GREENWICH — Interactive Brokers Group’s customer base burgeoned during the first two years of the COVID-19 pandemic, as retail investors spent more time on their portfolios. Despite a dismal 2022 for many investors, which was marked by the worst year for the benchmark S&P 500 index since 2008, the brokerage’s user base has kept growing during the past few months.
In the fourth quarter of 2022, Greenwich-based Interactive Brokers’ number of customer accounts increased 25 percent year over year, to 2.09 million, according to results released Tuesday by the company.
But the market headwinds contributed to a 22 percent drop, to 1.89 million, in the company’s daily average of revenue-producing trades. Those transactions include stocks and contracts for futures and options, with the firm making money from trade commissions.