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Interactive Brokers' (IBKR) November DARTs Increase Y/Y

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Interactive Brokers Group, Inc. (IBKR - Free Report) has released its Electronic Brokerage segment’s performance metrics for November 2018, yesterday. The segment, which deals with the clearance and settlement of trades for individual and institutional clients globally, reported a year-over-year rise in Daily Average Revenue Trades (DARTs).

Total client DARTs came in at 907,000, increasing 14% from November 2017 but decreasing 8% from October 2018. Total customer accounts grew 25% from the prior-year month and 1% from the prior month to 592,600.

Net new accounts totaled 7,500, decreasing 21% year over year as well as from the prior month. On an annualized basis, the company recorded Cleared Average DARTs per customer account of 347,000. This reflects declines of 12% year over year and 9% from the previous month.

Interactive Brokers’ total options contracts were 29.1 million, increasing 5% from November 2017 but declining 22% from the previous month. Likewise, futures contracts surged 18% from the prior-year month but declined 17% from the last month to 12.9 million.

At the end of November 2018, client equity was $136.2 billion, up 12% year over year and 2% from the previous month. Further, Interactive Brokers recorded client credit balance of $50.5 billion, increasing 6% from the prior-year month but declining 1% sequentially. The company’s customer margin loan balance of $28.3 billion grew 4% from November 2017 but fell 2% from the preceding month.

Interactive Brokers’ shares have lost 1.1% over the past year compared with the industry’s decline of 14.9%.

The stock currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Among other investment brokers, TD Ameritrade Holding Corporation (AMTD - Free Report) , The Charles Schwab Corp. (SCHW - Free Report) and E*TRADE Financial Corp. (ETFC - Free Report) are likely to come up with their respective monthly metrics information in the coming days.

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