Interactive Brokers' (IBKR) November DARTs Increase Y/Y

Interactive Brokers Group, Inc. (NYSE:IBKR) has released its Electronic Brokerage segment’s performance metrics for November 2018, yesterday. The segment, which deals with the clearance and settlement of trades for individual and institutional clients globally, reported a year-over-year rise in Daily Average Revenue Trades (DARTs).

Total client DARTs came in at 907,000, increasing 14% from November 2017 but decreasing 8% from October 2018. Total customer accounts grew 25% from the prior-year month and 1% from the prior month to 592,600.

Net new accounts totaled 7,500, decreasing 21% year over year as well as from the prior month. On an annualized basis, the company recorded Cleared Average DARTs per customer account of 347,000. This reflects declines of 12% year over year and 9% from the previous month.

Interactive Brokers’ total options contracts were 29.1 million, increasing 5% from November 2017 but declining 22% from the previous month. Likewise, futures contracts surged 18% from the prior-year month but declined 17% from the last month to 12.9 million.

At the end of November 2018, client equity was $136.2 billion, up 12% year over year and 2% from the previous month. Further, Interactive Brokers recorded client credit balance of $50.5 billion, increasing 6% from the prior-year month but declining 1% sequentially. The company’s customer margin loan balance of $28.3 billion grew 4% from November 2017 but fell 2% from the preceding month.

Interactive Brokers’ shares have lost 1.1% over the past year compared with the industry’s decline of 14.9%.



The stock currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Among other investment brokers, TD Ameritrade Holding Corporation (NASDAQ:AMTD) , The Charles Schwab Corp. (NYSE:SCHW) and E*TRADE Financial Corp. (NASDAQ:ETFC) are likely to come up with their respective monthly metrics information in the coming days.

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