Interactive Brokers Group Inc.
's (
IBKR
) Electronic Brokerage segment has announced its monthly brokerage
data for January 2012. The segment under review clears and settles
trades globally for both individual and institutional clients.
Interactive's total customer accounts for January were 190,600,
up 18% from 161,000 in January 2011 and 1% from 189,100 in December
2011. Moreover, total customer Daily Average Revenue Trades (DARTs)
were in line with the prior-year month and jumped 12% from the
prior month to 418,000.
Further during January, Interactive recorded Cleared Customer
DARTs of 381,000 at par with January 2011 and up from 343,000 in
December 2011. On an annualized basis, the company reported Cleared
Average DART per customer account of 504,000, down from 602,000 in
the comparable month last year but up from 459,000 recorded in the
previous month.
Interactive's total options contracts fell 8% from the
prior-year month but grew 9% from the prior month to 20,422 in
January 2012. However, during the reported month, the company's
futures contracts stood at 5,847, down from 6,383 in the year-ago
month and 6,365 in the previous month.
Interactive also provides period-end statistics for customer
equity, customer credit balances and customer margin loan balances.
For the period ended January 2012, customer equity stood at $27.1
billion, growing 19% year over year and 8% sequentially.
Additionally, Interactive's Electronic Brokerage segment
recorded customer margin loan balances of $7.4 billion in the
reported month, flat year over year and up 6% sequentially. The
company's customer credit balances of $17.6 billion at January
2012-end jumped 17% from $15.0 billion at January 2011-end and 6%
from $16.6 billion at December 2011-end.
Though Interactive's fundamentals remain strong with a liquid
balance sheet, sturdy capital base and high barriers to entry, we
remain concerned about the Market Making segment's ability to
consistently generate sufficient returns for funding dividend
payments. However, continued strong performance of its brokerage
business and the restoring of quarterly dividend were quite
impressive.
Currently, Interactive retains a Zacks #2 Rank (a short-term
'Buy' rating). However, one of its peers,
Knight Capital Group Inc.
(
KCG
) retains a Zacks # 3 Rank (a short-term 'Hold' rating).
INTERACTIVE BRK (
IBKR
): Free Stock Analysis Report
KNIGHT CAP GP (
KCG
): Free Stock Analysis Report
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