Interactive Brokers Checks In, Trading Flat, Accounts Up; IBKR, TRAD
| 02 December 2009
Interactive Brokers Group reported some surprisingly resilient November metrics today. Total customer accounts bumped up 2% versus the previous month and customer equity was up 4%. DARTs were basically flat, trending down just 1% from the previous month. Shedding more light on th trading activity, the company reported options contracts and stock shares trading declined 16% and 13% respectively. But putting things in perspective, this activity is still much higher than one year ago.
So it remains to be seen whether Q4 is really putting the hurt on the brokers. We can't call it yet. But stay tuned -- optionsXpress is next.
Details include:
- 131.8 thousand customer accounts, 20% higher than November 2008 and 2% higher than prior month.
- Ending customer equity of $14.7 billion, 77% higher than November 2008 and 4% higher than prior month.
- Ending customer credit balances of $10.7 billion and customer margin loan balances of $3.4 billion.
- 360 thousand Daily Average Revenue Trades (DARTs) in November 2009, down 1% from prior month.
- 619 annualized average cleared DARTs per customer account.
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