equity, which totaled $541.5 billion, up 46% from the previous year and up 5% from last month. This reflects growing investor confidence and increasing capital inflows to the Interactive Brokers platform. In addition, client margin loan balances reached $55.8 billion, up 28% year-on-year and indicative of increased leverage utilization among clients. Margin loan balances were up 2% from August.

Customer loan balances also grew substantially, totaling $116.7 billion at the end of September, including $4.6 billion in insured bank deposits. That's up 19% year-over-year and up 4% from the previous month, suggesting strong customer cash reserves.

The broker also reported an average commission per executed order of $2.88, which includes exchange, clearing and regulatory fees. Key product categories include stocks with an average order size of 1,015 shares and a commission of $2.04, stock options with an average of 6.3 contracts and a commission of $3.92, and futures with 3.0 contracts per order with an average commission of $4.34.

The breakdown shows that 56% of futures commissions are due to exchange, clearing and regulatory fees, demonstrating the cost-effectiveness of the broker's platform in managing large-scale futures trading.

Interactive Brokers' solid performance in September underscores Interactive Brokers' continued ability to expand its client base, increase trading volumes and manage significant levels of client capital and margin lending. With its innovative platform and strong performance, Interactive Brokers continues to be the preferred choice for global investors seeking advanced trading solutions.