Interactive Brokers Nears $1 Trillion Client Equity in May as Trading Activity Jumps 47%
Interactive Brokers
reported higher trading activity and continued growth in client assets and
account numbers in May, according to its latest monthly operating metrics.
The electronic
brokerage said Daily Average Revenue Trades reached 4.969 million during the
month. The figure was 47% higher than in May last year and 17% above April’s
level.
Credit Balances Rise Alongside Client
Equity
Client equity rose to
$937.3 billion at the end of May. This represented a 49% increase from a year
earlier and an 8% gain from the previous month. The total client asset balance
is approaching the $1 trillion mark.
Margin lending also
increased. Interactive Brokers reported ending client margin loan balances of
$100.9 billion, up 65% year-over-year and 11% higher than at the end of April.
Client credit balances
reached $180.1 billion. The total included $6.4 billion held in insured bank
deposit sweep programs. Credit balances increased 34% compared with the same
month last year and were 3% higher than the previous month.
Margin Loans Lead Growth Across Metrics
The broker continued
to expand its client base. It ended May with 4.995 million client accounts, a
32% increase from a year ago and 3% higher than in April.
Interactive Brokers
also reported 216 annualized average cleared DARTs per client account. Average
commission per cleared commissionable order was $2.60, including exchange,
clearing, and regulatory fees.
The latest figures
continue a trend of growth for the brokerage. Trading volumes, client assets,
margin balances, and account numbers all recorded double-digit annual increases
during the month.
Among the reported
metrics, margin loan balances posted the fastest year-over-year growth, rising
65%. Client equity followed with a 49% increase, while DARTs rose 47%. Client
credit balances and account numbers increased 34% and 32%, respectively.
IBKR Adds Claude for Client Trading
The firm also integrated
access to Anthropic’s Claude through its certified connector marketplace,
allowing clients to connect existing accounts using standard login credentials
to research markets, review portfolios and generate trade instructions.
No additional account or funding is
required. AI-generated instructions are routed to a review tab and are executed
only after client approval. Trading currently covers stocks and ETFs.
This article was written by Tareq Sikder at www.financemagnates.com.
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