Interactive Brokers' August Metrics Up Y/Y, Trades Improve - Analyst Blog


Interactive Brokers Group, Inc. 's ( IBKR ) Electronic Brokerage segment recorded a year-over-year increase in brokerage metrics for Aug 2014. The segment deals with clearing and settling of trades for both individual and institutional clients on a global basis.

Total customer Daily Average Revenue Trades (DARTs) were 495,000, up 5% from Aug 2013 but down 6% from Jul 2014. Moreover, total customer accounts grew 17% from the prior-year month and 1% from the preceding month to 268,800.

Interactive Brokers recorded Cleared Customer DARTs of 449,000, increasing 6% from Aug 2013 but declining 7% from Jul 2014. However, on an annualized basis, Cleared Average DARTs per customer account of 421,000 decreased 10% from the comparable prior-year period and 8% from the prior-month level.

Interactive Brokers' total option contracts came in at 21.5 million, up 4% from the year-ago month but down 13% from the prior-month level. Nevertheless, future contracts fell 6% from Aug 2013 and 1% from Jul 2014 to 8.2 million.

Interactive Brokers also provides data related to period-end statistics for customer equity, credit balances and margin loan balances. For the period ended Aug 2014, customer equity was $55.7 billion, rising 40% year over year and 4% sequentially.

Further, Interactive Brokers recorded customer credit balances of $29.5 billion in the reported month, up 24% from Aug 2013 and 4% from Jul 2014. Moreover, the company's customer margin loan balance of $16.6 billion rose 39% from the prior-year month and 4% from the last month.

We believe that Interactive Brokers is well positioned to gain from the innate volatility of the equity market. Therefore, expecting such a market scenario to prevail, trading activities of Interactive Brokers will continue to support its top-line growth.

Currently, Interactive Brokers carries a Zacks Rank #4 (Sell).

Other investment brokers that are expected to report their monthly metrics in the coming weeks include TD Ameritrade Holding Corporation ( AMTD ), The Charles Schwab Corporation ( SCHW ) and E*TRADE Financial Corporation ( ETFC ).

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ, Inc.

This article appears in: Investing , Business , Stocks

Referenced Stocks: ETFC , SCHW , IBKR , AMTD

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