Interactive Brokers Group, Inc. 's IBKR Electronic Brokerage segment reported a year-over-year decline in Daily Average Revenue Trades (DARTs) for Apr 2017. The segment deals in clearance and settlement of trades for individual and institutional clients globally.
Total client DARTs were 645,000, down 3% from Apr 2016. Also, DARTs were marginally down from the prior month. However, total customer accounts were up 18% year over year and 1% from the prior month to 411,000.
On an annualized basis, the company recorded Cleared Average DARTs per customer account of 368,000 in April. This reflects a decrease of 17% from the prior-year month and 2% from the previous month.
Interactive Brokers' total option contracts were 20.2 million, down 3% from the year-ago month and 19% from Mar 2017. Moreover, future contracts fell 15% from the prior-year month and 18% from Mar 2017 to 8.9 million.
For the period ended Apr 2017, client equity was $99.3 billion, up 38% year over year and 3% from the previous month.
In addition, Interactive Brokers recorded client credit balance of $44.2 billion for the reported month, up 15% year over year and 1% from the prior month. Further, the company's customer margin loan balance of $21.8 billion increased 40% from the prior-year period and 4% from the preceding month.
Shares of Interactive Brokers lost around 10.5% over the last six months, significantly underperforming the 21.4% increase of the Zacks categorized Financial - Investment Bank industry. As a result, Interactive Brokers carries a Zacks Rank #4 (Sell).
Among other investment brokers, TD Ameritrade Holding Corporation AMTD , The Charles Schwab Corp. SCHW and E*TRADE Financial Corp. ETFC are likely to come up with their respective monthly metrics data in the coming weeks.
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