Press release
Interactive Brokers Group Reports Brokerage Metrics and Other Financial Information for July 2024, 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 July.\n\n\nBrokerage highlights for the month included:\n\n\n\n2.756 million Daily Average Revenue Trades (DARTs)1, 38% higher than prior year and 12% higher than prior month.\n\n\n\nEnding client equity of $509.5 billion, 32% higher than prior year and 2% higher than prior month.\n\n\n\nEnding client margin loan balances of $56.1 billion, 30% higher than prior year and 2% higher than prior month.\n\n\n\nEnding client credit balances of $109.2 billion, including $4.2 billion in insured bank deposit sweeps2, 11% higher than prior year and 2% higher than prior month.\n\n\n\n3.00 million client accounts, 29% higher than prior year and 2% higher than prior month.\n\n\n\n206 annualized average cleared DARTs1 per client account.\n\n\n\nAverage commission per cleared Commissionable Order3 of $2.78 including exchange, clearing and regulatory fees. Key products:\n\n\n\n\nJuly 2024\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\nOrder Size\n\n\n\n\n\n\n\n\n\nCleared Commissionable Order\n\n\n\n\n\n\n\nStocks\n\n\n\n763 shares\n\n\n\n\n\n\n\n\n\n$1.86\n\n\n\n\n\n\n\nEquity Options\n\n\n\n6.6 contracts\n\n\n\n\n\n\n\n\n\n$4.02\n\n\n\n\n\n\n\nFutures\n\n\n\n3.0 contracts\n\n\n\n\n\n\n\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\nGLOBAL4: The value of the GLOBAL, reported in U.S. dollars, increased by 0.38% in July.\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: \nhttps://www.interactivebrokers.com/MonthlyMetrics\n\n\n\nAverage U.S. Reg-NMS stock trade was $21,636 in July (dividing 2c by 1a in table below).\n\n\n\nIn July, IBKR PRO clients’ total cost of executing and clearing U.S. Reg.-NMS stocks through IB was about 3.6 basis points of trade money5, as, measured against a daily VWAP6 benchmark (3.3 basis points net cost for the rolling twelve months).\n\n\n\n\nIBKR PRO Clients' Reg.-NMS Stock Trading Expense Detail\n\n\n\n...