Interactive Brokers Group Reports July 2022 Brokerage Metrics and Other Financial Information Including Reg. NMS Execution Statistics – businesswire.com | Omd Cialis

GREENWICH, Conn.–(BUSINESS WIRE)–Interactive Brokers Group, Inc. (Nasdaq: IBKR), an automated global electronic brokerage broker, today released its monthly Electronic Brokerage Key Performance Indicators for July.

Brokerage highlights for the month included:

  • 1.823 million average daily volume trades (DARTs)123% lower than last year and 10% lower than last month.

  • Customer equity at the end of $314.4 billion, down 10% year-on-year and up 7% month-on-month.

  • Loan balances at the end of customer margin of $42.2 billion, down 12% year-on-year and 1% down mom.

  • Terminating $94.3 billion in customer balances, including $2.1 billion in insured bank deposits215% higher than last year and 2% higher than last month.

  • 1.95 million customer accounts, up 34% year-on-year and up 1% month-on-month.

  • 210 annualized average cleared DARTs1 per customer account.

  • Average commission per released commissionable order3 from $2.97 including exchange, clearing and regulatory fees. Key Products:

July 2022

Average commission per

Average

Approved Commissionable Order

order size
Stocks

$2.14

1,389 shares
stock options

$4.13

6.6 Contracts
futures

$3.65

2.8 Contracts

Futures include options on futures. We estimate exchange, clearing and regulation fees to be 57% of futures commissions.

Additional financial information from Interactive Brokers Group:

  • WORLDWIDE4: The GLOBAL in US dollar terms fell 0.19% in July.

In the interest of transparency, below we quantify the total cost of trade execution for our IBKR PRO clients.

For the full multimedia release with graphics, see the link:

https://www.interactivebrokers.com/MonthlyMetrics

  • In July, the total cost to IBKR PRO clients of executing and clearing US Reg. NMS stocks through IB was approximately 1.7 basis points of trading money5measured by a daily VWAP6 Benchmark (3.1 basis points net cost for the rolling 12 months).

IBKR PRO Clients’ Reg.-NMS Share dealing cost details
All amounts are in millions except %

previous

August 21st

21 Sept

21 Oct

21.11

Dec ’21

January ’22

February 22nd

March ’22

April ’22

May ’22

June ’22

22nd of July

12 months

#1a – Number of orders
Buys

9.98

9.55

9.52

11.57

9.36

9.96

8.74

9.84

8.10

8.30

6.78

5.66

107.36

Sold

7.61

6.99

7.08

8.52

6.71

7.14

6.22

7.24

5.47

5.96

5.20

4.43

78.57

In total

17.59

16.54

16.60

09/20

07/16

17.10

14.96

08/17

13.57

14.26

11.98

10.09

185.93

#1b – Number of shares bought or sold
shares bought

3,263

3,412

3,595

3,764

3.169

3.012

2,699

4.104

2,855

3,097

2,983

2,554

38,507

shares sold

3.202

3,300

3,390

3,667

3,074

2,994

2,653

4,044

2,738

3,055

2,884

2,447

37,449

In total

6,465

6,713

6,984

7,432

6,243

6.006

5,353

8.147

5,592

6.152

5,867

5,001

75,956

#2 – Trade for money, including price, commissions and fees
2a buy money

$127,454

$125,954

$133,647

$160,251

$141,591

$155,559

$145,013

$159,411

$130,359

$142,460

$123,938

$107,963

$1,653,599

2b sell money

$125,694

$124,808

$128,438

$158,604

$140,613

$157,885

$143,868

$159,805

$129,809

$144,641

$125,425

$106,681

$1,646,271

2c total

$253,148

$250,762

$262,085

$318,855

$282,204

$313,444

$288,881

$319,215

$260,168

$287,101

$249,362

$214,644

$3,299,870

#3 – Trade Value at Daily VWAP
3a purchase value

$127,439

$125,905

$133,631

$160,132

$141,498

$155,495

$144,989

$159,394

$130,287

$142,417

$123,875

$107,993

$1,653,055

3b sales value

$125,747

$124,841

$128,515

$158,616

$140,656

$157,966

$143,913

$159,861

$129,793

$144,686

$125,409

$106,747

$1,646,749

3c total

$253,186

$250,746

$262,146

$318,747

$282,153

$313,461

$288,902

$319,255

$260,080

$287,103

$249,284

$214,740

$3,299,804

#4 – Total trading spend, including commissions and fees, as a percentage of daily VWAP
4a purchases (2a-3a)

$15.1

$48.4

$15.8

$119.9

$93.8

$63.9

$23.7

$16.4

$71.5

$42.8

$62.8

($30.1)

$543.8

4b Sold (3b-2b)

$52.8

$32.4

$76.9

$11.9

$43.0

$81.1

$44.8

$56.3

($16.3)

$44.9

($15.7)

$66.0

$478.1

4c Total trading costs

$67.9

$80.8

$92.7

$131.8

$136.7

$145.0

$68.5

$72.7

$55.2

$87.7

$47.1

$35.9

$1,021.9

Trading costs as a percentage of trading money
4c/2c

0.027%

0.032%

0.035%

0.041%

0.048%

0.046%

0.024%

0.023%

0.021%

0.031%

0.019%

0.017%

0.031%

#5 – Trading Cost Categories
5a Total Commissions and Fees

$26.1

$27.1

$27.8

$31.4

$26.0

$26.6

$24.2

$32.9

$24.0

$28.2

$27.3

$23.2

$324.8

5b execution costs (4c-5a)

$41.8

$53.7

$64.9

$100.5

$110.8

$118.3

$44.3

$39.8

$31.2

$59.4

$19.8

$12.7

$697.2

#6 – Trading cost categories as a percentage of trading money
Total Commissions & Fees (5a/2c)

0.010%

0.011%

0.010%

0.009%

0.009%

0.008%

0.008%

0.010%

0.009%

0.010%

0.011%

0.011%

0.010%

Execution costs (5b/2c)

0.017%

0.021%

0.025%

0.032%

0.039%

0.038%

0.016%

0.013%

0.012%

0.021%

0.008%

0.006%

0.021%

Net spend for IB customers

0.027%

0.032%

0.035%

0.041%

0.048%

0.046%

0.024%

0.023%

0.021%

0.031%

0.019%

0.017%

0.031%

The above shows that the 12-month moving average all-in cost of an IBKR PRO client trading US Reg. NMS stocks was 3.1 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 customer bank deposit sweep program balances at participating banks. These deposits are not included in the Company’s financial position.

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

Note 4: In connection with our currency diversification strategy, we have chosen to base our net assets on GLOBALs, a basket of 10 major currencies in which we hold our equity. The aggregate effect of the currency diversification strategy is reflected in Total Comprehensive Income and the components are reflected in (1) Other Comprehensive Income and (2) Other Comprehensive Income (“OCI”) on the Balance Sheet. The impact of GLOBAL on our overall results can be estimated by multiplying total equity for the period by the change in US dollar value of GLOBAL over the same period.

Note 5: Trading money is the total amount of money clients have spent or received including all commissions and fees.

Note 6: In line with clients’ trading activity, the calculated VWAP benchmark includes extended trading hours.

_________________

For more information, including historical results for each of the above metrics, please visit the Investor Relations page of the Company’s corporate website at www.interactivebrokers.com/ir.

About Interactive Brokers Group, Inc.:

Interactive Brokers Group affiliates provide clients worldwide with 24/7 automated trade processing and custody in securities, commodities and foreign exchange in over 150 markets in multiple countries and currencies from a single integrated platform. We serve individual investors, hedge funds, proprietary trading groups, financial advisers and introducing brokers. Our four decades of focus on technology and automation has enabled us to provide our clients with a uniquely sophisticated platform to manage their investment portfolios. We strive to provide our clients with advantageous execution pricing and trading, risk and portfolio management tools, research facilities and investment products at low or no cost to position them to achieve superior investment returns. For the fifth consecutive year, Barron’s Interactive ranked Brokers #1 in its Best Online Brokers Review dated March 25, 2022 with 5 stars out of 5.

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, as the case may be, are subject to numerous risks, uncertainties and factors related to the Company’s operations and operating environment that could cause the Company’s actual results to differ materially from any future results expressed or projected in these forward-looking statements implies. All forward-looking statements in this press release are based on information available to the Company as of the date of this press release. The Company undertakes no obligation to publicly update or revise any of its forward-looking statements, even if experience or future changes indicate that the statements expressed or implied by them will not materialize. For more information on risk factors that could potentially affect the Company’s financial results, please refer to the Company’s filings with the Securities and Exchange Commission.

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