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Interactive Brokers Shares Near All-Time Highs After Trading Volumes Report

The global multi-asset electronic broker reported its trading metrics rising last month, as the company onboarded 3,500 new clients

Interactive Brokers Group (NYSE:IBKR) reported its monthly performance metrics today, with the shares of the global electronic multi-asset broker rising close to all-time highs in the aftermath. The figures have remained buoyant despite the relatively slow month of November, with the company continuing to onboard clients at a decent pace.

The global electronic broker and market maker reported that its clients executed a total of 640,000 Daily Average Revenue Trades (DARTs) in November. This marked an increase of 11 percent when compared to last year and 2 percent when compared to the previous month.

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Clients of Interactive Brokers Group (NYSE:IBKR) had $67.3 billion of equity at the end of the month, up by 17 percent when compared to November last year and 1 percent higher when compared to October 2015.

Interactive Brokers Group (NYSE:IBKR) also managed to onboard 3,500 new clients last month, higher by 25 percent when compared to the same month last year. Looking at the total amount of clients, at the end of November, the figure stood at 329,100. This number is higher by 18 percent when compared to November 2014.

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Interactive Brokers Shares
Shares of Interactive Brokers traded higher after the metrics, Chart: Google Finance

Client margin loan balances declined year-on-year by 12 percent to $16.5 billion, but perked up by 6 percent when compared to November. Ending client credit balances were reported at $37.1 billion, which is a 15 percent increase over last year and 3 percent mark up from the prior month.

The number of annualized average cleared DARTs totaled 444 per accounts, with the average commission per cleared client order coming in at $3.86 in November. This number includes exchange, clearing and regulatory fees.

The average number of shares traded per order was 1,698, with the averaged commission per cleared order that Interactive Brokers Group (NYSE:IBKR) booked amounting to $2.17. Looking at options contracts on equities the figure stood at $6.01, with the futures trades netting the most at $6.31 per trade.

The average number of option contracts per order totaled 9, while for futures the amount was 3.8 contracts.

Shares of Interactive Brokers Group (NYSE:IBKR) reacted positively to the announcement, reaching $44.41 which is a touch lower than the all-time highs marked earlier this year in July, when the company’s stock hit $45.95 per share.

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