Shares of Interactive Brokers Group, Inc. (IBKR Quick QuoteIBKR - Free Report) have rallied 7% since the release of its Electronic Brokerage segment’s performance metrics for September. The segment, which deals with the clearance and settlement of trades for individual and institutional clients globally, reported a sequential rise in Daily Average Revenue Trades (DARTs).

Cleared client DARTs for the month were 1,758,000, up 1% from August 2022 but down 13% from September 2021. On an annualized basis, IBKR recorded Cleared Average DARTs per customer account of 221. The metric was flat sequentially but plunged 34% from the prior-year period.

Further, total client DARTs were 1,961,000 in September 2022, at par with the August level and down 13% year over year.

Interactive Brokers’ total customer accounts rose 1% from the prior month’s level and 31% from September 2021, reaching 2.01 million. Net new accounts were 24,300, plunging 35% from August 2022 and 44% from the prior-year month.

Interactive Brokers’ total options contracts were 71.5 million in September, falling 3% from the prior month but increasing 3% from the prior-year month. Futures contracts were 19 million, increasing 18% on a sequential basis and 36% year over year.

At the end of September 2022, client equity was $287.1 billion, down 7% sequentially and 19% year over year. Interactive Brokers recorded client credit balances of $94.7 billion, declining 1% from August 2022 but growing 10% from September 2021. IBKR’s customer margin loan balance of $40.5 billion fell 6% from the previous month and 19% year over year.

Over the past six months, shares of Interactive Brokers have gained 6.6% against the industry’s 2.7% decline.

Image Source: Zacks Investment Research

Interactive Brokers currently has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Some other brokerage firms like Charles Schwab (SCHW Quick QuoteSCHW - Free Report) and LPL Financial Holdings Inc. (LPLA Quick QuoteLPLA - Free Report) will come out with monthly performance metrics along with their quarterly numbers.

At present, Schwab carries a Zacks Rank #3 (Hold), while LPL Financial sports a Zacks Rank of 1.