Interactive Brokers (IBKR) Witnesses Increase In May DARTs

Interactive Brokers Group, Inc. (NYSE:IBKR) released its Electronic Brokerage segment’s performance metrics for May 2019. The segment, which deals with the clearance and settlement of trades for individual and institutional clients globally, reported sequential and year-over-year rise in Daily Average Revenue Trades (DARTs).

Total client DARTs were 894,000, up 15% from April 2019 as well as from May 2018. Total customer accounts grew 1% from the prior month and 20% from the prior-year month to 638,600.

Net new accounts were 7,900, falling 4% sequentially but increasing 3% year over year. On an annualized basis, the company recorded Cleared Average DARTs per customer accounts of 317,000. This reflects an increase of 14% from April 2019 but a fall of 8% from May 2018.

Interactive Brokers’ total options contracts were 32.8 million, up 20% from April 2019 and 26% from May 2018. Similarly, futures contracts increased 54% from the prior month and 5% from the prior-year month to 12.8 million.

At the end of May, client equity was $144.2 billion, down 5% sequentially but up 7% year over year. Further, Interactive Brokers recorded client credit balance of $53.1 billion, almost stable sequentially but up 11% from May 2018. The company’s customer margin loan balance of $25.9 billion declined 3% from the prior month and 16% from the prior-year month.

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 report their monthly metrics information in the coming days.

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