Interactive Brokers Group September DARTs 21% higher YoY and 17% higher than August


Interactive Brokers Group, Inc. (NASDAQ GS: IBKR) an automated global electronic broker and market maker, today reported its Electronic Brokerage monthly performance metrics for September.

Highlights for the month included:

  • 577 thousand Daily Average Revenue Trades (DARTs), 21% higher than prior year and 17% higher than prior month.
  • Ending customer equity of $54.9 billion, 33% higher than prior year and 1% lower than prior month.
  • Ending customer margin loan balances of $17.3 billion, 36% higher than prior year and 4% higher than prior month.
  • Ending customer credit balances of $29.7 billion, 21% higher than prior year and 1% higher than prior month.
  • 272 thousand customer accounts, 18% higher than prior year and 1% higher than prior month.
  • 484 annualized average cleared DARTs per customer account.
  • Average commission per cleared customer order of $4.22 including exchange, clearing and regulatory fees. Key products:

ibsept

Futures include options on futures. We estimate exchange, clearing and regulatory fees to be 57% of the futures commissions.

In the interest of transparency, we quantify our clients’ all-in cost of trade execution below.

  • In September, customers’ total cost of executing and clearing U.S. Reg.-NMS stocks through IB was 0.9 basis points of trade money1, as measured against a daily VWAP2 benchmark (1.0 basis point YTD).

2014_oct_broker_metrics_02

2014_oct_broker_metrics_01

The above illustrates that the YTD average all-in cost of a customer U.S. Reg.-NMS stock trade was 1.0 basis point.

Note 1: Trade money is the total amount of money customers spent or received, including all commissions and fees.
Note 2: Consistent with the customers’ trading activity, the computed VWAP benchmark includes extended trading hours.

More information, including historical results for each of the above metrics, click here.

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Interactive Brokers Group September DARTs 21% higher YoY and 17% higher than August

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