In September 2025, an electronic trading company reported a significant rise in its key operating metrics, showcasing a 47% increase in Daily Average Revenue Trades (DARTs) compared to the same month the previous year. This substantial growth reflects an upward trend in trading activity, with 3.864 million DARTs recorded, which also surpasses August 2025 figures by 11%.
The financial standing of the brokerage exhibited robust growth as well. The ending client equity totaled $757.5 billion, marking a 40% increase from the prior year and a 6% rise from the previous month. Client margin loan balances also saw a notable increase, reaching $77.3 billion—up by 39% year-over-year and 8% month-over-month.
Client credit balances expanded to $154.8 billion, which includes $6.2 billion in insured bank deposit sweeps. This reflects a 33% yearly increase and a 6% month-over-month growth. The company registered a total of 4.127 million client accounts, which is a 32% increase compared to the previous year and 2% higher than the month prior.
In terms of account growth, September saw the addition of 111.9 thousand real accounts, contrasting with a calculated change of 73.1 thousand accounts. The discrepancy can be traced back to the exit of one introducing broker, responsible for 38.8 thousand accounts and approximately $413.5 million in client assets. The firm anticipates that an additional 2.9 thousand accounts may close following September 30 due to this withdrawal.
For the second quarter of 2025, the firm disclosed earnings per share of $0.51, both on a reported and adjusted basis. The reported and adjusted net revenues for this period stood at $1,480 million. Moreover, both reported and adjusted income before income taxes mirrored each other at $1,104 million, highlighting improved operational efficiency.
Commission revenue surged by 27%, amounting to $516 million, driven by an increase in customer trading volumes across various instruments. Specifically, trading volumes in stocks, options, and futures grew by 31%, 24%, and 18%, respectively, underscoring heightened market participation and trading activity.
Overall, the reported metrics and financial growth illustrate a strong demand for trading services and robust client engagement within the electronic trading space, suggesting a positive outlook for future business performance and market activity.