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Interactive Brokers Group Reports Brokerage Metrics and Other Financial Information for September 2024, includes Reg.-NMS Execution Statistics

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Interactive Brokers Group (Nasdaq: IBKR) reported its Electronic Brokerage monthly performance metrics for September 2024. Key highlights include:

  • 2.634 million Daily Average Revenue Trades (DARTs), 46% higher than the previous year but 3% lower than the previous month
  • Ending client equity of $541.5 billion, up 46% year-over-year and 5% month-over-month
  • Client margin loan balances of $55.8 billion, increasing 28% year-over-year and 2% month-over-month
  • 3.12 million client accounts, a 28% increase from the previous year and 2% from the previous month
  • Average commission per cleared Commissionable Order of $2.88

The report also includes detailed Reg.-NMS stock trading expense data for IBKR PRO clients, with an average U.S. Reg-NMS stock trade value of $20,817 in September.

Il gruppo Interactive Brokers (Nasdaq: IBKR) ha riportato le metriche di performance mensile per il brokerage elettronico di settembre 2024. I punti principali includono:

  • 2,634 milioni di operazioni giornaliere medie a ricavo (DART), con un incremento del 46% rispetto all'anno precedente, ma una diminuzione del 3% rispetto al mese precedente
  • Capitale clientela finale di 541,5 miliardi di dollari, in crescita del 46% su base annua e del 5% su base mensile
  • Saldi dei prestiti di margine dei clienti di 55,8 miliardi di dollari, con un aumento del 28% rispetto all'anno precedente e del 2% su base mensile
  • 3,12 milioni di conti clienti, con un incremento del 28% rispetto all'anno precedente e del 2% rispetto al mese precedente
  • Commissione media per ordine commissionabile liquidato di 2,88 dollari

Il rapporto include anche dettagliati dati sui costi delle operazioni di trading azionario Reg.-NMS per i clienti IBKR PRO, con un valore medio di operazione azionaria Reg-NMS negli Stati Uniti di 20.817 dollari a settembre.

Interactive Brokers Group (Nasdaq: IBKR) reportó sus métricas de rendimiento mensual para el corretaje electrónico de septiembre de 2024. Los aspectos más destacados incluyen:

  • 2.634 millones de transacciones diarias de ingresos promedio (DART), un 46% más que el año anterior pero un 3% menos que el mes anterior
  • Capital final de clientes de $541.5 mil millones, un aumento del 46% en comparación con el año anterior y del 5% en comparación con el mes anterior
  • Saldo de préstamos de margen del cliente de $55.8 mil millones, aumentando un 28% en comparación con el año anterior y un 2% en comparación con el mes anterior
  • 3.12 millones de cuentas de clientes, un aumento del 28% con respecto al año anterior y del 2% con respecto al mes anterior
  • Comisión promedio por orden comisionable liquidada de $2.88

El informe también incluye datos detallados sobre los gastos de comercio de acciones Reg.-NMS para clientes de IBKR PRO, con un valor promedio de comercio de acciones Reg-NMS en EE.UU. de $20,817 en septiembre.

인터랙티브 브로커스 그룹(나스닥: IBKR)이 2024년 9월 전자 브로커리지 월간 성과 지표를 발표했습니다. 주요 하이라이트는 다음과 같습니다:

  • 2,634만 건의 일일 평균 수익 거래(DART), 전년 대비 46% 증가, 그러나 전월 대비 3% 감소
  • 종료 고객 자본금 5,415억 달러, 전년 대비 46% 증가, 전월 대비 5% 증가
  • 고객 마진 대출 잔액 558억 달러, 전년 대비 28% 증가, 전월 대비 2% 증가
  • 3.12 백만 고객 계좌, 전년 대비 28% 증가, 전월 대비 2% 증가
  • 청산된 수수료 주문당 평균 수수료 2.88 달러

이 보고서는 또한 IBKR PRO 고객을 위한 Reg.-NMS 주식 거래 비용 데이터도 포함하고 있으며, 9월의 미국 Reg-NMS 주식 거래 평균 가치가 20,817 달러로 나타났습니다.

Le groupe Interactive Brokers (Nasdaq: IBKR) a publié ses indicateurs de performance mensuels pour le courtage électronique de septembre 2024. Les points clés incluent :

  • 2,634 millions de transactions de revenus journaliers moyens (DART), en hausse de 46% par rapport à l'année précédente mais en baisse de 3% par rapport au mois précédent
  • Capitaux des clients de 541,5 milliards de dollars, en hausse de 46% d'une année sur l'autre et de 5% par rapport au mois précédent
  • Soldes des prêts sur marge des clients de 55,8 milliards de dollars, en augmentation de 28% d'une année sur l'autre et de 2% par rapport au mois précédent
  • 3,12 millions de comptes clients, soit une augmentation de 28% par rapport à l'année précédente et de 2% par rapport au mois précédent
  • Commission moyenne par ordre commissionnable liquidé de 2,88 dollars

Le rapport comprend également des données détaillées sur les frais de trading d'actions Reg.-NMS pour les clients d'IBKR PRO, avec une valeur moyenne de transaction d'actions Reg-NMS de 20 817 dollars en septembre.

Die Interactive Brokers Group (Nasdaq: IBKR) hat ihre monatlichen Leistungskennzahlen für das elektronische Brokerage im September 2024 veröffentlicht. Zu den wichtigsten Highlights gehören:

  • 2,634 Millionen tägliche durchschnittliche Einnahmegeschäfte (DART), 46% mehr als im Vorjahr, aber 3% weniger als im Vormonat
  • Endkundenvermögen von 541,5 Milliarden USD, ein Anstieg von 46% im Jahresvergleich und 5% im Monatsvergleich
  • Kundenmargenkreditbeträge von 55,8 Milliarden USD, was einem Anstieg von 28% im Jahresvergleich und 2% im Monatsvergleich entspricht
  • 3,12 Millionen Kundenkonten, ein Anstieg von 28% im Vergleich zum Vorjahr und 2% im Vergleich zum Vormonat
  • Durchschnittliche Kommission pro abgewickeltem kommissionierbarem Auftrag von 2,88 USD

Der Bericht enthält auch detaillierte Daten zu den Handelskosten von Reg.-NMS-Aktien für IBKR PRO-Kunden, mit einem durchschnittlichen Wert von 20.817 USD pro Reg-NMS-Aktienhandel im September.

Positive
  • 46% year-over-year increase in Daily Average Revenue Trades (DARTs)
  • 46% year-over-year growth in ending client equity, reaching $541.5 billion
  • 28% year-over-year increase in client margin loan balances to $55.8 billion
  • 28% year-over-year growth in client accounts, totaling 3.12 million
  • 19% year-over-year increase in client credit balances, including insured bank deposit sweeps
Negative
  • 3% month-over-month decrease in Daily Average Revenue Trades (DARTs)

Insights

Interactive Brokers Group's September 2024 metrics reveal strong year-over-year growth across key areas. Client equity increased by 46% to $541.5 billion, indicating robust client asset growth. Client accounts grew by 28% to 3.12 million, showing significant expansion of the customer base.

The 46% increase in Daily Average Revenue Trades (DARTs) to 2.634 million suggests higher trading activity compared to the previous year. However, the 3% month-over-month decrease in DARTs indicates a slight slowdown in trading volume.

Client margin loan balances rose by 28% to $55.8 billion, reflecting increased leverage usage by clients. This could potentially lead to higher interest income for Interactive Brokers.

The average commission per cleared Commissionable Order of $2.88 remains competitive, supporting the company's low-cost brokerage model. The detailed breakdown of trade execution costs for U.S. Reg-NMS stocks, at 4.3 basis points, demonstrates the firm's commitment to cost-effective trading for clients.

Overall, these metrics indicate continued growth and strong performance for Interactive Brokers, with potential for increased revenue from higher client assets, margin balances and trading activity.

GREENWICH, Conn.--(BUSINESS WIRE)-- Interactive Brokers Group, Inc. (Nasdaq: IBKR), an automated global electronic broker, today reported its Electronic Brokerage monthly performance metrics for September.

Brokerage highlights for the month included:

  • 2.634 million Daily Average Revenue Trades (DARTs)1, 46% higher than prior year and 3% lower than prior month.
  • Ending client equity of $541.5 billion, 46% higher than prior year and 5% higher than prior month.
  • Ending client margin loan balances of $55.8 billion, 28% higher than prior year and 2% higher than prior month.
  • Ending client credit balances of $116.7 billion, including $4.6 billion in insured bank deposit sweeps2, 19% higher than prior year and 4% higher than prior month.
  • 3.12 million client accounts, 28% higher than prior year and 2% higher than prior month.
  • 190 annualized average cleared DARTs1 per client account.
  • Average commission per cleared Commissionable Order3 of $2.88 including exchange, clearing and regulatory fees. Key products:

September 2024

Average

Average Commission per

Order Size

Cleared Commissionable Order

Stocks

1,015 shares

$2.04

Equity Options

6.3 contracts

$3.92

Futures

3.0 contracts

$4.34

Futures include options on futures. We estimate exchange, clearing and regulatory fees to be 56% of the futures commissions.

Other financial information for Interactive Brokers Group:

  • Mark to market on U.S. government securities portfolio4 was a gain of $2 million for the quarter ended September 30th.
  • GLOBAL5: The value of the GLOBAL, reported in U.S. dollars, increased by 0.24% in September and increased by 1.14% for the quarter ended September 30th.

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

For the full multimedia release with graph see link: 
https://www.interactivebrokers.com/MonthlyMetrics

  • Average U.S. Reg-NMS stock trade was $20,817 in September (dividing 2c by 1a in table below).
  • In September, IBKR PRO clients’ total cost of executing and clearing U.S. Reg.-NMS stocks through IB was about 4.3 basis points of trade money6, as, measured against a daily VWAP7 benchmark (3.7 basis points net cost for the rolling twelve months).
IBKR PRO Clients' Reg.-NMS Stock Trading Expense Detail  
All amounts are in millions, except %  
 

Previous

Oct '23

 

Nov '23

 

Dec '23

 

Jan '24

 

Feb '24

 

Mar '24

 

Apr '24

 

May '24

 

Jun '24

 

Jul '24

 

Aug '24

 

Sep '24

 

 

12 Months

#1a - Number of orders  
Buys

6.01

5.44

5.61

6.79

7.24

8.51

8.36

8.80

8.07

10.09

9.84

8.38

 

93.14

Sells

4.29

4.25

4.48

4.92

5.38

6.23

6.21

6.67

5.83

7.55

7.53

6.54

 

69.88

Total

10.30

9.69

10.09

11.71

12.62

14.74

14.57

15.47

13.90

17.64

17.37

14.92

 

163.02

   
#1b - Number of shares purchased or sold  
Shares bought

2,447

2,431

2,596

2,639

2,636

3,432

3,387

4,712

3,305

3,855

4,154

3,614

 

39,208

Shares sold

2,367

2,296

2,471

2,551

2,499

3,189

3,190

4,374

3,100

3,767

3,960

3,436

 

37,200

Total

4,814

4,727

5,067

5,189

5,135

6,621

6,577

9,087

6,405

7,622

8,114

7,050

 

76,408

   
#2 - Trade money including price, commissions and fees  
2a Buy money

$124,119

$119,396

$115,908

$133,951

$148,224

$165,938

$161,619

$170,762

$151,903

$189,920

$182,908

$155,758

 

$1,820,406

2b Sell money

$125,174

$118,893

$114,742

$131,649

$143,433

$163,285

$165,541

$169,343

$147,514

$191,745

$186,274

$154,825

 

$1,812,418

2c Total

$249,294

$238,290

$230,650

$265,601

$291,657

$329,223

$327,160

$340,105

$299,417

$381,664

$369,182

$310,583

 

$3,632,824

   
#3 - Trade value at Daily VWAP  
3a Buy value

$124,109

$119,426

$115,916

$133,917

$148,162

$165,825

$161,534

$170,686

$151,684

$189,851

$182,849

$155,692

 

$1,819,651

3b Sell value

$125,212

$118,981

$114,806

$131,705

$143,451

$163,313

$165,602

$169,379

$147,417

$191,812

$186,440

$154,890

 

$1,813,007

3c Total

$249,321

$238,407

$230,722

$265,622

$291,612

$329,138

$327,135

$340,066

$299,101

$381,663

$369,289

$310,582

 

$3,632,657

   
#4 - Total trade expense, including commissions and fees, relative to Daily VWAP  
4a Buys (2a-3a)

$9.9

($30.0)

($8.3)

$34.2

$62.5

$113.3

$85.1

$75.4

$219.1

$68.8

$58.6

$66.6

 

$755.1

4b Sells (3b-2b)

$37.2

$87.3

$63.8

$55.2

$18.0

$28.0

$60.7

$36.0

($97.1)

$67.5

$166.0

$65.7

 

$588.4

4c Total trade expense

$47.2

$57.3

$55.6

$89.4

$80.5

$141.3

$145.8

$111.4

$122.0

$136.3

$224.6

$132.3

 

$1,343.5

   
Trade expense as percentage of trade money  
4c/2c

0.019%

0.024%

0.024%

0.034%

0.028%

0.043%

0.045%

0.033%

0.041%

0.036%

0.061%

0.043%

 

0.037%

   
#5 - Trade expense categories  
5a Total commissions & fees

$21.5

$21.1

$21.8

$23.4

$23.7

$29.2

$28.8

$36.1

$30.4

$37.1

$38.1

$33.2

 

$344.4

5b Execution cost (4c-5a)

$25.7

$36.2

$33.7

$66.0

$56.7

$112.1

$117.0

$75.4

$91.6

$99.2

$186.5

$99.1

 

$999.2

   
#6 - Trade expense categories as percentage of trade money  
Total commissions & fees (5a/2c)

0.009%

0.009%

0.009%

0.009%

0.009%

0.009%

0.009%

0.011%

0.010%

0.010%

0.010%

0.011%

 

0.009%

Execution cost (5b/2c)

0.010%

0.015%

0.015%

0.025%

0.019%

0.034%

0.036%

0.022%

0.031%

0.026%

0.051%

0.032%

 

0.028%

Net Expense to IB Clients

0.019%

0.024%

0.024%

0.034%

0.028%

0.043%

0.045%

0.033%

0.041%

0.036%

0.061%

0.043%

 

0.037%

The above illustrates that the rolling twelve months’ average all-in cost of an IBKR PRO client U.S. Reg.-NMS stock trade was 3.7 basis points.

________________
Note 1: Daily Average Revenue Trades (DARTs) – customer orders divided by the number of trading days in the period.

Note 2: FDIC insured client bank deposit sweep program balances with participating banks. These deposits are not reported in the Company’s statement of financial condition.

Note 3: Commissionable Order – a customer order that generates commissions.

Note 4: Mark to market gains and losses on investments in U.S. government securities and associated hedges are included in Other Income. In the general course of business, we hold these investments to maturity. As a result, accumulated mark to market gains or losses should converge to zero at maturity. Accounting conventions require broker-dealers, unlike banks, to mark all investments to market.

Note 5: In connection with our currency diversification strategy, we have determined to base our net worth in GLOBALs, a basket of 10 major currencies in which we hold our equity. The total effect of the currency diversification strategy is reported in Comprehensive Income and the components are reported in (1) Other Income 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 6: Trade money is the total amount of money clients spent or received, including all commissions and fees.

Note 7: 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 150 markets in numerous countries and currencies, from a single unified platform to clients worldwide. We serve 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 clients with a uniquely sophisticated platform to manage their investment portfolios. We strive to provide our clients with advantageous execution prices and trading, risk and portfolio management tools, research facilities and investment products, all at low or no cost, positioning them to achieve superior returns on investments. Interactive Brokers has consistently earned recognition as a top broker, garnering multiple awards and accolades from respected industry sources such as Barron’s, Investopedia, Stockbrokers.com, and many others.

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.

Contacts for Interactive Brokers Group, Inc.: Rob Garfield - media@ibkr.com

Source: Interactive Brokers Group, Inc.

FAQ

What was Interactive Brokers' (IBKR) Daily Average Revenue Trades (DARTs) for September 2024?

Interactive Brokers reported 2.634 million Daily Average Revenue Trades (DARTs) for September 2024, which was 46% higher than the previous year but 3% lower than the previous month.

How much was Interactive Brokers' (IBKR) ending client equity in September 2024?

Interactive Brokers' ending client equity was $541.5 billion in September 2024, which was 46% higher than the previous year and 5% higher than the previous month.

What was the average commission per cleared Commissionable Order for Interactive Brokers (IBKR) in September 2024?

The average commission per cleared Commissionable Order for Interactive Brokers in September 2024 was $2.88, including exchange, clearing and regulatory fees.

How many client accounts did Interactive Brokers (IBKR) have in September 2024?

Interactive Brokers reported 3.12 million client accounts in September 2024, which was 28% higher than the previous year and 2% higher than the previous month.

Interactive Brokers Group, Inc.

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