Business
Interactive Brokers Group Reports Brokerage Metrics and Other Financial Information for April 2020, 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 April.\n\n\nBrokerage highlights for the month included:\n\n\n\n1,720 thousand Daily Average Revenue Trades (DARTs)1, 121% higher than prior year and 12% lower than prior month.\n\n\nEnding client equity of $179.8 billion, 19% higher than prior year and 12% higher than prior month.\n\n\nEnding client margin loan balances of $20.6 billion, 23% lower than prior year and 4% higher than prior month.\n\n\nEnding client credit balances of $69.3 billion, including $3.0 billion in insured bank deposit sweeps2, 30% higher than prior year and 7% higher than prior month.\n\n\n806 thousand client accounts, 28% higher than prior year and 6% higher than prior month.\n\n\n498 annualized average cleared DARTs1 per client account.\n\n\nAverage commission per cleared Commissionable Order3 of $2.77 including exchange, clearing and regulatory fees. Key products:\n\n\n\n\n\n\n\n\n\nApr 2020\n\n\n\nAverage Commission per \n\n\n\n\n\nAverage\n\n\n\n\n\n\n\n\n\n\n\n\n\nCleared Commissionable Order\n\n\n\n\n\nOrder Size\n\n\n\n\n\n\n\n\n\nStocks\n\n\n\n$1.98\n\n\n\n\n\n972 shares\n\n\n\n\n\n\n\n\n\nEquity Options\n\n\n\n$4.41\n\n\n\n\n\n7.4 contracts\n\n\n\n\n\n\n\n\n\nFutures\n\n\n\n$3.97\n\n\n\n\n\n2.6 contracts\n\n\n\n\n\nFutures include options on futures. We estimate exchange, clearing and regulatory fees to be 59% 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 0.06% in April. Year to date, the value of the GLOBAL decreased 0.91%.\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: https://www.interactivebrokers.com/MonthlyMetrics\n\n\n\nIn April, IBKR PRO clients’ total cost of executing and clearing U.S. Reg.-NMS stocks through IB was about 0.2 basis points of trade money5, as measured against a daily VWAP6 benchmark (1.4 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\nAll amounts are in millions, except %\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\...