Press release
Interactive Brokers Group Reports Brokerage Metrics and Other Financial Information for November 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 November.\n\n\nBrokerage highlights for the month included:\n\n\n\n1.898 million Daily Average Revenue Trades (DARTs)1, 3% lower than prior year and 2% lower than prior month.\n\n\n\nEnding client equity of $404.3 billion, 27% higher than prior year and 10% higher than prior month.\n\n\n\nEnding client margin loan balances of $42.2 billion, 8% higher than prior year and about even with prior month.\n\n\n\nEnding client credit balances of $101.3 billion, including $3.6 billion in insured bank deposit sweeps2, 6% higher than prior year and 5% higher than prior month.\n\n\n\n2.52 million client accounts, 22% higher than prior year and 2% higher than prior month.\n\n\n\n170 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\n \n \n \n \n \nNovember 2023\n \n \n \n\nAverage\n\n\n\n\n\n \n \n \n\nAverage Commission per\n\n\n\n\n\n\n\n \n \n \n \n \n \n \n \n \n\nOrder Size\n\n\n\n\n\n \n \n \n\nCleared Commissionable Order\n\n\n\n\n\n\n\n \n \n \n \n \nStocks\n \n \n \n\n1,150 shares\n\n\n\n\n\n \n \n \n\n$2.04\n\n\n\n\n\n\n\n \n \n \n \n \nEquity Options\n \n \n \n\n6.7 contracts\n\n\n\n\n\n \n \n \n\n$4.28\n\n\n\n\n\n\n\n \n \n \n \n \nFutures\n \n \n \n\n3.3 contracts\n\n\n\n\n\n \n \n \n\n$4.80\n\n\n\n\n\n\n\nFutures include options on futures. We estimate exchange, clearing and regulatory fees to be 56% of the futures commissions.\n\n\nOther financial information for Interactive Brokers Group:\n\n\n\nGLOBAL4: The value of the GLOBAL, reported in U.S. dollars, increased by 0.68% in November.\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 $24,591.30 in November (dividing 2c by 1a in table below).\n\n\n\nIn November, IBKR PRO clients’ total cost of executing and clearing U.S. Reg.-NMS stocks through IB was about 2.4 basis points of trade money5, as measured against a daily VWAP6 be...