Interactive Brokers Group reported a 27% year-on-year
increase in daily trading activity in July, alongside sharp gains in client
equity, account numbers, and margin lending.
The brokerage said Daily Average Revenue Trades
(DARTs) reached 3.498 million during the month, slightly ahead of June and up
significantly from July 2024.
The number of client accounts climbed to 3.958
million, an annual increase of 32%. Client equity ended the month at $685.8
billion, up 35% from a year earlier and 3% higher than the previous month.
Margin Lending and Credit Balances Expand
Client margin loan balances rose to $67.6 billion,
marking a 20% increase year-over-year and a 4% monthly gain. Total credit
balances stood at $144.3 billion, including $6.0 billion held in insured bank
deposit sweeps. While unchanged from June, the figure was 32% higher than in
July 2024.
Interactive Brokers reported an average commission of
$2.64 per cleared commissionable order in July, inclusive of exchange,
clearing, and regulatory fees.
The firm noted that futures commissions include
options on futures, with approximately 57% of the fee covering external
charges.
Among IBKR PRO clients, the average U.S. Reg NMS stock
trade was valued at $19,605. The average execution and clearing cost was about
1.8 basis points, measured against a daily VWAP benchmark. The rolling 12-month
figure stood at 3.5 basis points.
GLOBAL Metric Declines for the Month
The broker’s GLOBAL metric, which tracks the performance of global client portfolios, fell 0.73% in July. However, it has remained up 1.63% for the year to date.
Expect ongoing updates as this story evolves.
Interactive Brokers Group reported a 27% year-on-year
increase in daily trading activity in July, alongside sharp gains in client
equity, account numbers, and margin lending.
The brokerage said Daily Average Revenue Trades
(DARTs) reached 3.498 million during the month, slightly ahead of June and up
significantly from July 2024.
The number of client accounts climbed to 3.958
million, an annual increase of 32%. Client equity ended the month at $685.8
billion, up 35% from a year earlier and 3% higher than the previous month.
Margin Lending and Credit Balances Expand
Client margin loan balances rose to $67.6 billion,
marking a 20% increase year-over-year and a 4% monthly gain. Total credit
balances stood at $144.3 billion, including $6.0 billion held in insured bank
deposit sweeps. While unchanged from June, the figure was 32% higher than in
July 2024.
Interactive Brokers reported an average commission of
$2.64 per cleared commissionable order in July, inclusive of exchange,
clearing, and regulatory fees.
The firm noted that futures commissions include
options on futures, with approximately 57% of the fee covering external
charges.
Among IBKR PRO clients, the average U.S. Reg NMS stock
trade was valued at $19,605. The average execution and clearing cost was about
1.8 basis points, measured against a daily VWAP benchmark. The rolling 12-month
figure stood at 3.5 basis points.
GLOBAL Metric Declines for the Month
The broker’s GLOBAL metric, which tracks the performance of global client portfolios, fell 0.73% in July. However, it has remained up 1.63% for the year to date.
Expect ongoing updates as this story evolves.
This post is originally published on FINANCEMAGNATES.
