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<p>Interactive Brokers (Nasdaq: IBKR), a popular American electronic <a href="https://www.financemagnates.com/terms/t/trading-platform/" target="_blank" id="f85800b2-ccf5-4f50-9e8e-780d32afc6f6_1" class="terms__main-term">trading platform</a> with a global presence, published its performance metrics for August. The Daily Average Revenue Trades (DARTs) came in at 1.968 million, which was 8 percent higher than the previous month, but 9 percent lower than the prior year.</p><p>The broker ended the month with client equity of $310.1 billion, which was 1 percent lower than the previous month but declined 15 percent from the previous year. The client margin loan balance strengthened by 2 percent monthly to $43.1 billion, which was 13 percent lower.</p><p>The client's credit balance, at the end of August, stood at $95.9 billion, which was 2 percent higher than in July and 13 percent greater than in August 2021. The figure includes $2.1 billion in insured bank deposit sweeps.</p><p>Additionally, the broker witnessed a healthy increase in clients on its platform. It ended the month with 1.99 million client accounts, which is a 2 percent monthly jump and 33 percent higher than the same month of the previous year.</p><p>On average, it cleared 222 annualized DARTs per client. The average commission of the broker per cleared commissionable order was $2.87, including exchange, <a href="https://www.financemagnates.com/terms/c/clearing/" target="_blank" id="6c3ba510-6f30-4e6e-9b3a-f43b62dcb8d3_1" class="terms__secondary-term">clearing</a> and regulatory fees.</p><p>2022 Performance</p><p><a href="https://www.financemagnates.com/tag/interactive-brokers/" target="_blank">Interactive Brokers</a> reported a drop in its revenue for both the first and second quarters of 2022. Between January and March, it generated <a href="https://www.financemagnates.com/forex/brokers/interactive-brokers-ends-q1-2022-with-28-revenue-drop/" target="_blank">net revenue of $645 million</a>, while in the next three months the net revenue came in at $656 million. The decline in the first and <a href="https://www.financemagnates.com/forex/brokers/interactive-brokers-sees-q2-revenue-dip-despite-36-jump-in-clients/" target="_blank">second quarters </a>was 28 percent and 13 percent, respectively.</p><p>The broker's pre-tax income came in at $394 million for Q1 and $392 million for Q2. Both figures declined when compared to the similar quarter of the previous year.</p>

This article was written by Arnab Shome at www.financemagnates.com.