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.

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








       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
In past @ThingsExpo presentations, Joseph di Paolantonio has explored how various Internet of Things (IoT) and data management and analytics (DMA) solution spaces will come together as sensor analytics ecosystems. This year, in his session at @ThingsExpo, Joseph di Paolantonio from DataArchon, will be adding the numerous Transportation areas, from autonomous vehicles to “Uber for containers.” While IoT data in any one area of Transportation will have a huge impact in that area, combining sensor...
SYS-CON Events announced today that Transparent Cloud Computing (T-Cloud) Consortium will exhibit at the 19th International Cloud Expo®, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. The Transparent Cloud Computing Consortium (T-Cloud Consortium) will conduct research activities into changes in the computing model as a result of collaboration between "device" and "cloud" and the creation of new value and markets through organic data proces...
So you think you are a DevOps warrior, huh? Put your money (not really, it’s free) where your metrics are and prove it by taking The Ultimate DevOps Geek Quiz Challenge, sponsored by DevOps Summit. Battle through the set of tough questions created by industry thought leaders to earn your bragging rights and win some cool prizes.
Between the mockups and specs produced by analysts, and resulting applications built by developers, there exists a gulf where projects fail, costs spiral, and applications disappoint. Methodologies like Agile attempt to address this with intensified communication, with partial success but many limitations. In his session at @DevOpsSummit at 19th Cloud Expo, Charles Kendrick, CTO at Isomorphic Software, will present a revolutionary model enabled by new technologies. Learn how business and deve...
Enterprises have been using both Big Data and virtualization for years. Until recently, however, most enterprises have not combined the two. Big Data's demands for higher levels of performance, the ability to control quality-of-service (QoS), and the ability to adhere to SLAs have kept it on bare metal, apart from the modern data center cloud. With recent technology innovations, we've seen the advantages of bare metal erode to such a degree that the enhanced flexibility and reduced costs that cl...
SYS-CON Events announced today that Niagara Networks will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Niagara Networks offers the highest port-density systems, and the most complete Next-Generation Network Visibility systems including Network Packet Brokers, Bypass Switches, and Network TAPs.
In his session at Cloud Expo, Robert Cohen, an economist and senior fellow at the Economic Strategy Institute, will provide economic scenarios that describe how the rapid adoption of software-defined everything including cloud services, SDDC and open networking will change GDP, industry growth, productivity and jobs. This session will also include a drill down for several industries such as finance, social media, cloud service providers and pharmaceuticals.
Everyone knows that truly innovative companies learn as they go along, pushing boundaries in response to market changes and demands. What's more of a mystery is how to balance innovation on a fresh platform built from scratch with the legacy tech stack, product suite and customers that continue to serve as the business' foundation. In his General Session at 19th Cloud Expo, Michael Chambliss, Head of Engineering at ReadyTalk, will discuss why and how ReadyTalk diverted from healthy revenue an...
SYS-CON Media announced today that @WebRTCSummit Blog, the largest WebRTC resource in the world, has been launched. @WebRTCSummit Blog offers top articles, news stories, and blog posts from the world's well-known experts and guarantees better exposure for its authors than any other publication. @WebRTCSummit Blog can be bookmarked ▸ Here @WebRTCSummit conference site can be bookmarked ▸ Here
Intelligent machines are here. Robots, self-driving cars, drones, bots and many IoT devices are becoming smarter with Machine Learning. In her session at @ThingsExpo, Sudha Jamthe, CEO of IoTDisruptions.com, will discuss the next wave of business disruption at the junction of IoT and AI, impacting many industries and set to change our lives, work and world as we know it.
In today's uber-connected, consumer-centric, cloud-enabled, insights-driven, multi-device, global world, the focus of solutions has shifted from the product that is sold to the person who is buying the product or service. Enterprises have rebranded their business around the consumers of their products. The buyer is the person and the focus is not on the offering. The person is connected through multiple devices, wearables, at home, on the road, and in multiple locations, sometimes simultaneously...
Established in 1998, Calsoft is a leading software product engineering Services Company specializing in Storage, Networking, Virtualization and Cloud business verticals. Calsoft provides End-to-End Product Development, Quality Assurance Sustenance, Solution Engineering and Professional Services expertise to assist customers in achieving their product development and business goals. The company's deep domain knowledge of Storage, Virtualization, Networking and Cloud verticals helps in delivering ...
In the 21st century, security on the Internet has become one of the most important issues. We hear more and more about cyber-attacks on the websites of large corporations, banks and even small businesses. When online we’re concerned not only for our own safety but also our privacy. We have to know that hackers usually start their preparation by investigating the private information of admins – the habits, interests, visited websites and so on. On the other hand, our own security is in danger bec...
The Internet of Things (IoT), in all its myriad manifestations, has great potential. Much of that potential comes from the evolving data management and analytic (DMA) technologies and processes that allow us to gain insight from all of the IoT data that can be generated and gathered. This potential may never be met as those data sets are tied to specific industry verticals and single markets, with no clear way to use IoT data and sensor analytics to fulfill the hype being given the IoT today.
SYS-CON Events announced today that Hitrons Solutions will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Hitrons Solutions Inc. is distributor in the North American market for unique products and services of small and medium-size businesses, including cloud services and solutions, SEO marketing platforms, and mobile applications.