Interactive Brokers Group, Inc. (NASDAQ GS:IBKR) an automated
global electronic broker and market maker, today reported its
Electronic Brokerage monthly performance metrics for October.
Highlights for the month included:
- 603 thousand Daily Average Revenue
Trades (DARTs), 8% lower than prior year and 7% lower than prior
month.
- Ending client equity of $82.2 billion,
24% higher than prior year and 1% lower than prior month.
- Ending client margin loan balances of
$17.5 billion, 13% higher than prior year and 3% lower than prior
month.
- Ending client credit balances of $41.7
billion, 16% higher than prior year and 1% lower than prior
month.
- 375 thousand client accounts, 15%
higher than prior year and 1% higher than prior month.
- 374 annualized average cleared DARTs
per client account.
- Average commission per cleared client
order of $3.91 including exchange, clearing and regulatory fees.
Key products:
October 2016 Average
Commission per Average Cleared Client Order
Order Size Stocks $2.19 2,115 shares Equity Options $5.93
8.6 contracts Futures $6.46 3.7 contracts
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.
For the full multimedia release with graph see link:
https://www.interactivebrokers.com/MonthlyMetrics
- In October, clients’ total cost of
executing and clearing U.S. Reg.-NMS stocks through IB was 0.5
basis point of trade money1, as measured against a daily VWAP2
benchmark (0.6 basis point for the rolling twelve months).
Interactive Brokers Clients' Reg.-NMS Stock Trading
Expense Detail All amounts are in millions, except %
Previous Nov
'15 Dec '15 Jan
'16 Feb '16 Mar
'16 Apr '16 May
'16 Jun '16 Jul
'16 Aug '16 Sep
'16 Oct '16 12
Months #1a - Number of orders Buys 1.93 2.03 2.27
2.25 2.18 2.09 2.06 2.05 1.79 2.01 2.04
1.95 24.65 Sells
1.79 1.91 2.15
2.13 2.07 1.98 1.92
1.90 1.66 1.87
1.90
1.79 23.07
Total 3.72 3.94 4.42 4.38 4.25 4.07 3.98 3.95 3.45 3.88 3.94
3.74 47.72 #1b - Number of shares purchased
or sold Shares bought 1,144 1,276 1,434 1,422 1,405 1,257 1,254
1,344 1,088 1,234 1,254
1,156 15,268 Shares sold
1,089 1,240 1,465 1,420
1,385 1,256 1,229
1,307 1,071 1,201
1,223
1,126 15,012
Total 2,233 2,516 2,899 2,842 2,790 2,513 2,483 2,651 2,159
2,435 2,477
2,282 30,280 #2 - Trade money
including price, commissions and fees 2a Buy money $ 44,082 $
48,552 $ 54,502 $ 48,708 $ 44,510 $ 41,354 $ 40,467 $ 45,068 $
36,938 $ 39,945 $ 45,001
$ 39,957 $ 529,084 2b Sell
money $ 43,093 $ 47,724 $ 55,194 $ 49,340
$ 43,623 $ 41,052 $ 40,435 $ 44,503
$ 36,371 $ 38,793 $ 43,886
$
38,564 $ 522,578
2c Total $ 87,175 $
96,276 $ 109,696 $ 98,048 $ 88,133 $ 82,406 $ 80,902 $ 89,571 $
73,309 $ 78,738 $ 88,887
$ 78,521 $
1,051,662 #3 - Trade value at Daily VWAP 3a
Buy value $ 44,069 $ 48,533 $ 54,486 $ 48,703 $ 44,506 $ 41,357 $
40,465 $ 45,068 $ 36,935 $ 39,942 $ 45,001
$ 39,951 $
529,016 3b Sell value $ 43,085 $ 47,718 $ 55,180
$ 49,341 $ 43,624 $ 41,058 $ 40,436
$ 44,507 $ 36,371 $ 38,800 $ 43,893
$ 38,561 $ 522,574
3c
Total $ 87,154 $ 96,251 $ 109,666 $ 98,044 $ 88,130 $ 82,415 $
80,901 $ 89,575 $ 73,306 $ 78,742 $ 88,894
$ 78,512
$ 1,051,590 #4 - Total trade expense,
including commissions and fees, relative to Daily VWAP 4a Buys
(2a-3a) $ 12.8 $ 19.1 $ 15.7 $ 4.8 $ 3.8 ($3.3 ) $ 1.5 ($0.3 ) $
2.8 $ 2.7 $ 0.5
$ 6.6 $ 66.7 4b Sells (3b-2b)
($8.0 ) ($6.3 ) ($13.9 ) $ 0.7 $ 1.5 $
6.2 $ 0.7 $ 4.5 ($0.5 ) $ 6.9 $
7.5
($3.0 ) ($3.7 )
4c Total
trade expense $ 4.8 $ 12.8 $ 1.8 $ 5.5 $ 5.3 $ 2.9 $ 2.2 $ 4.2
$ 2.3 $ 9.6 $ 8.0
$ 3.6 $ 63.0
Trade expense as percentage of trade money 4c/2c
0.006 % 0.013 % 0.002 % 0.006 % 0.006 % 0.004 % 0.003 % 0.005 %
0.003 % 0.012 % 0.009 %
0.005 % 0.006 %
#5 - Trade expense categories 5a Total commissions
& fees $ 9.0 $ 9.8 $ 11.5 $ 11.3 $ 11.1 $ 10.0 $ 9.9 $ 10.7 $
8.9 $ 9.8 $ 9.9
$ 9.1 $ 121.0 5b
Execution cost (4c-5a) ($4.2 ) $ 3.0 ($9.7 ) ($5.8 ) ($5.8 )
($7.1 ) ($7.7 ) ($6.5 ) ($6.6 ) ($0.2 ) ($1.9 )
($5.5
) ($58.0 ) #6 - Trade expense
categories as percentage of trade money Total commissions &
fees (5a/2c) 0.011 % 0.010 % 0.011 % 0.012 % 0.013 % 0.013 % 0.013
% 0.012 % 0.012 % 0.012 % 0.011 %
0.012 %
0.012 % Execution cost (5b/2c) -0.005 %
0.003 % -0.009 % -0.006 % -0.007 %
-0.009 % -0.010 % -0.007 % -0.009 %
0.000 % -0.002 %
-0.007 %
-0.006 % Net Expense to IB Clients 0.006 %
0.013 % 0.002 % 0.006 % 0.006 % 0.004 % 0.003 % 0.005 % 0.003 %
0.012 % 0.009 %
0.005 % 0.006 %
The above illustrates that the rolling twelve months’ average
all-in cost of a client U.S. Reg.-NMS stock trade was 0.6 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.
More information, including historical results for each of the
above metrics, can be found on the investor relations page of the
Company’s corporate web site, www.interactivebrokers.com/ir.
About Interactive Brokers Group, Inc.:
Interactive Brokers Group, Inc., together with its subsidiaries,
is an automated global electronic broker that specializes in
catering to financial professionals by offering state-of-the-art
trading technology, superior execution capabilities, worldwide
electronic access, and sophisticated risk management tools at
exceptionally low costs. The brokerage trading platform utilizes
the same innovative technology as the Company’s market making
business, which executes and processes trades in securities,
futures and foreign exchange instruments on more than 100
electronic exchanges and trading venues around the world. As a
market maker, we provide liquidity at these marketplaces and, as a
broker, we provide professional traders and investors with
electronic access to stocks, options, futures, forex, bonds and
mutual funds from a single IB Universal AccountSM. Employing
proprietary software on a global communications network,
Interactive Brokers Group continuously integrates its software with
a growing number of exchanges and trading venues into one
automatically functioning, computerized platform that requires
minimal human intervention.
Cautionary Note Regarding Forward-Looking Statements:
The foregoing information contains certain forward-looking
statements that reflect the company's current views with respect to
certain current and future events and financial performance. These
forward-looking statements are and will be, as the case may be,
subject to many risks, uncertainties and factors relating to the
company's operations and business environment which may cause the
company's actual results to be materially different from any future
results, expressed or implied, in these forward-looking statements.
Any forward-looking statements in this release are based upon
information available to the company on the date of this release.
The company does not undertake to publicly update or revise its
forward-looking statements even if experience or future changes
make it clear that any statements expressed or implied therein will
not be realized. Additional information on risk factors that could
potentially affect the company's financial results may be found in
the company's filings with the Securities and Exchange
Commission.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20161101006441/en/
For Interactive Brokers Group, Inc.Investors:Nancy
Stuebe, 203-618-4070orMedia:Kalen Holliday, 203-913-1369
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