Back to top

Analyst Blog

Interactive Brokers Group, Inc.’s (IBKR - Analyst Report) Electronic Brokerage segment witnessed a rise in brokerage metrics for Oct 2013. The segment clears and settles trade globally for both individual and institutional clients.

Total customer Daily Average Revenue Trades (DARTs) improved 32% from Oct 2012, and 7% from Sep 2013 to 510,000. Further, total customer accounts climbed 13% from the prior-year month and 1% from the prior month to 234,000 in the reported month.

Interactive Brokers recorded Cleared Customer DARTs of 425,000, increasing 25% from Oct 2012 and 1% from Sep 2013. Moreover, on an annualized basis, Cleared Average DARTs per customer account of 499,000 rose 13% from the comparable prior-year period and 6% from the prior-month level.

Additionally, Interactive Brokers’ total option contracts increased 32% from the year-ago month and 31% from the prior-month level to 25,381. Moreover, future contracts rose 22% from Oct 2012 and 11% from Sep 2013 to 9,311.

Interactive Brokers also provided data related to period-end statistics for customer equity, customer credit balances and customer margin loan balances. For the period ended Oct 2013, customer equity was $43.1 billion, rising 36% year over year and 4% from the prior month.

Further, Interactive Brokers recorded customer credit balances of $25.4 billion in the reported month, increasing 25% from Oct 2012 and 3% from the prior month. Additionally, the company’s customer margin loan balances of $12.6 billion at the end of Oct 2013 rose 37% from $9.2 billion at the end of Oct 2012, but declined 1% from $12.7 billion at the end of Sep 2013.

Rising trading activities will likely boost the company’s financials. Moreover, interest rate scenario, though still low, is expected to be stable and consequently aid the company’s profit making activities in the medium term. However, dependence on IBG LLC and its wide international exposure remain plausible concerns.

Currently, Interactive Brokers carries a Zacks Rank #2 (Buy). Other investment brokers worth considering include E*TRADE Financial Corporation (ETFC - Analyst Report), The Charles Schwab Corporation (SCHW - Analyst Report) and Evercore Partners Inc. (EVR - Snapshot Report). All these stocks carry the same Zacks Rank as Interactive Brokers.

Please login to or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research


Are you a new Zacks Member or a visitor to

Top Zacks Features

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
GTT COMMUNI… GTT 11.65 +4.11%
ALLERGAN IN… AGN 161.82 +3.99%
CLAYTON WIL… CWEI 117.06 +3.73%
GREENBRIER… GBX 69.63 +2.37%
RF MICRO DE… RFMD 12.02 +2.04%