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Interactive Brokers' September DARTs Decline Sequentially

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Interactive Brokers Group, Inc. (IBKR - Free Report) has released its Electronic Brokerage segment’s performance metrics for September 2019. The segment, which deals with the clearance and settlement of trades for individual and institutional clients globally, reported a sequential decrease in Daily Average Revenue Trades (DARTs).

Total client DARTs were 842,000, down 9% from August 2019 but up 4% from September 2018. Total customer accounts grew 1% from the prior month and 16% from the prior-year month to 666,200.

Net new accounts were 6,700, declining 9% sequentially and 32% year over year. On an annualized basis, the company recorded Cleared Average DARTs per customer accounts of 288,000. This reflects a fall of 11% from August 2019 and 10% from September 2018.

Interactive Brokers’ total options contracts were 30.6 million, down 10% from August 2019 but up 22% from September 2018. Also, futures contracts declined 23% from the prior month but grew 17% from the year-ago month to 10.9 million.

At the end of September, client equity was $156.6 billion, up 1% sequentially and 10% year over year. Further, Interactive Brokers recorded client credit balance of $55.6 billion, up 2% on a sequential basis and 9% from September 2018. The company’s customer margin loan balance of $25.6 billion was on par with August 2019 level but declined 17% from the prior-year month.

Among other investment brokers, LPL Financial Holdings Inc. (LPLA - Free Report) , Charles Schwab (SCHW - Free Report) and E*TRADE Financial (ETFC - Free Report) are likely to report monthly metrics information soon along with third-quarter results.

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