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
In his keynote at @ThingsExpo, Chris Matthieu, Director of IoT Engineering at Citrix and co-founder and CTO of Octoblu, focused on building an IoT platform and company. He provided a behind-the-scenes look at Octoblu’s platform, business, and pivots along the way (including the Citrix acquisition of Octoblu).
Cloud computing delivers on-demand resources that provide businesses with flexibility and cost-savings. The challenge in moving workloads to the cloud has been the cost and complexity of ensuring the initial and ongoing security and regulatory (PCI, HIPAA, FFIEC) compliance across private and public clouds. Manual security compliance is slow, prone to human error, and represents over 50% of the cost of managing cloud applications. Determining how to automate cloud security compliance is critical...
The Internet of Things is clearly many things: data collection and analytics, wearables, Smart Grids and Smart Cities, the Industrial Internet, and more. Cool platforms like Arduino, Raspberry Pi, Intel's Galileo and Edison, and a diverse world of sensors are making the IoT a great toy box for developers in all these areas. In this Power Panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists discussed what things are the most important, which will have the most profound...
As organizations shift towards IT-as-a-service models, the need for managing and protecting data residing across physical, virtual, and now cloud environments grows with it. Commvault can ensure protection, access and E-Discovery of your data – whether in a private cloud, a Service Provider delivered public cloud, or a hybrid cloud environment – across the heterogeneous enterprise. In his general session at 18th Cloud Expo, Randy De Meno, Chief Technologist - Windows Products and Microsoft Part...
How will your company move to the cloud while ensuring a solid security posture? Organizations from small to large are increasingly adopting cloud solutions to deliver essential business services at a much lower cost. According to cyber security experts, the frequency and severity of cyber-attacks are on the rise, causing alarm to businesses and customers across a variety of industries. To defend against exploits like these, a company must adopt a comprehensive security defense strategy that is ...
The IoTs will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform. In his session at @ThingsExpo, Craig Sproule, CEO of Metavine, will demonstrate how to move beyond today's coding paradigm and share the must-have mindsets for removing complexity from the development proc...
In the rush to compete in the digital age, a successful digital transformation is essential, but many organizations are setting themselves up for failure. There’s a common misconception that the process is just about technology, but it’s not. It’s about your business. It shouldn’t be treated as an isolated IT project; it should be driven by business needs with the committed involvement of a range of stakeholders.
In today's enterprise, digital transformation represents organizational change even more so than technology change, as customer preferences and behavior drive end-to-end transformation across lines of business as well as IT. To capitalize on the ubiquitous disruption driving this transformation, companies must be able to innovate at an increasingly rapid pace. Traditional approaches for driving innovation are now woefully inadequate for keeping up with the breadth of disruption and change facin...
SYS-CON Events announced today that EastBanc Technologies 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. EastBanc Technologies has been working at the frontier of technology since 1999. Today, the firm provides full-lifecycle software development delivering flexible technology solutions that seamlessly integrate with existing systems – whether on premise or cloud. EastBanc Technologies partners with p...
SYS-CON Events announced today that MangoApps 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. MangoApps provides modern company intranets and team collaboration software, allowing workers to stay connected and productive from anywhere in the world and from any device. For more information, please visit https://www.mangoapps.com/.
The cloud era has reached the stage where it is no longer a question of whether a company should migrate, but when. Enterprises have embraced the outsourcing of where their various applications are stored and who manages them, saving significant investment along the way. Plus, the cloud has become a defining competitive edge. Companies that fail to successfully adapt risk failure. The media, of course, continues to extol the virtues of the cloud, including how easy it is to get there. Migrating...
SYS-CON Events announced today that Catchpoint Systems, Inc., a provider of innovative web and infrastructure monitoring solutions, has been named “Silver Sponsor” of SYS-CON's DevOps Summit at 18th Cloud Expo New York, which will take place June 7-9, 2016, at the Javits Center in New York City, NY. Catchpoint is a leading Digital Performance Analytics company that provides unparalleled insight into customer-critical services to help consistently deliver an amazing customer experience. Designed...
SYS-CON Events announced today that Super Micro Computer, Inc., a global leader in Embedded and IoT 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. Supermicro (NASDAQ: SMCI), the leading innovator in high-performance, high-efficiency server technology, is a premier provider of advanced server Building Block Solutions® for Data Center, Cloud Computing, Enterprise IT, Hadoop/Big Data, HPC and ...
18th Cloud Expo, taking place June 7-9, 2016, at the Javits Center in New York City, NY, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Meanwhile, 94% of enterprises are using some...
@DevOpsSummit taking place June 7-9, 2016 at Javits Center, New York City, and Nov 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with the 18th International @CloudExpo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world.