Interactive Brokers Group Reports Brokerage Metrics for February 2016
Interactive Brokers Group, Inc. (NASDAQ GS: IBKR) an automated global electronic broker and market maker, reported its Electronic Brokerage monthly performance metrics for February.
Highlights for the month included:
- 767 thousand Daily Average Revenue Trades (DARTs), 21% higher than prior year and 8% lower than prior month.
- Ending client equity of $66.1 billion, 10% higher than prior year and 2% higher than prior month.
- Ending client margin loan balances of $14.6 billion, 12% lower than prior year and 5% lower than prior month.
- Ending client credit balances of $36.9 billion, 17% higher than prior year and 3% higher than prior month.
- 340 thousand client accounts, 17% higher than prior year and 1% higher than prior month.
- 527 annualized average cleared DARTs per client account.
- Average commission per cleared client order of $3.78 including exchange, clearing and regulatory fees. Key products:
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 February, clients’ total cost of executing and clearing U.S. Reg.-NMS stocks through IB was 0.6 basis points of trade money1, as measured against a daily VWAP2benchmark (0.7 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 0.7 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