Interactive Brokers reports November DARTs down 3% y/y

Interactive Brokers Group reported its Electronic Brokerage monthly performance metrics for November. Brokerage highlights for the month included: 1.898 million Daily Average Revenue Trades, 3% lower than prior year and 2% lower than prior month. Ending client equity of $404.3B, 27% higher than prior year and 10% higher than prior month. Ending client margin loan balances of $42.2B, 8% higher than prior year and about even with prior month. Ending client credit balances of $101.3B, including $3.6B in insured bank deposit sweeps, 6% higher than prior year and 5% higher than prior month. 2.52 million client accounts, 22% higher than prior year and 2% higher than prior month. 170 annualized average cleared DARTs per client account. Average commission per cleared Commissionable Order of $3.21 including exchange, clearing and regulatory fees.