Interactive Brokers Group, Inc. (IBKR Quick QuoteIBKR - Free Report) has released the Electronic Brokerage segment’s performance metrics for September 2021. The segment, which deals with the clearance and settlement of trades for individual as well as institutional clients globally, reported a surge in client Daily Average Revenue Trades (DARTs) both on a year-over-year and sequential basis. This was mainly driven by volatile markets.

Total client DARTs were 2,260,000, which grew 16% from September 2020 and 4% from August 2021. On an annualized basis, the company recorded Cleared Average DARTs per customer account of 334. The metric declined 26% year over year but grew 2% sequentially.

Total customer accounts soared 57% from the prior-year month and 3% from August 2021 to 1.54 million. Also, net new accounts were 43,400, up 29% from September 2020 and 5% from August 2021.

Interactive Brokers’ total options contracts were 69.7 million for September, up 30% from the year-ago month and 2% from the prior month. Futures contracts were stable on a year-over-year basis and grew 28% from the last month to 14 million.

At the end of September 2021, client equity was $353.8 billion, up 52% year over year but down 3% sequentially. Also, Interactive Brokers recorded client credit balances of $86.2 billion, up 22% from September 2020 and 2% on a sequential basis. The company’s customer margin loan balance of $50.2 billion jumped 67% year over year and 1% from the previous month.

Over the past year, shares of Interactive Brokers have rallied 30.1%, underperforming 80.4% growth recorded by the industry it belongs to.

Image Source: Zacks Investment Research

Interactive Brokers 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 discount brokers, Tradeweb Markets Inc. (TW Quick QuoteTW - Free Report) is set to report monthly performance metrics in the coming days, while LPL Financial Holdings Inc. (LPLA Quick QuoteLPLA - Free Report) and Charles Schwab (SCHW Quick QuoteSCHW - Free Report) will announce the same along with their respective quarterly performance.