Interactive Brokers Reports Y/Y Increase in October Client DARTs

Performance Metrics - Total client DARTs in October 2024 were 2,823,000, a 46% increase from October 2023 and a 7.2% increase from September 2024 [2] - Annualized cleared Average DARTs per customer account was 200 in October 2024, up 13.6% year-over-year and 5.3% from September 2024 [2] - Total customer accounts reached 3.19 million, a 28.6% increase year-over-year and a 2.2% increase from the previous month [3] - Net new accounts were 65,000, up 34.9% year-over-year and 11.7% sequentially [3] Trading Activity - Total options contracts in October 2024 were 122.1 million, a 31.6% increase year-over-year and a 22.1% increase from September 2024 [3] - Future contracts declined 10.8% year-over-year to 18.3 million but increased 7.1% from September 2024 [3] Client Equity and Balances - Client equity at the end of October 2024 was $540 billion, a 47.1$117.6 billion, up 21.6% year-over-year and nearly 1% from September 2024 [4] - Customer margin loan balance was $58.9 billion, a 39.9% increase year-over-year and a 5.6% increase from the previous month [4] Stock Performance - Shares of Interactive Brokers gained 26.2% in the past six months, outperforming the industry's 12.3% growth [5] Industry Comparison - The Charles Schwab Corporation (SCHW) and LPL Financial Holdings Inc (LPLA) are expected to release their monthly performances soon [6] - The Zacks Consensus Estimate for SCHW's 2024 earnings per share remained unchanged over the past seven days, while LPLA's estimate increased by 1.3% [6]