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Interactive Brokers Nears $1 Trillion Client Equity in May as Trading Activity Jumps 47%
Interactive Brokers reported higher trading activity and continued growth in client assets and account numbers in May, according to its latest monthly operating metrics. The electronic brokerage said Daily Average Revenue Trades reached 4.969 million during the month. The figure was 47% higher than in May last year and 17% above April's level. Credit Balances Rise Alongside Client Equity: Client equity rose to $937.3 billion at the end of May. This represented a 49% increase from a year earlier and an 8% gain from the previous month. The total client asset balance is approaching the $1 trillion mark. Margin lending ... (full story)
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