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Interactive Brokers
Home›Interactive Brokers›Interactive Brokers Group Reports Brokerage Metrics and Other Financial Information for August 2021, Includes Reg.-NMS Execution Statistics

Interactive Brokers Group Reports Brokerage Metrics and Other Financial Information for August 2021, Includes Reg.-NMS Execution Statistics

By Tim Kane
September 1, 2021
0
0

GREENWICH, Connecticut, September 01, 2021– (BUSINESS WIRE) – Interactive Brokers Group, Inc. (Nasdaq: IBKR), a global automated electronic brokerage, today released its monthly electronic brokerage performance indicators for August.

Brokerage highlights for the month included:

  • 2.170 million Average Daily Income (DART) transactions1, 24% more than the previous year and 8% less than the previous month.

  • Customer equity at the close of $ 364.6 billion, 53% more than the previous year and 4% more than the previous month.

  • Closing customer margin loan balances of $ 49.7 billion, 63% higher than the previous year and 4% higher than the previous month.

  • Accounts payable balances of $ 84.7 billion at year-end, including $ 2.7 billion in insured bank deposit transfers2, 16% more than the previous year and 3% more than the previous month.

  • 1.49 million accounts receivable, 57% more than the previous year and 3% more than the previous month.

  • 329 annualized average compensated DART1 by customer account.

  • Average commission per cleared commissionable order3 $ 2.39 including exchange, clearing and regulatory fees. Featured products :

August 2021

Average commission per

Mean

Order giving right to a commission

Order size

Actions

$ 1.68

1,962 shares

Stock options

$ 3.46

6.3 contracts

Futures contracts

$ 4.31

3.0 contracts

Futures contracts include options on futures contracts. We estimate exchange, clearing and regulatory fees to be 55% of forward commissions.

Other financial information for Interactive Brokers Group:

For the sake of transparency, we are quantifying below the overall cost of executing transactions for our IBKR PRO customers.

For the full multimedia version with graphic, see the link:
https://www.interactivebrokers.com/MonthlyMetrics

  • In August, the total cost to IBKR PRO clients of executing and clearing US Reg.-NMS shares through IB was approximately 2.7 basis points of the trade currency.5, measured against a daily VWAP6 benchmark (3.4 basis points of net cost for the twelve rolling months).

IBKR PRO Clients’ Reg.-NMS Details of Share Trading Fees

All amounts are in millions, except%

Previous

September ’20

20 october

November 20

Dec ’20

January the 21st

the 21st of February

March 21st

Apr 21

May 21

21st of June

July 21

21st of August

12 months

# 1a – Number of orders

Purchases

8.12

7.86

9.77

11.49

15.46

18.42

16.82

10.52

10.04

12.60

10.98

9.98

142.06

Sells

6.09

6.01

7.61

8.25

11.33

13.19

12.34

7.67

7.50

10:00 a.m.

8.10

7.61

105.70

Total

14.21

13.87

17.38

19.74

26.79

31.61

29.16

18.19

17.54

22.60

19.08

17.59

247.76

# 1b – Number of shares bought or sold

Purchased shares

2,614

2,834

3,778

4,166

5,907

6,417

5,327

3 267

3,325

4 261

3 785

3 263

48 944

Shares sold

2,512

2,660

3,574

3,824

5 488

6,052

5.163

3,072

3,265

4,157

3,608

3 202

46,576

Total

5.126

5,493

7 352

7 990

11,395

12,469

10,491

6 339

6 590

8,418

7,393

6,465

95,520

# 2 – trade money including price, commissions and fees

2a Buy money

$ 124,497

$ 110,098

$ 132,293

$ 136,858

$ 161,779

$ 171,280

$ 189,334

$ 129,198

$ 128,083

$ 140,218

$ 135,106

$ 127,454

$ 1,686,197

2b Sell money

$ 122,504

$ 107,298

$ 128,291

$ 130,548

$ 156,739

$ 167,064

$ 185,529

$ 124,045

$ 125,904

$ 139,592

$ 133,527

$ 125,694

$ 1,646,738

2c Total

$ 247,002

$ 217,396

$ 260,584

$ 267,406

$ 318,518

$ 338,344

$ 374,863

$ 253,243

$ 253,987

$ 279,810

$ 268,633

$ 253,148

$ 3,332,935

# 3 – Business value at daily VWAP

3a Purchase value

$ 124,425

$ 110,073

$ 132,284

$ 136,867

$ 161,613

$ 171,092

$ 189,194

$ 129,131

$ 128,053

$ 140,148

$ 135,050

$ 127,439

$ 1,685,368

3b Sale value

$ 122,523

$ 107,317

$ 128,297

$ 130,658

$ 156,683

$ 167,032

$ 185,588

$ 124,030

$ 125,969

$ 139,648

$ 133,552

$ 125,747

$ 1,647,042

3c Total

$ 246,947

$ 217,390

$ 260,581

$ 267,524

$ 318,296

$ 338,124

$ 374,782

$ 253,160

$ 254,022

$ 279,795

$ 268,602

$ 253,186

$ 3,332,410

# 4 – Total trading expenses including commissions and fees versus daily VWAP

4a Purchases (2a-3a)

$ 72.7

$ 25.5

$ 9.1

($ 9.2)

$ 166.5

$ 187.9

$ 139.3

$ 67.1

$ 29.2

$ 69.9

$ 56.2

$ 15.1

$ 829.1

4b Sells (3b-2b)

$ 18.1

$ 19.1

$ 6.4

$ 109.1

($ 55.7)

($ 32.5)

$ 58.6

($ 15.9)

$ 64.1

$ 55.7

$ 25.0

$ 52.8

$ 304.8

4c Total commercial costs

$ 90.8

$ 44.5

$ 15.5

$ 99.9

$ 110.8

$ 155.5

$ 197.8

$ 51.2

$ 93.3

$ 125.6

$ 81.2

$ 67.9

$ 1,133.9

Trade expenditure as a percentage of trade currency

4c / 2c

0.037%

0.020%

0.006%

0.037%

0.035%

0.046%

0.053%

0.020%

0.037%

0.045%

0.030%

0.027%

0.034%

# 5 – Business expense categories

5a Total commissions and fees

$ 23.8

$ 23.9

$ 29.3

$ 33.1

$ 45.8

$ 49.1

$ 41.4

$ 26.2

$ 27.0

$ 33.5

$ 28.7

$ 26.1

$ 387.9

5b Cost of execution (4c-5a)

$ 67.0

$ 20.6

($ 13.9)

$ 66.8

$ 64.9

$ 106.4

$ 156.4

$ 25.0

$ 66.4

$ 92.1

$ 52.5

$ 41.8

$ 746.0

# 6 – Business expense categories as a percentage of business money

Total commissions and fees (5a / 2c)

0.010%

0.011%

0.011%

0.012%

0.015%

0.015%

0.011%

0.010%

0.011%

0.012%

0.010%

0.010%

0.012%

Cost of execution (5b / 2c)

0.027%

0.009%

-0.005%

0.025%

0.020%

0.031%

0.042%

0.010%

0.026%

0.033%

0.020%

0.017%

0.022%

Net spending for IB clients

0.037%

0.020%

0.006%

0.037%

0.035%

0.046%

0.053%

0.020%

0.037%

0.045%

0.030%

0.027%

0.034%

The above shows that the average year-over-year rolling all-in cost of an IBKR PRO US Reg.-NMS client’s share trade was 3.4 basis points.

________________

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

Note 2: Balances from the FDIC-insured customer bank deposit sweep program with participating banks. These deposits are not presented in the Company’s statement of financial position.

Note 3: Commissionable order – a sales order that generates commissions.

Note 4: As part of our currency diversification strategy, we have decided to base our assets on GLOBAL, a basket of 10 major currencies in which we hold our shares. The full effect of the currency diversification strategy is presented in comprehensive income and the components are presented in (1) other income and (2) other comprehensive income (“OCI”) on the balance sheet. The effect of GLOBAL on our comprehensive income can be estimated by multiplying total equity for the period by the change in the US dollar value of GLOBAL during the same period.

Note 5: Trade money is the total amount of money that customers have spent or received, including all commissions and fees.

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

_________________

Further information, including historical results for each of the above metrics, is available on the Investor Relations page of the Company’s website, www.interactivebrokers.com/ir.

About Interactive Brokers Group, Inc .: Interactive Brokers Group subsidiaries provide automated transaction execution and custody of securities, commodities and currencies around the clock in more than 135 markets in multiple countries and currencies, from a single integrated investment account IBKR to customers all over the world. We serve individual investors, hedge funds, proprietary trading groups, financial advisors and introductory brokers. Our four decades of focus on technology and automation have enabled us to equip our clients with a particularly sophisticated platform to manage their investment portfolios. We strive to provide our clients with competitive execution prices and trading, risk and portfolio management tools, research facilities and investment products, all at low or no cost, positioning them to obtain higher returns on investments. Barron’s ranked Interactive Brokers # 1 with 5 out of 5 stars in its Best Online Broker Review of February 26, 2021.

Caution regarding forward-looking statements:

The foregoing information contains certain forward-looking statements that reflect the current opinions of the company 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 numerous risks, uncertainties and factors relating to the operations and the business environment of the Company which may cause the actual results of the Company to differ materially from future results. , expressed or implied, in these forward-looking statements. All forward-looking statements contained in this press release are based on information available to the company at the date of this press release. The company does not undertake to publicly update or revise its forward-looking statements, even if experience or future changes clearly indicate that the statements expressed or implied will not be made. Additional information about risk factors that could affect the Company’s financial results can be found in the Company’s filings with the Securities and Exchange Commission.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20210901005804/en/

Contacts

Contact for Interactive Brokers Group, Inc .:
Rob Garfield – [email protected]

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