Interactive Brokers Reports Y/Y Increase in November Client DARTs

Core Insights - Interactive Brokers Group, Inc. (IBKR) reported strong performance metrics for its Electronic Brokerage segment in November 2024, highlighting significant growth in client Daily Average Revenue Trades (DARTs) [1] Performance Metrics - Total client DARTs in November reached 3,306,000, marking a 74.2% increase year-over-year and a 17.1% increase month-over-month [2] - Cleared average DARTs per customer account were 227, reflecting a 33.5% year-over-year increase and a 13.5% increase from October 2024 [2] Customer Accounts and Trading Activity - Total customer accounts rose to 3.23 million, up 28.9% year-over-year and 2% month-over-month, with net new accounts increasing by 72,800, a 73.3% year-over-year rise and a 12% sequential increase [3] - Total options contracts traded were 117.3 million, up 34.2% year-over-year but down 3.9% sequentially; futures contracts saw a slight year-over-year increase to 17 million but declined 6.7% from October 2024 [3] Client Equity and Balances - Client equity at the end of November was $575.9 billion, a 42.4$118.8 billion, up 17.3% from November 2023 and 1% from October 2024; customer margin loan balance was $60.2 billion, increasing 42.7% year-over-year and 2.2% month-over-month [4] Stock Performance - Over the past six months, IBKR shares have gained 48.9%, outperforming the industry growth of 26.6% [5]