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Interactive Brokers Profit Climbs on Surge in Futures Activity

A 13% spike in futures trading volume helped drive Interactive Brokers Group to a $314 million profit in the third quarter, significantly outpacing the $263 million reported during the same period last year. The brokerage firm outperformed revenue expectations as its active user base expanded by more than a third.

Interactive Brokers Profit Climbs on Surge in Futures Activity

The company reported earnings of 69 cents per share, meeting analyst forecasts on an adjusted basis. Total revenue climbed to $1.91 billion, bolstered by a 12% increase in commission revenue that reached $602 million. This financial growth occurred despite a 24% decline in stock trading volumes and a marginal 1% dip in options activity.

Investor interest remains high, with total customer equity rising 27% to $964.7 billion. The firm now services 5.58 million customer accounts, a 35% increase year-over-year. Reflecting this robust performance, the board of directors raised the quarterly dividend to 15 cents, nearly doubling the previous payout of 8.75 cents.

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