Interactive Brokers' (IBKR) July DARTs Down Sequentially
Zacks Investment Research | Aug 04, 2019 09:06PM ET
Interactive Brokers Group, Inc. (NYSE:IBKR) has released its Electronic Brokerage segment’s performance metrics for July 2019. The segment, which deals with the clearance and settlement of trades for individual and institutional clients globally, reported a sequential decline in Daily Average Revenue Trades (DARTs).
Total client DARTs were 800,000, down 1% from June 2019 but up 7% from July 2018. Total customer accounts grew 1% from the prior month and 17% from the prior-year month to 652,100.
Net new accounts were 7,300, growing 18% sequentially but down 45% year over year. On an annualized basis, the company recorded Cleared Average DARTs per customer accounts of 276,000. This reflects a fall of 1% from June 2019 and 12% from July 2018.
Interactive Brokers’ total options contracts were 28.6 million, up 10% from June 2019 and 13% from July 2018. Also, futures contracts decreased 4% from the prior month but was up 5% from the year-ago month to 10.2 million.
At the end of July, client equity was $155.6 billion, up 2% sequentially and 13% year over year. Further, Interactive Brokers recorded client credit balance of $55.8 billion, up 2% sequentially and 16% from July 2018. The company’s customer margin loan balance of $26.5 billion increased 3% from the previous month but declined 6% from the prior-year month.
Shares of Interactive Brokers have lost 8.3% so far this year against 7.2% rise of the Zacks Investment Research
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