Interactive Brokers Group, Inc.’s IBKR Electronic Brokerage segment reported a year-over-year improvement in its brokerage metrics for November 2015. The segment deals with clearance and settling of trades for both individual and institutional clients on a global basis.
Total client DARTs were 640,000, up 11% from November 2014, but down 2% from October 2015. Further, total customer accounts were 329,100, up 18% from the prior-year month and 1% from the preceding month.
Interactive Brokers recorded Cleared Client DARTs of 579,000, up 10% from November 2014, but down 3% from October 2015. On an annualized basis, Cleared Average DARTs per customer account of 444,000 fell 7% from the year-ago period and 4% from the prior-month level.
Interactive Brokers’ total option contracts were 21.9 million, up 9% from the year-ago month but down 22% from the prior month. Future contracts climbed 23% from November 2014, but fell 6% from October 2015 to 9.3 million.
Interactive Brokers also provides data related to period-end statistics for client equity, credit balances and margin loan balances. For the period ended October 2015, client equity was $67.3 billion, up 17% year over year and 1% from the prior-month level.
Moreover, Interactive Brokers recorded client credit balance of $37.1 billion in the reported month, up 15% from November 2014 and 3% from October 2015. Further, the company’s customer margin loan balance of $16.5 billion fell 12% from the prior-year month, but increased 6% from the preceding month.
We expect Interactive Brokers to see improvement in its monthly metrics, as the company remains well poised to gain from volatility of the equity market. Further, if such a market scenario prevails, strong trading activities are expected to accelerate the company’s top-line growth.
Currently, Interactive Brokers carries a Zacks Rank #3 (Hold). Other investment brokerage firms worth considering include Arlington Asset Investment Corp. AI, E*TRADE Financial Corporation ETFC and KCG Holdings, Inc. KCG. While E*TRADE Financial sports a Zacks Rank #1 (Strong Buy), Arlington Asset and KCG Holdings hold a Zacks Rank #2 (Buy).
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