Interactive Brokers (NASDAQ:IBKR) Group, Inc. IBKR has released the Electronic Brokerage segment’s performance metrics for December 2021. The segment, which deals with the clearance and settlement of trades for individual and institutional clients globally, reported a decline in client Daily Average Revenue Trades (DARTs), both on a year-over-year and a sequential basis.
Total client DARTs in the month were 2,229,000, down 3% from the level in December 2020 and 20% from the November 2021 reading. On an annualized basis, IBKR recorded Cleared Average DARTs per customer account of 299. The metric plunged 38% year over year and 23%, sequentially.
Interactive Brokers’ total customer accounts soared 56% from the prior-year month’s level and 2% from the November 2021 reading to 1.68 million. Net new accounts were 39,600, up 9% from December 2020 but down 27% from the prior month.
Interactive Brokers’ total options contracts were 76.8 million in December, up 29% from the year-ago month’s tally but down 8% from the prior month’s count. Futures contracts increased 32% on a year-over-year basis and 3% from the last month to 14.4 million.
At the end of December 2021, client equity was $373.8 billion, up 30% year over year and marginally on a sequential basis. Interactive Brokers recorded client credit balances of $87.1 billion, up 12% from December 2020 and stable on a sequential basis. IBKR’s customer margin loan balance of $54.6 billion increased 40% year over year but remained relatively stable with the previous month.
Over the past six months, shares of Interactive Brokers have gained 21.2% compared with the industry’s growth of 1%.
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Interactive Brokers currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Some other brokerage firms that will come out with monthly performance metrics in the coming days are Charles Schwab SCHW, Tradeweb Markets (NASDAQ:TW) Inc. TW and LPL Financial (NASDAQ:LPLA) Holdings Inc. LPLA.
At present, Schwab and Tradeweb Markets carry a Zacks Rank of 2 while LPL Financial has a Zacks Rank #3 (Hold).
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The Charles Schwab Corporation (NYSE:SCHW): Free Stock Analysis Report
Interactive Brokers Group, Inc. (IBKR): Free Stock Analysis Report
Tradeweb Markets Inc. (TW): Free Stock Analysis Report
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