Business
Interactive Brokers Group Reports Brokerage Metrics and Other Financial Information for February 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 February.\n\n\nBrokerage highlights for the month included:\n\n\n\n1,346 thousand Daily Average Revenue Trades (DARTs)1, 63% higher than prior year and 32% higher than prior month.\n\n\nEnding client equity of $170.1 billion, 18% higher than prior year and 3% lower than prior month.\n\n\nEnding client margin loan balances of $28.9 billion, 12% higher than prior year and 6% higher than prior month.\n\n\nEnding client credit balances of $59.6 billion, including $2.4 billion in insured bank deposit sweeps2, 14% higher than prior year and 1% higher than prior month.\n\n\n720 thousand client accounts, 17% higher than prior year and 2% higher than prior month.\n\n\n423 annualized average cleared DARTs1 per client account.\n\n\nAverage commission per cleared Commissionable Order3 of $3.55 including exchange, clearing and regulatory fees. Key products:\n\n\n\n\n\n\n\n\n\nFeb 2020\n\n\n\nAverage Commission per \n\n\n\nAverage\n\n\n\n\n\n\n\n\n\n\n\nCleared Commissionable Order\n\n\n\nOrder Size\n\n\n\n\n\n\n\nStocks\n\n\n\n\n$2.33\n\n\n\n\n\n1,378 shares\n\n\n\n\n\n\n\nEquity Options\n\n\n\n\n$5.03\n\n\n\n\n\n7.8 contracts\n\n\n\n\n\n\n\nFutures\n\n\n\n\n$5.44\n\n\n\n\n\n3.3 contracts\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, decreased by 0.26% in February. Year to date, the value of the GLOBAL decreased 0.50%.\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\nIn February, IBKR PRO clients’ total cost of executing and clearing U.S. Reg.-NMS stocks through IB was about 3.8 basis points of trade money5, as measured against a daily VWAP6 benchmark (2.1 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\n\n\n\n\n\n\n\n\n\nAll amounts are in millions, except %\n\n\n\n\n\n\n\n\n\n...