Interactive Brokers Group (IBKR) reported April Daily Average Revenue Trade (DARTs) numbers last week that were much stronger than similar numbers in previous months. Total DARTs were 480,000 in the month of April. That number was 17 percent higher than April of 2012. It was also 7 percent higher than their DARTs reported from March. Cleared Average DART per customer account of 508,000 was 3 percent higher than the same period a year ago. Customer equity at the end of April stood at a level of $36.4 billion. That is 25 percent higher than the same period last year.
The most important number there is definitely the rise in DARTs. This large of a gain compared to last year was unexpected. StockBrokers.com has been closely following the earnings reports of all the major online brokers (click here for the first quarter earnings review from 2013). If you’ve been following along with our earnings reviews then you know by now that the single biggest factor holding back the online brokerages has been low trading volumes. All of the online brokers have been talking about the hopes that the retail investor would get back into the market, because their earnings growth has drastically slowed due to declining DARTs in the past few quarters.
Do these stronger DARTs signal a better time ahead for online brokerages in general or is this just one strong month from Interactive Brokers? Stay tuned as StockBrokers.com keeps you up to date with the latest news on all the online brokerages.
For the full release with all of Interactive Brokers April Brokerage Metrics click here.