In December 2024, a major electronic trading firm reported significant growth in its Daily Average Revenue Trades (DARTs), achieving a remarkable 66% increase year-over-year. The firm recorded approximately 3.267 million DARTs, which represents a slight decrease of 1% from the figures seen in November 2024. This increase demonstrates a strong performance compared to the same month in the previous year.
The firm’s ending client equity also showed considerable growth, reaching $568.2 billion, which is 33% higher than the previous year’s results. However, there was a slight decline of 1% compared to the previous month. Additionally, ending client margin loan balances rose to $64.2 billion, reflecting a notable 45% increase year-over-year and 7% from the prior month, indicating a healthy demand for margin lending among clients.
Furthermore, the report highlighted the company’s ending client credit balances of $119.7 billion, which included $4.9 billion in insured bank deposit sweeps. This total represents a 15% rise compared to the same period last year and an increase of 1% from November 2024.
Client growth was also robust, with the firm reporting a total of 3.34 million client accounts, marking a 30% increase from December 2023 and a 3% growth compared to November 2024. This trend suggests increased interest in the firm’s trading services, as more clients are engaging with the platform.
Regarding transaction costs, the average commission per cleared Commissionable Order was reported at $2.58. This figure encompasses various fees, including exchange, clearing, and regulatory fees, and suggests that pricing remains competitive for users of the firm’s trading services.
Overall, these metrics indicate a solid performance by the trading platform, reflecting increasing trading activity and client engagement within the industry during the month of December 2024. The significant year-over-year growth rates signify a positive trend that is likely to be attractive to investors and stakeholders in the financial services sector.