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TheStreet Open House

Interactive Brokers Group Reports Brokerage Metrics For June 2014

Stocks in this article: IBKR

Interactive Brokers Group, Inc. (NASDAQ GS: IBKR) an automated global electronic broker and market maker, today reported its Electronic Brokerage monthly performance metrics for June.

Highlights for the month included:

  • 495 thousand Daily Average Revenue Trades (DARTs), 7% lower than prior year and 4% lower than prior month.
  • Ending customer equity of $53.9 billion, 44% higher than prior year and 6% higher than prior month.
  • Ending customer margin loan balances of $15.4 billion, 38% higher than prior year and 4% higher than prior month.
  • Ending customer credit balances of $28.3 billion, 25% higher than prior year and 2% higher than prior month.
  • 262 thousand customer accounts, 17% higher than prior year and 1% higher than prior month.
  • 435 annualized average cleared DARTs per customer account.
  • Average commission per cleared customer order of $4.07 including exchange, clearing and regulatory fees. Key products:
June 2014       Average Commission per       Average
Cleared Customer Order Order Size
Stocks $2.15 1,833 shares
Equity Options $6.59 9.8 contracts
Futures* $6.89 3.8 contracts
 
  • In the first half of 2014, annualized:
    • Customer equity grew 36%
    • Customer margin loan balances grew 28%
    • Customer credit balances grew 19%
    • Customer accounts grew 19%
  • Average DARTS for the first half of 2014 grew 14% compared to the first half of last year.

* Includes options on futures. We estimate exchange, clearing and regulatory fees to be 56% of the futures commissions.

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