Interactive Brokers Group, Inc. (NASDAQ GS: IBKR), an automated
global electronic broker and market maker, today reported its
Electronic Brokerage monthly performance metrics for January.
Brokerage highlights for the month included:
- 646 thousand Daily Average Revenue
Trades (DARTs), 22% lower than prior year and 9% higher than prior
month.
- Ending client equity of $89.4 billion,
38% higher than prior year and 5% higher than prior month.
- Ending client margin loan balances of
$18.7 billion, 22% higher than prior year and 4% lower than prior
month.
- Ending client credit balances of $42.5
billion, 19% higher than prior year and 2% higher than prior
month.
- 391 thousand client accounts, 17%
higher than prior year and 2% higher than prior month.
- 385 annualized average cleared DARTs
per client account.
- Average commission per cleared client
order of $3.90 including exchange, clearing and regulatory fees.
Key products:
January 2017 Average Commission per
Average Cleared Client Order Order
Size Stocks $2.26 2,260 shares Equity Options $5.95 8.4
contracts Futures $6.09 3.5 contracts
Futures include options on futures. We
estimate exchange, clearing and regulatory fees to be 58% of the
futures commissions.
Other financial information for Interactive Brokers
Group:
- GLOBAL1: The value of the GLOBAL,
reported in U.S. dollars, increased by 1.33% in January.
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 January, clients’ total cost of
executing and clearing U.S. Reg.-NMS stocks through IB was 0.6
basis point of trade money2, as measured against a daily VWAP3
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 Feb
'16 Mar '16 Apr
'16 May '16 Jun
'16 Jul '16 Aug
'16 Sep '16 Oct
'16 Nov '16 Dec
'16 Jan '17 12
Months #1a - Number of orders Buys 2.25 2.18 2.09
2.06 2.05 1.79 2.01 2.04 1.95 2.29 1.92
1.99 24.62 Sells
2.13 2.07 1.98 1.92 1.90 1.66
1.87 1.90 1.79 2.13 1.77
1.82 22.94
Total 4.38 4.25 4.07 3.98 3.95 3.45 3.88
3.94 3.74 4.42 3.69
3.81 47.56 #1b - Number
of shares purchased or sold Shares bought 1,422 1,405 1,257
1,254 1,344 1,088 1,234 1,254 1,156 1,415 1,220
1,183 15,232
Shares sold 1,420 1,385 1,256 1,229
1,307 1,071 1,201 1,223 1,126
1,391 1,186
1,149 14,944
Total 2,842
2,790 2,513 2,483 2,651 2,159 2,435 2,477 2,282 2,806 2,406
2,332 30,176 #2 - Trade money including
price, commissions and fees 2a Buy money $48,708 $44,510
$41,354 $40,467 $45,068 $36,938 $39,945 $45,001 $39,957 $46,215
$38,685
$37,640 $504,488 2b Sell money $49,340
$43,623 $41,052 $40,435 $44,503 $36,371
$38,793 $43,886 $38,564 $45,536
$37,072
$37,283 $496,458
2c Total $98,048
$88,133 $82,406 $80,902 $89,571 $73,309 $78,738 $88,887 $78,521
$91,751 $75,757
$74,923 $1,000,946 #3 -
Trade value at Daily VWAP 3a Buy value $48,703 $44,506 $41,357
$40,465 $45,068 $36,935 $39,942 $45,001 $39,951 $46,220 $38,679
$37,636 $504,463 3b Sell value $49,341 $43,624
$41,058 $40,436 $44,507 $36,371 $38,800
$43,893 $38,561 $45,543 $37,072
$37,284 $496,490
3c Total $98,044 $88,130 $82,415
$80,901 $89,575 $73,306 $78,742 $88,894 $78,512 $91,763 $75,751
$74,920 $1,000,953 #4 - Total trade
expense, including commissions and fees, relative to Daily VWAP
4a Buys (2a-3a) $4.8 $3.8 ($3.3) $1.5 ($0.3) $2.8 $2.7 $0.5 $6.6
($4.4) $5.9
$4.4 $25.0 4b Sells (3b-2b) $0.7 $1.5
$6.2 $0.7 $4.5 ($0.5) $6.9
$7.5 ($3.0) $6.7 $0.2
$0.4 $31.8
4c Total trade expense $5.5 $5.3 $2.9 $2.2
$4.2 $2.3 $9.6 $8.0 $3.6 $2.3 $6.1
$4.8 $56.8
Trade expense as percentage of trade money 4c/2c
0.006% 0.006% 0.004% 0.003% 0.005% 0.003% 0.012% 0.009% 0.005%
0.003% 0.008%
0.006% 0.006% #5 - Trade
expense categories 5a Total commissions & fees $11.3 $11.1
$10.0 $9.9 $10.7 $8.9 $9.8 $9.9 $9.1 $11.0 $9.5
$9.3
$120.5 5b Execution cost (4c-5a) ($5.8) ($5.8) ($7.1)
($7.7) ($6.5) ($6.6) ($0.2) ($1.9) ($5.5) ($8.7) ($3.4)
($4.6) ($63.8) #6 - Trade expense
categories as percentage of trade money Total commissions &
fees (5a/2c) 0.012% 0.013% 0.013% 0.013% 0.012% 0.012% 0.012%
0.011% 0.012% 0.012% 0.013%
0.012% 0.012% Execution
cost (5b/2c) -0.006% -0.007% -0.009% -0.010%
-0.007% -0.009% 0.000% -0.002%
-0.007% -0.009% -0.005%
-0.006%
-0.006% Net Expense to IB Clients 0.006% 0.006%
0.004% 0.003% 0.005% 0.003% 0.012% 0.009% 0.005% 0.003% 0.008%
0.006% 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: In connection with our currency
diversification strategy, we have determined to base our net worth
in GLOBALs, a basket of 15 major currencies in which we hold our
equity. The total effect of the currency diversification strategy
is reported in Comprehensive Income; the components are reported in
(1) Other Income in the corporate segment and (2) Other
Comprehensive Income (“OCI”) on the balance sheet. The effect of
the GLOBAL on our comprehensive income can be estimated by
multiplying the total equity for the period by the change in the
U.S. dollar value of the GLOBAL during the same period.
Note 2: Trade money is the total amount of money clients
spent or received, including all commissions and fees.
Note 3: 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 affiliates provide automated trade execution and
custody of securities, commodities and foreign exchange around the
clock on over 120 markets in numerous countries and currencies,
from a single IB Universal AccountSM to customers worldwide. We
service individual investors, hedge funds, proprietary trading
groups, financial advisors and introducing brokers. Our four
decades of focus on technology and automation has enabled us to
equip our customers with a uniquely sophisticated platform to
manage their investment portfolios at extremely low cost relative
to the financial services industry. We strive to provide our
customers with advantageous execution prices and trading, risk and
portfolio management tools, research facilities and investment
products, all at unusually low prices, positioning them to achieve
superior returns compared to our competitors.
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/20170201006029/en/
For Interactive Brokers Group, Inc.Investors:Nancy
Stuebe, 203-618-4070orMedia:Kalen Holliday, 203-913-1369
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