GREENWICH, CT - Interactive Brokers (NASDAQ:IBKR) Group has released its Electronic Brokerage segment metrics for November, revealing a sequential decrease in Daily Average Revenue Trades (DARTs) but an increase in both client accounts and equity.
The firm reported a drop in total client DARTs to 1,898,000 and cleared client DARTs to 1,695,000. The Cleared Average DARTs per customer account also saw a decline to an annualized rate of 170 trades.
Despite the downturn in trading activity, Interactive Brokers experienced a robust annual growth in customer accounts, reaching a total of 2.52 million. This expansion was complemented by a monthly rise in client equity to $404.3 billion and an increase in margin loans for the year to $42.2 billion.
November's data indicated a decrease in net new accounts from October, yet it still represented a significant uptick from the previous year with 42,000 new accounts added during the month. In the options market, there was an overall decrease in contracts from October; however, there was an uptick from the previous year with about 87.4 million contracts traded. Futures contracts remained stable with an unchanged yearly volume of approximately 16.9 million contracts traded.
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