Interactive Brokers Group Reports Brokerage Metrics for November 2015
Interactive Brokers Group, Inc. (NASDAQ GS: IBKR) an automated global electronic broker and market maker, today reported its Electronic Brokerage monthly performance metrics for November.
Highlights for the month included:
- 640 thousand Daily Average Revenue Trades (DARTs), 11% higher than prior year and 2% lower than prior month.
- Ending client equity of $67.3 billion, 17% higher than prior year and 1% higher than prior month.
- Ending client margin loan balances of $16.5 billion, 12% lower than prior year and 6% higher than prior month.
- Ending client credit balances of $37.1 billion, 15% higher than prior year and 3% higher than prior month.
- 329 thousand client accounts, 18% higher than prior year and 1% higher than prior month.
- 444 annualized average cleared DARTs per client account.
- Average commission per cleared client order of $3.86 including exchange, clearing and regulatory fees. Key products:
November 2015 | Average Commission per Cleared Client Order | Average Order Size |
---|---|---|
Stocks | $2.17 | 1,698 shares |
Equity Options | $6.01 | 9 contracts |
Futures | $6.31 | 3.8 contracts |
Futures include options on futures. We estimate exchange, clearing and regulatory fees to be 55% of the futures commissions.
In the interest of transparency, we quantify our clients’ all-in cost of trade execution below.
- In November, clients’ total cost of executing and clearing U.S. Reg.-NMS stocks through IB was 0.6 basis point of trade money1, as measured against a daily VWAP2benchmark (0.8 basis point for the rolling twelve months).
The above illustrates that the rolling twelve months’ average all-in cost of a client U.S. Reg.-NMS stock trade was 0.8 basis point.
Note 1: Trade money is the total amount of money clients spent or received, including all commissions and fees.
Note 2: Consistent with the clients’ trading activity, the computed VWAP benchmark includes extended trading hours.
Source: Interactive Brokers