Interactive Brokers Group, Inc. (NASDAQ GS: IBKR), an automated
global electronic broker, today reported its Electronic Brokerage
monthly performance metrics for May.
Brokerage highlights for the month included:
- 675 thousand Daily Average Revenue
Trades (DARTs), 5% higher than prior year and 5% higher than prior
month.
- Ending client equity of $103.0 billion,
42% higher than prior year and 4% higher than prior month.
- Ending client margin loan balances of
$22.4 billion, 48% higher than prior year and 3% higher than prior
month.
- Ending client credit balances of $44.3
billion, 14% higher than prior year and about even with prior
month.
- 418 thousand client accounts, 19%
higher than prior year and 2% higher than prior month.
- 378 annualized average cleared DARTs
per client account.
- Average commission per cleared client
order of $3.92 including exchange, clearing and regulatory fees.
Key products:
May 2017 Average Commission per
Average Cleared Client Order Order
Size Stocks $2.25 2,330 shares Equity Options $6.01 8.3
contracts Futures $6.40 3.7 contracts
Futures include options on futures. We
estimate exchange, clearing and regulatory fees to be 59% of the
futures commissions.
Other financial information for Interactive Brokers
Group:
- GLOBAL1: The value of the GLOBAL,
reported in U.S. dollars, increased by 0.47% in May. Year to date,
the value of the GLOBAL increased by 2.02%.
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 May, clients’ total cost of
executing and clearing U.S. Reg.-NMS stocks through IB was 1.5
basis points of trade money2, as measured against a daily VWAP3
benchmark (0.8 basis point for the rolling twelve months).
Interactive Brokers Clients' Reg.-NMS Stock Trading Expense
Detail All
amounts are in millions, except %
Previous Jun '16
Jul '16 Aug '16
Sep '16 Oct '16
Nov '16 Dec '16
Jan '17 Feb '17
Mar '17 Apr '17
May '17 12 Months #1a -
Number of orders Buys 2.05 1.79 2.01 2.04 1.95 2.29 1.92 1.99
2.03 2.33 1.93
2.43 24.76 Sells 1.90 1.66
1.87 1.90 1.79
2.13 1.77 1.82
1.85 2.13 1.77
2.18 22.77
Total 3.95 3.45 3.88 3.94
3.74 4.42 3.69 3.81 3.88 4.46 3.70
4.61 47.53
#1b - Number of shares purchased or sold Shares bought 1,344
1,088 1,234 1,254 1,156 1,415 1,220 1,183 1,201 1,456 1,154
1,384 15,088 Shares sold 1,307 1,071
1,201 1,223 1,126
1,391 1,186 1,149 1,166
1,430 1,097
1,326
14,673
Total 2,651 2,159 2,435 2,477 2,282
2,806 2,406 2,332 2,367 2,886 2,250
2,710 29,761
#2 - Trade money including price, commissions and
fees 2a Buy money $45,068 $36,938 $39,945 $45,001 $39,957
$46,215 $38,685 $37,640 $39,001 $45,935 $41,106
$49,315
$504,806 2b Sell money $44,503 $36,371
$38,793 $43,886 $38,564
$45,536 $37,072 $37,283
$38,352 $44,595 $39,680
$47,307 $491,942
2c Total $89,571
$73,309 $78,738 $88,887 $78,521 $91,751 $75,757 $74,923 $77,353
$90,530 $80,786
$96,622 $996,749 #3 - Trade
value at Daily VWAP 3a Buy value $45,068 $36,935 $39,942
$45,001 $39,951 $46,220 $38,679 $37,636 $39,002 $45,927 $41,098
$49,309 $504,768 3b Sell value $44,507 $36,371
$38,800 $43,893 $38,561
$45,543 $37,072 $37,284
$38,361 $44,598 $39,679
$47,316 $491,985
3c Total
$89,575 $73,306 $78,742 $88,894 $78,512 $91,763 $75,751 $74,920
$77,363 $90,526 $80,777
$96,625 $996,753 #4
- Total trade expense, including commissions and fees, relative to
Daily VWAP 4a Buys (2a-3a) ($0.3 ) $2.8 $2.7 $0.5 $6.6 ($4.4 )
$5.9 $4.4 ($1.1 ) $7.6 $8.6
$6.2 $39.4 4b Sells (3b-2b) $4.5
($0.5 ) $6.9 $7.5
($3.0 ) $6.7 $0.2 $0.4
$9.4 $3.3 ($0.8 )
$8.5 $43.1
4c Total trade expense $4.2
$2.3 $9.6 $8.0 $3.6 $2.3 $6.1 $4.8 $8.3 $10.8 $7.9
$14.6
$82.5 Trade expense as percentage of trade
money 4c/2c 0.005 % 0.003 % 0.012 % 0.009 % 0.005 %
0.003 % 0.008 % 0.006 % 0.011 % 0.012 % 0.010 %
0.015
% 0.008 % #5 - Trade expense
categories 5a Total commissions & fees $10.7 $8.9 $9.8 $9.9
$9.1 $11.0 $9.5 $9.3 $9.5 $11.4 $9.1
$10.8 $119.0
5b Execution cost (4c-5a) ($6.5 ) ($6.6 ) ($0.2 ) ($1.9 )
($5.5 ) ($8.7 ) ($3.4 ) ($4.6 ) ($1.2 ) ($0.6 ) ($1.3 )
$3.8
($36.7 ) #6 - Trade expense categories as
percentage of trade money Total commissions & fees (5a/2c)
0.012 % 0.012 % 0.012 % 0.011 % 0.012 % 0.012 % 0.013 % 0.012 %
0.012 % 0.013 % 0.011 %
0.011 % 0.012 %
Execution cost (5b/2c) -0.007 % -0.009 % 0.000 %
-0.002 % -0.007 % -0.009 % -0.005 %
-0.006 % -0.001 % -0.001 % -0.001 %
0.004 % -0.004 % Net Expense
to IB Clients 0.005 % 0.003 % 0.012 % 0.009 % 0.005 % 0.003 %
0.008 % 0.006 % 0.011 % 0.012 % 0.010 %
0.015 %
0.008 %
The above illustrates that the rolling twelve months’ average
all-in cost of a client U.S. Reg.-NMS stock trade was 0.8 basis
point.
_________________Note 1: In connection with our currency
diversification strategy, we have determined to base our net worth
in GLOBALs, a basket of 14 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 the lowest cost according to
Barron’s Best Online Brokers review, March 20, 2017. 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 on investments.
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/20170601006243/en/
For Interactive Brokers Group, Inc.Investors:Nancy
Stuebe, 203-618-4070orMedia:Kalen Holliday, 203-913-1369
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