Welcome!

News Feed Item

Interactive Brokers Group Reports Brokerage Metrics for July 2014, adds Reg.-NMS Execution Statistics

Interactive Brokers Group, Inc. (NASDAQ GS:IBKR) an automated global electronic broker and market maker, today reported its Electronic Brokerage monthly performance metrics for July.

Highlights for the month included:

  • 528 thousand Daily Average Revenue Trades (DARTs), 14% higher than prior year and 7% higher than prior month.
  • Ending customer equity of $53.7 billion, 37% higher than prior year and flat to prior month.
  • Ending customer margin loan balances of $15.9 billion, 38% higher than prior year and 3% higher than prior month.
  • Ending customer credit balances of $28.5 billion, 21% higher than prior year and 1% higher than prior month.
  • 266 thousand customer accounts, 17% higher than prior year and 1% higher than prior month.
  • 459 annualized average cleared DARTs per customer account.
  • Average commission per cleared customer order of $4.14 including exchange, clearing and regulatory fees. Key products:
                July 2014     Average Commission per     Average
Cleared Customer Order Order Size
Stocks $2.24 1,858 shares
Equity Options $6.63 10.0 contracts
Futures $6.95 3.8 contracts
                Futures include options on futures. We estimate exchange, clearing and regulatory fees to be 57% of the futures commissions.
 

In the interest of transparency, and to quantify our clients’ all-in cost of trade execution, from now on we will be publishing the below statistics as part of our monthly metrics.

  • In July, customers’ total cost of executing and clearing U.S. Reg.-NMS stocks through IB was 1.3 basis points of trade money1, as measured against a daily VWAP benchmark ( 0.8 basis points YTD ).

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

                 
Interactive Brokers Customers' Reg.-NMS Stock Trading Expense Detail
All amounts are in millions, except %
                     

Jan

Feb

Mar

Apr

May

Jun

Jul

       2014 YTD

#1a - Number of orders
Buys 1.89 1.68 1.88 1.83 1.62 1.61 1.76 12.27
Sells   1.73   1.59   1.75   1.73   1.55   1.49   1.62       11.46  
Total 3.62 3.27 3.63 3.56 3.17 3.10 3.38 23.73
 
#1b - Number of shares purchased or sold
Shares bought 1,225 968 1,103 1,034 970 958 994 7,252
Shares sold   1,209   942   1,081   1,006   956   928   988       7,110  
Total 2,434 1,910 2,184 2,040 1,926 1,886 1,982 14,362
 
#2 - Trade money including price, commissions and fees
2a Buy money $51,371 $40,136 $39,492 $44,680 $36,818 $36,765 $38,783 $288,045
2b Sell money   $50,735   $39,450   $39,106   $44,685   $36,537   $35,054   $37,984       $283,551  
2c Total $102,106 $79,586 $78,598 $89,365 $73,355 $71,819 $76,767 $571,596
 
#3 - Trade value at Daily VWAP
3a Buy value $51,371 $40,134 $39,489 $44,661 $36,815 $36,763 $38,752 $287,985
3b Sell value   $50,743   $39,459   $39,105   $44,664   $36,543   $35,060   $37,964       $283,538  
3c Total $102,114 $79,593 $78,594 $89,325 $73,358 $71,823 $76,716 $571,523
 
#4 - Total trade expense, including commissions and fees, relative to Daily VWAP
4a Buys (2a-3a) $0.3 $2.7 $3.4 $18.9 $2.9 $2.4 $30.8 $61.4
4b Sells (3b-2b)   $8.0   $9.1   ($0.3)   ($20.9)   $5.5   $6.5   ($20.8)       ($12.9)  
4c Total trade expense $8.3 $11.8 $3.1 ($2.0) $8.4 $8.9 $10.0 $48.5
 
Trade expense as percentage of trade money
4c/2c 0.008% 0.015% 0.004% -0.002% 0.011% 0.012% 0.013% 0.008%
 
#5 - Trade expense categories
5a Total commissions & fees $10.0 $8.6 $9.9 $9.3 $8.0 $8.1 $8.6 $62.5
5b Execution cost (4c-5a) ($1.7) $3.2 ($6.8) ($11.3) $0.4 $0.8 $1.4 ($14.0)
 
#6 - Trade expense categories as percentage of trade money
Total commissions & fees (5a/2c) 0.010% 0.011% 0.013% 0.010% 0.010% 0.011% 0.011% 0.011%
Execution cost (5b/2c)   -0.002%   0.004%   -0.009%   -0.012%   0.001%   0.001%   0.002%       -0.003%  
Net Expense to IB Customers 0.008% 0.015% 0.004% -0.002% 0.011% 0.012% 0.013% 0.008%
 

The above illustrates that the YTD average all-in cost of a customer U.S. Reg.-NMS stock trade was 0.8 basis points.

_________________


Note 1: Trade money is the total amount of money customers spent or received, including all commissions and fees.

 

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, Inc., together with its subsidiaries, is an automated global electronic broker that specializes in catering to financial professionals by offering state-of-the-art trading technology, superior execution capabilities, worldwide electronic access, and sophisticated risk management tools at exceptionally low costs. The brokerage trading platform utilizes the same innovative technology as the Company’s market making business, which executes and processes trades in securities, futures and foreign exchange instruments on more than 100 electronic exchanges and trading venues around the world. As a market maker, we provide liquidity at these marketplaces and, as a broker, we provide professional traders and investors with electronic access to stocks, options, futures, forex, bonds and mutual funds from a single IB Universal AccountSM. Employing proprietary software on a global communications network, Interactive Brokers Group continuously integrates its software with a growing number of exchanges and trading venues into one automatically functioning, computerized platform that requires minimal human intervention.

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.

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
SYS-CON Events announced today that Avere Systems, a leading provider of enterprise storage for the hybrid cloud, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Avere delivers a more modern architectural approach to storage that doesn’t require the overprovisioning of storage capacity to achieve performance, overspending on expensive storage media for inactive data or the overbuilding of data centers ...
SYS-CON Events announced today that Pythian, a global IT services company specializing in helping companies adopt disruptive technologies to optimize revenue-generating systems, has been named “Bronze Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2015 at the Javits Center in New York, New York. Founded in 1997, Pythian is a global IT services company that helps companies compete by adopting disruptive technologies such as cloud, Big Data, advanced analytics, and DevO...
CIOs and those charged with running IT Operations are challenged to deliver secure, audited, and reliable compute environments for the applications and data for the business. Behind the scenes these tasks are often accomplished by following onerous time-consuming processes and often the management of these environments and processes will be outsourced to multiple IT service providers. In addition, the division of work is often siloed into traditional "towers" that are not well integrated for cro...
SYS-CON Events announced today that Alert Logic, Inc., the leading provider of Security-as-a-Service solutions for the cloud, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Alert Logic, Inc., provides Security-as-a-Service for on-premises, cloud, and hybrid infrastructures, delivering deep security insight and continuous protection for customers at a lower cost than traditional security solutions. Ful...
Recognizing the need to identify and validate information security professionals’ competency in securing cloud services, the two leading membership organizations focused on cloud and information security, the Cloud Security Alliance (CSA) and (ISC)^2, joined together to develop an international cloud security credential that reflects the most current and comprehensive best practices for securing and optimizing cloud computing environments.
SYS-CON Events announced today that FalconStor Software® Inc., a 15-year innovator of software-defined storage solutions, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. FalconStor Software®, Inc. (NASDAQ: FALC) is a leading software-defined storage company offering a converged, hardware-agnostic, software-defined storage and data services platform. Its flagship solution FreeStor®, utilizes a horizonta...
In most cases, it is convenient to have some human interaction with a web (micro-)service, no matter how small it is. A traditional approach would be to create an HTTP interface, where user requests will be dispatched and HTML/CSS pages must be served. This approach is indeed very traditional for a web site, but not really convenient for a web service, which is not intended to be good looking, 24x7 up and running and UX-optimized. Instead, talking to a web service in a chat-bot mode would be muc...
SYS-CON Events announced today that Column Technologies will exhibit at SYS-CON's @DevOpsSummit at Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Established in 1998, Column Technologies is a global technology solutions provider with over 400 employees, headquartered in the United States with offices in Canada, India, and the United Kingdom. Column Technologies provides “Best of Breed” technology solutions that automate the key DevOps principal...
SYS-CON Events announced today that AppNeta, the leader in performance insight for business-critical web applications, will exhibit and present at SYS-CON's @DevOpsSummit at Cloud Expo New York, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. AppNeta is the only application performance monitoring (APM) company to provide solutions for all applications – applications you develop internally, business-critical SaaS applications you use and the networks that deli...
Fortunately, meaningful and tangible business cases for IoT are plentiful in a broad array of industries and vertical markets. These range from simple warranty cost reduction for capital intensive assets, to minimizing downtime for vital business tools, to creating feedback loops improving product design, to improving and enhancing enterprise customer experiences. All of these business cases, which will be briefly explored in this session, hinge on cost effectively extracting relevant data from ...
More and more companies are looking to microservices as an architectural pattern for breaking apart applications into more manageable pieces so that agile teams can deliver new features quicker and more effectively. What this pattern has done more than anything to date is spark organizational transformations, setting the foundation for future application development. In practice, however, there are a number of considerations to make that go beyond simply “build, ship, and run,” which changes ho...
When building large, cloud-based applications that operate at a high scale, it’s important to maintain a high availability and resilience to failures. In order to do that, you must be tolerant of failures, even in light of failures in other areas of your application. “Fly two mistakes high” is an old adage in the radio control airplane hobby. It means, fly high enough so that if you make a mistake, you can continue flying with room to still make mistakes. In his session at 18th Cloud Expo, Lee...
SYS-CON Events announced today that (ISC)²® (“ISC-squared”) will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Two leading non-profits focused on cloud and information security, (ISC)² and Cloud Security Alliance (CSA), developed the Certified Cloud Security Professional (CCSP) certification to address the increased demand for cloud security expertise due to rapid growth in cloud. Recently named “The Next...
The Art of DevOps provides a fun overview to help teams understand DevOps. Written in the style of the famous 6th century Chinese manuscript “The Art of War,” this eBook describes DevOps in the form of a mission to continuously deliver assets to the operational battlegrounds safely, securely, and quickly. It’s a fun read with valuable insights.
SYS-CON Events announced today that iDevices®, the preeminent brand in the connected home industry, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. iDevices, the preeminent brand in the connected home industry, has a growing line of HomeKit-enabled products available at the largest retailers worldwide. Through the “Designed with iDevices” co-development program and its custom-built IoT Cloud Infrastruc...