Interactive Brokers' quarterly profit leaps on brisk trading

July 21 (Reuters) - Trading ‌platform Interactive ​Brokers ​reported a 35% rise in second-quarter profit on Tuesday, bolstered by elevated trading activity due ‌to a sharp rally in U.S. equity markets ⁠during the period.

The S&P 500 and Nasdaq posted strong gains ‌during the April-to-June quarter as ‌investors looked past geopolitical uncertainty and remained optimistic about AI-driven earnings growth.

Here are some more details:

• The ​broker's net interest income rose 23% to $1.06 billion in the second quarter, as a result of ⁠higher average customer margin loans and credit balances.

• Commission revenue - the amount ​the brokerage earns when clients execute trades - increased 30% in the reported quarter compared to ​the prior year supported by ‌higher customer trading volumes across major asset classes, including equities, futures and options.

• Daily ⁠average revenue trades, or DARTs, which signify the average trades per day generating commissions or fees, rose 36% in ⁠the quarter to 4.82 million trades.

• The Greenwich, Connecticut-based company reported ​net income available for common stockholders of $312 million, or 69 cents per share, for the three months ended June 30, ‌compared with $224 million, or 51 cents per share, for the same period, in the ‌prior year.

• Peer brokerage firm Charles Schwab also posted ⁠a record second-quarter profit, ‌boosted by robust ​trading activity and increased asset management fees.

(Reporting by Rishab Shaju in Bengaluru; Editing by Shailesh ‌Kuber)

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