Business
Interactive Brokers Group Reports Brokerage Metrics and Other Financial Information for March 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 March.\n\n\nBrokerage highlights for the month included:\n\n\n\n1,964 thousand Daily Average Revenue Trades (DARTs)1, 127% higher than prior year and 46% higher than prior month.\n\n\nEnding client equity of $160.7 billion, 9% higher than prior year and 6% lower than prior month.\n\n\nEnding client margin loan balances of $19.8 billion, 22% lower than prior year and 31% lower than prior month.\n\n\nEnding client credit balances of $65.0 billion, including $2.9 billion in insured bank deposit sweeps2, 25% higher than prior year and 9% higher than prior month.\n\n\n760 thousand client accounts, 22% higher than prior year and 6% higher than prior month.\n\n\n602 annualized average cleared DARTs1 per client account.\n\n\nAverage commission per cleared Commissionable Order3 of $2.97 including exchange, clearing and regulatory fees. Key products:\n\n\n\n\n \n \n \n \n \nMar 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$2.19\n\n\n \n \n \n1,106 shares\n\n\n \n \n \n \n \nEquity Options\n \n \n \n\n$4.38\n\n\n \n \n \n7.7 contracts\n\n\n \n \n \n \n \nFutures\n \n \n \n\n$4.27\n\n\n \n \n \n2.7 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 0.47% in March. Year to date, the value of the GLOBAL decreased 0.97%.\n\n\nMark to market on U.S. government securities portfolio5 was a gain of $11 million year to date.\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 March, IBKR PRO clients’ total cost of executing and clearing U.S. Reg.-NMS stocks through IB was a net rebate, 0.6 basis points of trade money6, as measured against a daily VWAP7 benchmark (1.5 basis points net cost for the rolling twelve mon...