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GREENWICH, Conn. , January 2, 2024–(BUSINESS WIRE)–Interactive Brokers Group, Inc. (Nasdaq: IBKR), a global automated e-broker, released its monthly e-brokerage functionality metrics for the month of December.
Brokerage of the month highlights included:
1. 972 billion transactions with average profit (DART)1, up 13% from last year and up 4% from last month.
Ending client equity of $426.0 billion, 39% higher than prior year and 5% higher than prior month.
Ending customer margin loan balances of $44. 4 billion, up 14% from a year ago and up 5% from last month.
Ending client credit balances of $104.5 billion, including $3.7 billion in insured bank deposit sweeps2, 10% higher than prior year and 3% higher than prior month.
2.56 million client accounts, 23% higher than prior year and 2% higher than prior month.
172 DART cleared on an annualized average1 consistent with the account.
Average settled commission consistent with commissionable order3 of $3. 17, exchange, clearing, and regulatory fees. Key Products:
December 2023
Average
Average per
Order Size
Commissionable Offset Order
Behavior
1,074 shares
US$2. 02
Storage Options
7. 1 Contracts
$4. 36
Futures Contracts
3. 3 Contracts
MX$4. 86
Futures contracts come with features typical of futures contracts. We estimate foreign exchange, clearing and regulatory fees to be 56% of futures commissions.
Other monetary data from Interactive Brokers Group:
The market value of the U. S. government securities portfolio is the most important factor in the price of the U. S. government’s securities portfolio. U. S. Sales 4 represented a loss of $0. 3 million for the quarter and $8. 4 million for the year ended Dec. 31.
GLOBAL5: The value of the GLOBAL, reported in U.S. dollars, increased by 0.47% in December and increased by 0.41% for the year ended December 31st.
In the interest of transparency, we quantify under the full charge of executing our IBKR PRO clients’ trades.
To see the full multimedia with graphics, see the link:
https://www. interactivebrokers. com/MonthlyMetrics
The average Reg-NMS stock trade in the U. S. It was $22,859 in December (dividing 2C by 1A in the table below).
In December, IBKR PRO clients’ total cost of executing and clearing U.S. Reg.-NMS stocks through IB was about 2.4 basis points of trade money6, as measured against a daily VWAP7 benchmark (2.5 basis points net cost for the rolling twelve months).
Details of Reg. -NMS Inventory Rates for IBKR PRO Clients
All amounts are in millions, %
Previous
January 23
February 23
March 23
April 23
May 23
June 23
July 23
Aug ’23
September 23
October 23
Nov ’23
December 23th
12 months
#1a – Number of orders
Bought
5,97
6. 37
7. 28
4.99
6. 13
6. 04
5. 84
6. 56
5. 14
6. 01
5. 44
5. 61
71,38
Sells
4,65
4.79
5. 37
3. 72
4.66
4,62
4. 35
4,81
3. 67
4. 29
4. 25
4.48
53.66
Total
10. 62
11.16
12:65 p. m.
8. 71
10,79
10. 66
10. 19
11:37 a. m.
8. 81
10:30 a. m.
9. 69
10. 09
125.04
#1b – Number of shares bought or sold
Shares Purchased
2 904
2 857
3 399
2 336
2 706
2,607
2 369
2,858
2 132
2 447
2,431
2 596
31 642
Shares sold
2 768
2,711
3 180
2 158
2,606
2,495
2,262
2,720
2 044
2 367
2,296
2 471
30,078
Total
5 672
5 567
6 579
4 495
5 313
5 102
4 631
5,578
4,176
4 814
4 727
5 067
61 720
#2 – Money swap, including price, commissions and fees
2a Buy money
MX$109,220
MX$122,485
$139,588
MX$90,813
$114,892
$128,303
MX$116,426
MX$129,975
MX$102,405
MX$124,119
MX$119,396
$115,908
MX$1,413,530
2b Sell Money
$108,135
$121,850
MX$136,889
MX$91,534
$111,882
MX$126,129
MX$113,811
MX$131,518
MX$103,953
MX$125,174
$118,893
$114,742
MX$1,404,510
2ctotal
MX$217,356
$244,335
MX$276,476
MX$182,346
$226,774
MX$254,432
$230,237
MX$261,493
MX$206,358
MX$249,294
MX$238,290
$230,650
MX$2,818,040
#3 – Trade Value in the Daily VWAP
3a Purchase Value
MX$109,252
MX$122,425
MX$139,592
MX$90,785
MX$114,824
$128,262
$116,395
$129,887
$102,374
$124,109
MX$119,426
$115,916
MX$1,413,248
3b Sales Value
MX$108,207
$121,878
MX$136,917
$91,534
$111,883
MX$126,175
MX$113,855
MX$131,510
$103,980
MX$125,212
$118,981
MX$114,806
MX$1,404,937
3ctotal
$217,459
$244,303
MX$276,509
$182,319
$226,707
MX$254,438
MX$230,250
$261,397
MX$206,353
MX$249,321
MX$238,407
MX$230,722
MX$2,818,185
No. 4: Total Business Spend, Including Fees and Commissions, vs. Daily VWAP
4th Purchases (2nd-3rd)
($31.6)
US$60. 2
($4.6)
US$27. 5
MX$68. 3
$40.3
$30.5
$88. 2
US$31. 3
US$9. 9
($30. 0)
($8.3)
$281.8
4b Sales (3b-2b)
$72. 2
$28.0
US$28. 4
($0. 0)
$1. 4
US$46. 2
MX$44. 2
($8.0)
$26. 6
US$37. 2
MX$87. 3
US$63. 8
MX$427. 1
4c Total Business Expenses
US$40. 6
MX$88. 2
US$23. 8
MX$27. 4
US$69. 7
$86.5
MX$74. 7
MX$80. 2
$57.9
MX$47. 2
MX$57. 3
US$55. 6
$708. 9
Business Expenses as a Percentage of Business Money
4C/2C
0,019%
0. 036%
0,009%
0.015%
0. 031%
0,034%
0,032%
0,031%
0.028%
0,019%
0. 024%
0,024%
0,025%
#5 – Business Expense Categories
5a Total Commissions & Fees
US$25. 6
US$25. 8
US$28. 4
US$19. 2
US$23. 4
US$22. 7
US$20. 7
US$23. 6
$18.3
$21.5
US$21. 1
US$21. 8
$272.1
5b Execution (4c-5a)
$15.1
MX$62. 4
($4. 7)
$8.2
$46.3
$63.8
$54. 0
MX$56. 6
$39.5
US$25. 7
US$36. 2
US$33. 7
MX$436. 8
#6 – Business Spending Categories as a Percentage of Business Money
Total commissions & fees (5a/2c)
0,012%
0,010%
0.011%
0. 011%
0.011%
0,009%
0,009%
0,009%
0,009%
0,009%
0,009%
0. 009%
0.009%
Execution cost (5b/2c)
0,007%
0.026%
-0,002%
0,004%
0,020%
0. 025%
0,023%
0.022%
0. 019%
0,010%
0,015%
0,015%
0,016%
Net Spend for IB Clients
0,019%
0,036%
0,009%
0,015%
0. 031%
0,034%
0,032%
0,031%
0,028%
0,019%
0,024%
0,024%
0. 025%
The above illustrates that the twelve-month rolling average total charge of an IBKR PRO U. S. Reg. -NMS is 2. 5 basis points.
Note 1: Average Daily Revenue (DART) Trades: Consumer orders divided by the number of trading days in the period.
Note 2: FDIC insured client bank deposit sweep program balances with participating banks. These deposits are not reported in the Company’s statement of financial condition.
Note 3: Commissionable order: An order that generates commissions.
Note 4: Mark-to-market gains and losses on investments in U. S. government securities. U. S. income and related coverages are included in other income. In the general course of our business, we hold those investments until maturity. As a result, the accumulated gains or losses at market price market prices are expected to converge to 0 at expiry. Accounting policies require brokers, unlike banks, to make all investments at market prices.
Note 5: As a component of our currency diversification strategy, we have made the decision to base our net price on GLOBAL, a basket of 10 major currencies in which we hold our capital. The full effect of the currency diversification strategy is presented. in Integral Source of Income and factors are presented in (1) Other Integral Source of Income and (2) Other Integral Source of Income (“ROI”) on the balance sheet. The effect of GLOBAL on our comprehensive revenue source can be estimated by multiplying the overall shareholder equity for the era through the replacement in the U. S. dollar price of GLOBAL during the same era.
Note 6: Trading cash is the total amount clients have spent or received, adding up all commissions and fees.
Note 7: In line with consumers’ business activity, the calculated VWAP benchmark includes extended trading hours.
More information, adding the old effects of the above measures, can be found on the investor relations page of the Company’s corporate website, www. interactivebrokers. com/ir.
About Interactive Brokers Group, Inc. :
Interactive Brokers Group’s subsidiaries provide automated industrial execution and 24-hour custody of securities, commodities and currencies in more than 150 markets across countries and currencies, from a single, unified platform for clients around the world. We cater to individual investors, hedge funds, owners, business groups, money advisors, and introducing brokers. Our four decades of focus on generation and automation have enabled us to equip our clients with a unique and complex platform to manage their investment portfolios. We try to provide our clients with advantageous execution and trading charges. Portfolio and threat control tools, research services, and investment products, all at low cost or no charge, positioning them for incredible returns on investment. For the sixth year in a row, Barron’s ranked Interactive Brokers No. 1 with five out of five stars. in their June 9, 2023 review of the most productive online brokers.
Cautionary note with respect to forward-looking statements:
The above information includes certain forward-looking statements that reflect the Company’s existing beliefs regarding certain current and long-term financial events and performance. These forward-looking statements are and will be, as the case may be, subject to threats, uncertainties and matters relating to the Company’s operations and business environment that could possibly cause the Company’s actual effects to differ materially from the long-term effects, expressed or implied by such forward-looking statements. All forward-looking statements contained in this press release are based on data available to the Company as of the date of this press release. The Company undertakes no legal responsibility to publicly update or revise any forward-looking statements, even if delights or long-term adjustments make it clear that the express or implied statements contained herein will not prove to be correct. Additional information on threat points that may also have effects on the Company’s monetary effects can be found in the Company’s filings with the Department of Securities and Exchange Commission.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240102612672/en/
Contacts
Interactive Brokers Group, Inc. : Rob Garfield – media@ibkr. com.