Interactive Brokers (IBKR) Reports A Rise In December DARTs

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

Total client DARTs came in at 953,000, increasing 36% from December 2017 and 5% from November 2018. Total customer accounts grew 24% from the prior-year month and 1% sequentially to 598,200.

Net new accounts totaled 5,600, decreasing 37% year over year and 25% from the prior month. On an annualized basis, the company recorded Cleared Average DARTs per customer account of 360,000. This reflects a rise of 5% year over year and 4% from November 2018.

Interactive Brokers’ total options contracts were 28.5 million, increasing 19% from December 2017 but declining 2% from the previous month. Likewise, futures contracts jumped 26% from the prior-year month but declined 4% from the last month to 12.4 million.

At the end of December 2018, client equity was $128.4 billion, up 3% year over year but down 6% from the previous month. Further, Interactive Brokers recorded client credit balance of $49.3 billion, increasing 4% from the prior-year month but declining 2% sequentially. However, the company’s customer margin loan balance of $26.9 billion decreased 9% from December 2017 and 5% from the preceding month.

Interactive Brokers’ shares have lost 7.7% in 2018 compared with the industry’s decline of 24.7%.



The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Among other investment brokers, LPL Financial Holdings Inc. (NASDAQ:LPLA) , The Charles Schwab Corp. (NYSE:SCHW) and E*TRADE Financial Corp. (NASDAQ:ETFC) are likely to come up with their respective monthly metrics information with their quarterly results.

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LPL Financial Holdings Inc. (LPLA): Free Stock Analysis Report

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Interactive Brokers Group, Inc. (IBKR): Free Stock Analysis Report

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