In March 2025, there was a notable increase in Daily Average Revenue Trades (DARTs) reported by a significant player in the electronic trading sector, marking a 44% rise compared to the same month in the previous year. The DARTs for March amounted to approximately 3.471 million. However, this figure represents a 4% decline when juxtaposed against the numbers from February 2025.
Client equity also demonstrated substantial growth, with the total reaching $573.5 billion. This figure showcases a significant increase of 23% year-over-year, though it saw a slight 2% decrease from the previous month. The firm reported a growing client base, which hit 3.62 million accounts, reflecting a 32% rise from March 2024 and a modest 2% increase from the preceding month.
In terms of account dynamics, March saw the creation of approximately 87.7 thousand new accounts. This was contrasted with an estimate of 74.4 thousand, indicating discrepancies attributed to about 13.3 thousand accounts that were surrendered to government authorities as required by legal regulations.
When analyzing the financial metrics, the average commission per cleared Commissionable Order stood at $2.85, which includes a range of fees related to exchanges, clearing, and regulatory responsibilities.
Furthermore, net revenues for the final quarter of 2024 were reported at $1,387 million, with an adjusted figure of $1,424 million. Income before tax estimates indicated $1,040 million for the same quarter, adjusted to $1,077 million. Additionally, net interest income saw an 11% rise, reaching $807 million, which can be attributed to increased average customer margin loans along with higher customer credit balances.
The latest performance metrics indicate a robust operational footing, with an evident increase in both trading activity and client engagement, which reflects ongoing developments in the electronic trading landscape.