The electronic trading firm has recently revealed its operational performance metrics for February 2025, showcasing a significant increase in trading activity. The number of Daily Average Revenue Trades (DARTs) reached 3.617 million, representing a remarkable 48% rise compared to February 2024, and a 4% increase from January 2025.
The ending client equity stood at $587.8 billion, which is 31% higher compared to the same period last year. However, this figure reflects a slight decline of 1% when compared to the previous month. In terms of client margin loan balances, these reached $63.3 billion, denoting a 34% year-on-year increase but also a decrease of 2% from January 2025.
The number of client accounts also saw a substantial uptick, totaling 3.54 million. This figure is 32% greater than the count from February 2024 and shows a 3% rise from January 2025.
When breaking down costs, the average commission per cleared Commissionable Order was reported at $2.80, which includes various fees associated with exchanges, clearing, and regulatory requirements.
Further details regarding the overall financial performance reveal that net revenues for the fourth quarter of 2024 amounted to $1.387 billion, with an adjusted figure of $1.424 billion. Additionally, the income before taxes for the final quarter of 2024 was reported at $1.04 billion, which adjusts to $1.077 billion when taking certain factors into account.
Net interest income also saw an 11% increase, rising to $807 million, attributed to higher average customer margin loans and elevated customer credit balances.
This robust performance in February reinforces the trading firm’s position in the market and reflects an overall positive trend in client engagement and financial activity within the brokerage sector.