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Interactive Brokers (IBKR) March DARTs Up Y/Y on Strong Market
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Interactive Brokers Group, Inc. (IBKR - Free Report) released the Electronic Brokerage segment’s performance metrics for March 2021. The segment, which deals with the clearance and settlement of trades for individual and institutional clients globally, reported a surge in Daily Average Revenue Trades (DARTs) for the reported month.
Total client DARTs were 2,998,000, soaring 53% from March 2020 but down 19% from February 2021. On an annualized basis, the company recorded Cleared Average DARTs per customer accounts of 522. This reflects a year-over-year fall of 13% and 23% sequentially.
Total customer accounts grew 74% from the prior-year month and 5% from February 2021 to 1.33 million. Net new accounts were 60,200, skyrocketing 51% from March 2020 but declining 21% from February 2021.
Interactive Brokers’ total options contracts were 79 million in March, up 64% from the year-ago month and 9% from the prior month. Futures contracts fell 29% on a year-over-year basis but rose 22% from the last month to 15.4 million.
At the end of March 2021, client equity was $330.6 billion, up 106% year over year and remained flat sequentially. Also, Interactive Brokers recorded client credit balances of $84.5 billion, up 30% from March 2020 but down 1% on a sequential basis. The company’s customer margin loan balance of $42.2 billion grew 113% year over year and was in line with the previous month.
Over the past six months, shares of Interactive Brokers have rallied 47.1% compared with 65.1% growth recorded by the industry it belongs to.
Among other discount brokers, LPL Financial Holdings Inc. (LPLA - Free Report) , Charles Schwab (SCHW - Free Report) and Tradeweb Markets Inc. (TW - Free Report) are set to report monthly performance metrics in the coming days.
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Interactive Brokers (IBKR) March DARTs Up Y/Y on Strong Market
Interactive Brokers Group, Inc. (IBKR - Free Report) released the Electronic Brokerage segment’s performance metrics for March 2021. The segment, which deals with the clearance and settlement of trades for individual and institutional clients globally, reported a surge in Daily Average Revenue Trades (DARTs) for the reported month.
Total client DARTs were 2,998,000, soaring 53% from March 2020 but down 19% from February 2021. On an annualized basis, the company recorded Cleared Average DARTs per customer accounts of 522. This reflects a year-over-year fall of 13% and 23% sequentially.
Total customer accounts grew 74% from the prior-year month and 5% from February 2021 to 1.33 million. Net new accounts were 60,200, skyrocketing 51% from March 2020 but declining 21% from February 2021.
Interactive Brokers’ total options contracts were 79 million in March, up 64% from the year-ago month and 9% from the prior month. Futures contracts fell 29% on a year-over-year basis but rose 22% from the last month to 15.4 million.
At the end of March 2021, client equity was $330.6 billion, up 106% year over year and remained flat sequentially. Also, Interactive Brokers recorded client credit balances of $84.5 billion, up 30% from March 2020 but down 1% on a sequential basis. The company’s customer margin loan balance of $42.2 billion grew 113% year over year and was in line with the previous month.
Over the past six months, shares of Interactive Brokers have rallied 47.1% compared with 65.1% growth recorded by the industry it belongs to.
The company currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Among other discount brokers, LPL Financial Holdings Inc. (LPLA - Free Report) , Charles Schwab (SCHW - Free Report) and Tradeweb Markets Inc. (TW - Free Report) are set to report monthly performance metrics in the coming days.
Bitcoin, Like the Internet Itself, Could Change Everything
Blockchain and cryptocurrency has sparked one of the most exciting discussion topics of a generation. Some call it the “Internet of Money” and predict it could change the way money works forever. If true, it could do to banks what Netflix did to Blockbuster and Amazon did to Sears. Experts agree we’re still in the early stages of this technology, and as it grows, it will create several investing opportunities.
Zacks’ has just revealed 3 companies that can help investors capitalize on the explosive profit potential of Bitcoin and the other cryptocurrencies with significantly less volatility than buying them directly.
See 3 crypto-related stocks now >>