Interactive Brokers Group reports brokerage metrics and other financial information for July 2022, includes Reg.-NMS execution statistics

GREENWICH, Conn.–(BUSINESS THREAD)–Interactive Brokers Group, Inc. (Nasdaq: IBKR), a global electronic broker-dealer, today reported its monthly Electronic Brokerage performance metrics for July.

Brokerage highlights of the month include:

1.823 million daily average revenue transactions (DART)1, down 23% year-over-year and down 10% month-on-month. End customer capital is $314.4 billion, down 10% from last year and up 7% from last month. End customer margin loan balances of $42.2 billion, down 12% year-over-year and down 1% month-over-month. End customer credit balances of $94.3 billion, including $2.1 billion in junk insured bank deposits2, up 15% year-over-year and up 2% month-on-month. 1.95 million customer accounts, 34% more than the previous year and 1% more than the previous month. 210 DART1 compensated annualized average per customer account. Average fee per cleared commissible order3 of $2.97, including exchange, clearing and regulation fees. Key products:

July 2022

Average commission for

average

Commissioned order approved

Order Size

stocks

$2.14

1,389 shares

Equity options

$4.13

6.6 contracts

futures

$3.65

2.8 contracts

Futures include options on futures. We estimate that exchange, clearing and regulation fees are 57% of futures fees.

Other financial data for Interactive Brokers Group:

GLOBAL4: The value of GLOBAL, in US dollars, decreased by 0.19% in July.

In the interest of transparency, we quantify the total trade execution cost for our IBKR PRO clients below.

For the full media version with graphic, see the link:

In July, the total cost for IBKR PRO clients to execute and clear US Reg.-NMS shares through IB was about 1.7 basis points of trade money5, measured against a point of daily reference VWAP6 (net cost of 3.1 basis points over the trailing twelve months).

IBKR PRO Clients’ Reg.-NMS Detail of share trading expenses
All amounts are in millions except %

Previous

August ’21

September ’21

Oct ’21

Nov ’21

December ’21

January ’22

February ’22

March ’22

Apr ’22

May ’22

June ’22

July ’22

12 months

#1a – Number of orders

purchases

9.98

9.55

9.52

11.57

9.36

9.96

8.74

9.84

8.10

8.30

6.78

5.66

107.36

Ven

7.61

6.99

7.08

8.52

6.71

7.14

6.22

7.24

5.47

5.96

5.20

4.43

78.57

total

17.59

16.54

16.60

20.09

16/07

17.10

14.96

17.08

13.57

14.26

11.98

10.09

185.93

#1b – Number of shares bought or sold

Shares purchased

3,263

3,412

3,595

3,764

3,169

3,012

2,699

4.104

2,855

3,097

2,983

2,554

38,507

Shares sold

3.202

3,300

3,390

3,667

3,074

2,994

2,653

4,044

2,738

3,055

2,884

2,447

37,449

total

6,465

6,713

6,984

7,432

6,243

6,006

5,353

8,147

5,592

6,152

5,867

5,001

75,956

#2 – Trade money with price, fees and commissions

2a Buy money

$127,454

$125,954

$133,647

$160,251

$141,591

$155,559

$145,013

$159,411

$130,359

$142,460

$123,938

$107,963

$1,653,599

2b Sell money

$125,694

$124,808

$128,438

$158,604

$140,613

$157,885

$143,868

$159,805

$129,809

$144,641

$125,425

$106,681

$1,646,271

2c Total

$253,148

$250,762

$262,085

$318,855

$282,204

$313,444

$288,881

$319,215

$260,168

$287,101

$249,362

$214,644

$3,299,870

#3 – Trade Value at Daily VWAP

3a Purchase value

$127,439

$125,905

$133,631

$160,132

$141,498

$155,495

$144,989

$159,394

$130,287

$142,417

$123,875

$107,993

$1,653,055

3b Sales value

$125,747

$124,841

$128,515

$158,616

$140,656

$157,966

$143,913

$159,861

$129,793

$144,686

$125,409

$106,747

$1,646,749

3c Total

$253,186

$250,746

$262,146

$318,747

$282,153

$313,461

$288,902

$319,255

$260,080

$287,103

$249,284

$214,740

$3,299,804

#4 – Total trading spend, including commissions and fees, relative to daily VWAP

4th Shopping (2nd-3rd)

$15.1

$48.4

$15.8

$119.9

$93.8

$63.9

$23.7

$16.4

71.5 dollars

$42.8

$62.8

($30.1)

$543.8

4b Sales (3b-2b)

$52.8

$32.4

$76.9

$11.9

$43.0

$81.1

$44.8

$56.3

($16.3)

$44.9

($15.7)

$66.0

$478.1

4c Total commercial expenditure

$67.9

$80.8

$92.7

$131.8

$136.7

$145.0

$68.5

$72.7

55.2 dollars

$87.7

$47.1

$35.9

$1,021.9

Trade spend as a percentage of trade money

4c/2c

0.027%

0.032%

0.035%

0.041%

0.048%

0.046%

0.024%

0.023%

0.021%

0.031%

0.019%

0.017%

0.031%

#5 – Categories of business expenses

5a Total commissions and fees

$26.1

$27.1

$27.8

$31.4

$26.0

$26.6

$24.2

$32.9

$24.0

$28.2

$27.3

$23.2

$324.8

5b Execution cost (4c-5a)

$41.8

$53.7

$64.9

$100.5

$110.8

$118.3

$44.3

$39.8

$31.2

$59.4

$19.8

$12.7

$697.2

#6 – Business expense categories as a percentage of business money

Total fees and commissions (5a/2c)

0.010%

0.011%

0.010%

0.009%

0.009%

0.008%

0.008%

0.010%

0.009%

0.010%

0.011%

0.011%

0.010%

Execution cost (5b/2c)

0.017%

0.021%

0.025%

0.032%

0.039%

0.038%

0.016%

0.013%

0.012%

0.021%

0.008%

0.006%

0.021%

Net spend for IB customers

0.027%

0.032%

0.035%

0.041%

0.048%

0.046%

0.024%

0.023%

0.021%

0.031%

0.019%

0.017%

0.031%

The above illustrates that the full twelve-month total cost for an IBKR PRO US Reg.-NMS client was 3.1 basis points.

________________

Note 1: Daily Average Revenue Trades (DART): Client orders divided by the number of trading days in the period.

Note 2: FDIC insured customer bank deposit sweep program balances with participating banks. These deposits are not included in the statement of financial position of the Company.

Note 3: Commissionable Order: A customer order that generates commissions.

Note 4: In connection with our currency diversification strategy, we have decided to base our net worth on GLOBALs, a basket of 10 major currencies in which we hold our capital. The total effect of the currency diversification strategy is reported in Comprehensive Income and the components are presented in (1) Other Income and (2) Other Comprehensive Income (“OCI”) on the balance sheet. GLOBAL’s effect on our comprehensive income can be estimated by multiplying total equity for the period by the change in the US dollar value of GLOBAL during the same period.

Note 5: Trading money is the total amount of money that customers have spent or received, including all commissions and fees.

Note 6: Based on clients’ trading activity, the calculated VWAP benchmark includes extended trading hours.

________________

More information, including historical results for each of the above metrics, can be found on the Investor Relations page of the Company’s corporate website, www.interactivebrokers.com/ir.

About Interactive Brokers Group, Inc.:

Affiliates of the Interactive Brokers Group offer automated execution and custody of securities, commodities and currencies in more than 150 markets in numerous countries and currencies, from a single integrated platform to clients around the world. We serve individual investors, hedge funds, proprietary trading groups, financial advisors and introducing brokers. Our four decades of focus on technology and automation have enabled us to provide our clients with a unique and sophisticated platform to manage their investment portfolios. We strive to provide our clients with advantageous execution prices and trading tools, risk and portfolio management, research facilities and investment products, all at low or no cost, positioning them for performance top of investments. For the fifth year in a row, Barron’s ranked Interactive Brokers #1 with 5 out of 5 stars in its March 25, 2022 Best Online Brokers review.

Cautionary Note Regarding Forward-Looking Statements:

The foregoing information contains certain forward-looking statements that reflect the Company’s current views regarding 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 related to the company’s operations and business environment that could cause the company’s actual results to differ materially from future results , expressed or implied, in these forward-looking statements. Any forward-looking statements in this release are based on information available to the company as of the date of this release. The company undertakes no obligation to publicly update or revise its forward-looking statements even if experience or future changes make it clear that the expressed or implied statements will not be realized. Additional information regarding risk factors that could affect the Company’s financial results can be found in the Company’s filings with the Securities and Exchange Commission.

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