Interactive Brokers Group, Inc.’s (IBKR) Electronic Brokerage segment reported a rise in its brokerage metrics for Dec 2014. The segment deals with clearance and settling of trades for both individual and institutional clients on a global basis.
Total customer Daily Average Revenue Trades (DARTs) were 590,000, up 23% from Dec 2013 and 2% from Nov 2014. Further, total customer accounts grew 17% from the prior-year month and 1% from the preceding month to 281,100.
Interactive Brokers recorded Cleared Customer DARTs of 536,000, increasing 24% from Dec 2013 and 2% from Nov 2014. Moreover, on an annualized basis, Cleared Average DARTs per customer account of 480,000 increased 5% from the comparable prior-year period and 1% from the prior-month level.
Interactive Brokers’ total option contracts came in at 25.4 million, up 13% from the year-ago month and 27% from prior-month level. Future contracts grew 41% from Dec 2013 and 38% from Nov 2014 to 10.5 million.
Interactive Brokers also provides data related to period-end statistics for customer equity, credit balances and margin loan balances. For the period ended Dec 2014, customer equity was $56.7 billion, rising 24% year over year but declining 1% sequentially.
Further, Interactive Brokers recorded customer credit balances of $31.5 billion in the reported month, up 22% from Dec 2013 but down 2% from Nov 2014. Also, the company’s customer margin loan balance of $16.9 billion rose 25% from the prior-year month but fell 10% from the preceding month.
We believe that Interactive Brokers is well poised to gain from the innate volatility of the equity market. Hence, if such a market scenario prevails, trading activities of Interactive Brokers will continue to support its top-line growth.
Currently, Interactive Brokers carries a Zacks Rank #3 (Hold).Some better-ranked investment brokers include GAIN Capital Holdings, Inc. (GCAP), FXCM Inc. (FXCM) and JMP Group Inc. (JMP). All these stocks sport a Zacks Rank #1 (Strong Buy).
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