Interactive Brokers Group posted impressive trading
metrics in September, highlighting a substantial boost in client engagement and
financial performance. The company’s monthly report highlights notable
increases in Daily Average Revenue Trades (DARTs) and client equity.
Strong Trading Metrics
Interactive Brokers recorded 2.634 million DARTs, a
remarkable 46% increase compared to the previous year, though slightly down 3%
from August. Client equity reached an impressive $541.5 billion, marking a 46%
year-over-year increase and a 5% rise since August.
This surge reflects both market dynamics and
Interactive Brokers’ ability to attract and retain a diverse clientele, which
now numbers 3.12 million accounts, up 28% from the previous year.
The brokerage also reported ending client margin loan
balances of $55.8 billion, reflecting a 28% increase compared to last year and
a 2% rise since the previous month. Moreover, client credit balances totaled $116.7
billion, including $4.6 billion in insured bank deposit sweeps, indicating a
19% increase year over year and a 4% increase month over month.
Cost of Trading
Regarding trading costs, the average commission per
cleared order was $2.88, with stocks averaging $2.04 per order, equity options
at $3.92, and futures at $4.34. Notably, the total cost for executing U.S. Reg.-NMS
stocks through Interactive Brokers was approximately 4.3 basis points of trade
money, emphasizing the firm’s commitment to transparent and cost-effective
trading solutions.
The value of Interactive Brokers” GLOBAL, a measure
reflecting its currency diversification strategy, increased by 0.24% in
September and 1.14% for the quarter, indicating stability amidst fluctuating
global markets. The firm’s strategic approach to diversifying its net
worth across major currencies further strengthens its financial positioning.
Interactive Brokers Group posted impressive trading
metrics in September, highlighting a substantial boost in client engagement and
financial performance. The company’s monthly report highlights notable
increases in Daily Average Revenue Trades (DARTs) and client equity.
Strong Trading Metrics
Interactive Brokers recorded 2.634 million DARTs, a
remarkable 46% increase compared to the previous year, though slightly down 3%
from August. Client equity reached an impressive $541.5 billion, marking a 46%
year-over-year increase and a 5% rise since August.
This surge reflects both market dynamics and
Interactive Brokers’ ability to attract and retain a diverse clientele, which
now numbers 3.12 million accounts, up 28% from the previous year.
The brokerage also reported ending client margin loan
balances of $55.8 billion, reflecting a 28% increase compared to last year and
a 2% rise since the previous month. Moreover, client credit balances totaled $116.7
billion, including $4.6 billion in insured bank deposit sweeps, indicating a
19% increase year over year and a 4% increase month over month.
Cost of Trading
Regarding trading costs, the average commission per
cleared order was $2.88, with stocks averaging $2.04 per order, equity options
at $3.92, and futures at $4.34. Notably, the total cost for executing U.S. Reg.-NMS
stocks through Interactive Brokers was approximately 4.3 basis points of trade
money, emphasizing the firm’s commitment to transparent and cost-effective
trading solutions.
The value of Interactive Brokers” GLOBAL, a measure
reflecting its currency diversification strategy, increased by 0.24% in
September and 1.14% for the quarter, indicating stability amidst fluctuating
global markets. The firm’s strategic approach to diversifying its net
worth across major currencies further strengthens its financial positioning.
This post is originally published on FINANCEMAGNATES.