Interactive Brokers Group Reports Brokerage Metrics and Other Financial Information for July 2022, Including Reg.-NMS Execution Statistics

GREENWICH, Conn.–(BUSINESS WIRE)–Interactive Brokers Group, Inc. (Nasdaq: IBKR), a global automated electronic brokerage, today released its monthly electronic brokerage performance indicators for the month of July.

Brokerage highlights for the month included:

  • 1.823 million Daily Average Revenue (DART) transactions123% less than the previous year and 10% less than the previous month.

  • Final customer equity of $314.4 billion, 10% less than the previous year and 7% more than the previous month.

  • Customer margin loan ending balances of $42.2 billion, 12% lower than the prior year and 1% lower than the prior month.

  • Customer end credit balances of $94.3 billion, including $2.1 billion in insured bank deposits215% more than the previous year and 2% more than the previous month.

  • 1.95 million customer accounts, 34% more than the previous year and 1% more than the previous month.

  • 210 DARTs cleared on an annualized average1 per customer account.

  • Average commission per commissionable order3 of $2.97 including exchange, clearing and regulatory fees. Featured products :

July 2022

Average commission per

Medium

Commissionable order validated

Order size
Shares

$2.14

1,389 shares
Stock options

$4.13

6.6 contracts
Futures contracts

$3.65

2.8 contracts

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

Other financial information for Interactive Brokers Group:

  • OVERALL4: The value of the GLOBAL, expressed in US dollars, fell by 0.19% in July.

In the interests of transparency, we quantify below the total cost of executing trades for our IBKR PRO clients.

For the complete multimedia version with graphic, see the link:

https://www.interactivebrokers.com/MonthlyMetrics

  • In July, the total cost to IBKR PRO clients of executing and clearing US Reg.-NMS actions through IB was approximately 1.7 basis points of trade money5measured against a daily VWAP6 benchmark (net cost of 3.1 basis points over twelve rolling months).

IBKR PRO Clients’ Reg.-NMS Stock Trading Fees Fees
All amounts are in millions, except %

Previous

21st of August

Sep 21

21st of October

21 November

December 21

January 22

February 22

March 22

Apr ’22

May 22

June ’22

22nd of July

12 months

#1a – Number of orders
Bought

9.98

9.55

9.52

11.57

9.36

9.96

8.74

9.84

8.10

8:30 am

6.78

5.66

107.36

Sell

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

Total

17.59

16.54

4:60 p.m.

20.09

16.07

17.10

14.96

17.08

13.57

14.26

11.98

10.09

185.93

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

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

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 – Exchange 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 – Business 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 Sale 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 trade spend including commissions and fees vs. 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 Sales (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 trade expenditure

$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

Trade spend as a percentage of trade 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 – Business Expense Categories
5a Total commissions and costs

$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 cost (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 – Trade Spend Categories as a Percentage of Trade Money
Total commissions and 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 cost (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 clients

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 rolling twelve-month average aggregate cost of a US Reg.-NMS stock trade from an IBKR PRO client was 3.1 basis points.

________________

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

Footnote 2: FDIC-insured customer bank deposit sweep program balances with participating banks. These deposits are not recognized in the Company’s statement of financial position.

Rating 3: Commissionable order – a customer order that generates commissions.

Note 4: As part of our currency diversification strategy, we have decided to base our net worth on GLOBALs, 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 customers 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.

_________________

More information, including historical results for each of the above metrics, can be found 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 trade execution and custody of securities, commodities and currencies around the clock in over 150 markets in many countries and currencies, from a single integrated platform for customers all over the world. 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 single, 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, all at low or no cost, positioning them to obtain higher returns on investments. For the fifth year in a row, Barron’s ranked Interactive Brokers #1 with 5 out of 5 stars in its March 25, 2022 Top Online Brokers Review.

Caution Regarding Forward-Looking Statements:

The foregoing information contains certain forward-looking statements that reflect the Company’s current beliefs regarding certain current and future events and financial performance. These forward-looking statements are and will be, as applicable, subject to numerous risks, uncertainties and factors relating to the company’s business and business environment, which could cause the company’s actual results to differ materially from any future outcome expressed or implied by these forward-looking statements. All forward-looking statements contained in this press release are based on information available to the company as of 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 therein will not be materialized. 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.

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