Press release
Interactive Brokers Group Reports Brokerage Metrics and Other Financial Information for March 2023, includes Reg.-NMS Execution Statistics
GREENWICH, Conn.--(BUSINESS WIRE)-- Interactive Brokers Group, Inc. (Nasdaq: IBKR) an automated global electronic broker, today reported its Electronic
About this update from Interactive Brokers Group, Inc.
[{"type":"text","content":" GREENWICH, Conn.--(BUSINESS WIRE)--\nInteractive Brokers Group, Inc. (Nasdaq: IBKR) an automated global electronic broker, today reported its Electronic Brokerage monthly performance metrics for March.\n\n\nBrokerage highlights for the month included:\n\n\n\n2.055 million Daily Average Revenue Trades (DARTs)1, 16% lower than prior year and 3% lower than prior month.\n\n\n\nEnding client equity of $343.1 billion, 4% lower than prior year and 3% higher than prior month.\n\n\n\nEnding client margin loan balances of $39.4 billion, 18% lower than prior year and 1% higher than prior month.\n\n\n\nEnding client credit balances of $96.6 billion, including $2.4 billion in insured bank deposit sweeps2, 4% higher than prior year and 1% lower than prior month.\n\n\n\n2.20 million client accounts, 21% higher than prior year and 2% higher than prior month.\n\n\n\n213 annualized average cleared DARTs1 per client account.\n\n\n\nAverage commission per cleared Commissionable Order3 of $3.21 including exchange, clearing and regulatory fees. Key products:\n\n\n\n\nMarch 2023\nAverage\n\nAverage Commission per\n\n\n\nOrder Size\n\nCleared Commissionable Order\n\n\nStocks\n1,148 shares\n\n\n$2.11\n\n\n\n\n\n\n\nEquity Options\n7.2 contracts\n\n\n$4.64\n\n\n\n\n\n\n\nFutures\n3.2 contracts\n\n\n$4.21\n\n\n\n\n\n\n\nFutures include options on futures. We estimate exchange, clearing and regulatory fees to be 57% of the futures commissions.\n\n\nOther financial information for Interactive Brokers Group:\n\n\n\nMark to market on U.S. government securities portfolio4 was a gain of $10 million for the quarter ended March 31st.\n\n\n\nGLOBAL5: The value of the GLOBAL, reported in U.S. dollars, increased by 0.50% in March and increased 0.17% for the quarter ended March 31st.\n\n\n\nIn the interest of transparency, we quantify our IBKR PRO clients’ all-in cost of trade execution below.\n\n\nFor the full multimedia release with graph see link:\n\n\nhttps://www.interactivebrokers.com/MonthlyMetrics\n\n\n\nAverage U.S. Reg-NMS stock trade was $21,856 in March (dividing 2c by 1a in table below).\n\n\n\nIn March, IBKR PRO clients’ total cost of executing and clearing U.S. Reg.-NMS stocks through IB was about 0.9 basis points of trade money6, as measured against a daily VWAP7 benchmark (2.1 basis points net cost for the rolling twelve months).\n\n\n\n\nIBKR PRO Cl...