SYS-CON MEDIA Authors: Elizabeth White, Peter Silva, Liz McMillan, Yeshim Deniz, Pat Romanski

News Feed Item

Interactive Brokers Group Reports Brokerage Metrics for July 2014, adds Reg.-NMS Execution Statistics

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

Highlights for the month included:

  • 528 thousand Daily Average Revenue Trades (DARTs), 14% higher than prior year and 7% higher than prior month.
  • Ending customer equity of $53.7 billion, 37% higher than prior year and flat to prior month.
  • Ending customer margin loan balances of $15.9 billion, 38% higher than prior year and 3% higher than prior month.
  • Ending customer credit balances of $28.5 billion, 21% higher than prior year and 1% higher than prior month.
  • 266 thousand customer accounts, 17% higher than prior year and 1% higher than prior month.
  • 459 annualized average cleared DARTs per customer account.
  • Average commission per cleared customer order of $4.14 including exchange, clearing and regulatory fees. Key products:
                July 2014     Average Commission per     Average
Cleared Customer Order Order Size
Stocks $2.24 1,858 shares
Equity Options $6.63 10.0 contracts
Futures $6.95 3.8 contracts
                Futures include options on futures. We estimate exchange, clearing and regulatory fees to be 57% of the futures commissions.
 

In the interest of transparency, and to quantify our clients’ all-in cost of trade execution, from now on we will be publishing the below statistics as part of our monthly metrics.

  • In July, customers’ total cost of executing and clearing U.S. Reg.-NMS stocks through IB was 1.3 basis points of trade money1, as measured against a daily VWAP benchmark ( 0.8 basis points YTD ).

For the full multimedia release with graph see link.
https://www.interactivebrokers.com/MonthlyMetrics

                 
Interactive Brokers Customers' Reg.-NMS Stock Trading Expense Detail
All amounts are in millions, except %
                     

Jan

Feb

Mar

Apr

May

Jun

Jul

       2014 YTD

#1a - Number of orders
Buys 1.89 1.68 1.88 1.83 1.62 1.61 1.76 12.27
Sells   1.73   1.59   1.75   1.73   1.55   1.49   1.62       11.46  
Total 3.62 3.27 3.63 3.56 3.17 3.10 3.38 23.73
 
#1b - Number of shares purchased or sold
Shares bought 1,225 968 1,103 1,034 970 958 994 7,252
Shares sold   1,209   942   1,081   1,006   956   928   988       7,110  
Total 2,434 1,910 2,184 2,040 1,926 1,886 1,982 14,362
 
#2 - Trade money including price, commissions and fees
2a Buy money $51,371 $40,136 $39,492 $44,680 $36,818 $36,765 $38,783 $288,045
2b Sell money   $50,735   $39,450   $39,106   $44,685   $36,537   $35,054   $37,984       $283,551  
2c Total $102,106 $79,586 $78,598 $89,365 $73,355 $71,819 $76,767 $571,596
 
#3 - Trade value at Daily VWAP
3a Buy value $51,371 $40,134 $39,489 $44,661 $36,815 $36,763 $38,752 $287,985
3b Sell value   $50,743   $39,459   $39,105   $44,664   $36,543   $35,060   $37,964       $283,538  
3c Total $102,114 $79,593 $78,594 $89,325 $73,358 $71,823 $76,716 $571,523
 
#4 - Total trade expense, including commissions and fees, relative to Daily VWAP
4a Buys (2a-3a) $0.3 $2.7 $3.4 $18.9 $2.9 $2.4 $30.8 $61.4
4b Sells (3b-2b)   $8.0   $9.1   ($0.3)   ($20.9)   $5.5   $6.5   ($20.8)       ($12.9)  
4c Total trade expense $8.3 $11.8 $3.1 ($2.0) $8.4 $8.9 $10.0 $48.5
 
Trade expense as percentage of trade money
4c/2c 0.008% 0.015% 0.004% -0.002% 0.011% 0.012% 0.013% 0.008%
 
#5 - Trade expense categories
5a Total commissions & fees $10.0 $8.6 $9.9 $9.3 $8.0 $8.1 $8.6 $62.5
5b Execution cost (4c-5a) ($1.7) $3.2 ($6.8) ($11.3) $0.4 $0.8 $1.4 ($14.0)
 
#6 - Trade expense categories as percentage of trade money
Total commissions & fees (5a/2c) 0.010% 0.011% 0.013% 0.010% 0.010% 0.011% 0.011% 0.011%
Execution cost (5b/2c)   -0.002%   0.004%   -0.009%   -0.012%   0.001%   0.001%   0.002%       -0.003%  
Net Expense to IB Customers 0.008% 0.015% 0.004% -0.002% 0.011% 0.012% 0.013% 0.008%
 

The above illustrates that the YTD average all-in cost of a customer U.S. Reg.-NMS stock trade was 0.8 basis points.

_________________


Note 1: Trade money is the total amount of money customers spent or received, including all commissions and fees.

 

More information, including historical results for each of the above metrics, can be found on the investor relations page of the Company’s corporate web site, www.interactivebrokers.com/ir.

About Interactive Brokers Group, Inc.:

Interactive Brokers Group, Inc., together with its subsidiaries, is an automated global electronic broker that specializes in catering to financial professionals by offering state-of-the-art trading technology, superior execution capabilities, worldwide electronic access, and sophisticated risk management tools at exceptionally low costs. The brokerage trading platform utilizes the same innovative technology as the Company’s market making business, which executes and processes trades in securities, futures and foreign exchange instruments on more than 100 electronic exchanges and trading venues around the world. As a market maker, we provide liquidity at these marketplaces and, as a broker, we provide professional traders and investors with electronic access to stocks, options, futures, forex, bonds and mutual funds from a single IB Universal AccountSM. Employing proprietary software on a global communications network, Interactive Brokers Group continuously integrates its software with a growing number of exchanges and trading venues into one automatically functioning, computerized platform that requires minimal human intervention.

Cautionary Note Regarding Forward-Looking Statements:

The foregoing information contains certain forward-looking statements that reflect the company's current views with respect to 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 relating to the company's operations and business environment which may cause the company's actual results to be materially different from any future results, expressed or implied, in these forward-looking statements. Any forward-looking statements in this release are based upon information available to the company on the date of this release. The company does not undertake to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any statements expressed or implied therein will not be realized. Additional information on risk factors that could potentially affect the company's financial results may be found in the company's filings with the Securities and Exchange Commission.

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
This talk focuses on the application of DevOps fundamentals to include network infrastructure. It draws from real deployment case studies on the extension of today's paradigms to address the challenges of the network infrastructures' ability to seamlessly and cohesively integrate into agile workflows. In this session at DevOps Summit, Arista Networks will focus on configuration management using automation with a nod to future work necessary to include telemetry and ephemeral state information....
Avnet, Inc. has announced that it ranked No. 4 on the InformationWeek Elite 100 – a list of the top business technology innovators in the U.S. Avnet was recognized for the development of an innovative cloud-based training system that serves as the foundation for Avnet Academy – the company’s education and training organization focused on technical training around top IT vendor technologies. The development of this system allowed Avnet to quickly expand its IT-related training capabilities around...
SYS-CON Events announced today that dcVAST, a leader in IT infrastructure management, support service and cloud service, will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. dcVAST provides cutting-edge IT services and IT infrastructure management services. dcVAST builds robust systems that are simple, secure and serviceable. dcVAST’s IT infrastructure support and IT services expertise can help companies r...
DevOps Summit, taking place Nov 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 17th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long developmen...
While Docker continues to be the darling of startups, enterprises and IT innovators around the world, networking continues to be a real mess. Indeed, managing the interaction between Docker containers and networks has always been fraught with complications. Without automation in networking, the vision of running Docker at scale and letting IT run the same apps unchanged on the laptop and in the data center or for any cloud cannot be realized.
SYS-CON Events announced today Isomorphic Software, the global leader in high-end, web-based business applications, will exhibit at SYS-CON's DevOps Summit 2015 New York, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Isomorphic Software is the global leader in high-end, web-based business applications. We develop, market, and support the SmartClient & Smart GWT HTML5/Ajax platform, combining the productivity and performance of traditional desktop software ...
Artifactory binary repository management system. As one of the most widely used binary repositories and the only repository that offers a high availability clustered solution, the integration with Artifactory helps customers easily adopt CA Release Automation to optimize their entire software development lifecycle. “Artifactory is a standard maker at the continuous-integration domain and provides the user a powerful repository experience with the freedom to choose his own tools set and ecosyste...
The OnPage SOAP API provides programmatic access to OnPage messaging services. Typical applications include sending messages to individual OnPage users or groups and receiving tracking information for messages such as delivery and read timestamps or reply information. The API is based on open standards known collectively as "Web Services," which includes the Simple Object Access Protocol (SOAP), Web Services Definition Language (WSDL), and the XML Schema Definition language (XSD).
SYS-CON Events announced today the DevOps Foundation Certification Course, being held June ?, 2015, in conjunction with DevOps Summit and 16th Cloud Expo at the Javits Center in New York City, NY. This sixteen (16) hour course provides an introduction to DevOps – the cultural and professional movement that stresses communication, collaboration, integration and automation in order to improve the flow of work between software developers and IT operations professionals. Improved workflows will res...
Docker is becoming very popular--we are seeing every major private and public cloud vendor racing to adopt it. It promises portability and interoperability, and is quickly becoming the currency of the Cloud. In his session at DevOps Summit, Bart Copeland, CEO of ActiveState, discussed why Docker is so important to the future of the cloud, but will also take a step back and show that Docker is actually only one piece of the puzzle. Copeland will outline the bigger picture of where Docker fits a...
Ayla Networks, whose agile Internet of Things (IoT) platform makes it easy for manufacturers to deliver secure, connected products, today announced it has been included in the list of "Cool Vendors" in the Internet of Things report by Gartner, Inc. “Gartner knows how important it is that manufacturers of all kinds of products have the right IoT solution to help turn their products into connected ‘things,’” said David Friedman, CEO and co-founder of Ayla Networks. “The market for Ayla’s IoT pla...
A new definition of Big Data & the practical applications of the defined components & associated technical architecture models This presentation introduces a new definition of Big Data, along with the practical applications of the defined components and associated technical architecture models. In his session at Big Data Expo, Tony Shan will start with looking into the concept of Big Data and tracing back the first definition by Doug Laney, and then he will dive deep into the description of 3V...
SYS-CON Events announced today that CenturyLink, Inc., a leader in the network services market, has been named “Platinum Sponsor” of SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. CenturyLink is the third largest telecommunications company in the United States and is recognized as a leader in the network services market by technology industry analyst firms. The company is a global leader in cloud infrastructure and ...
ScriptRock has been included in the list of "Cool Vendors" in the "Cool Vendors in DevOps 2015" report by Gartner, Inc.* ScriptRock provides visibility into the configuration state of an organization's IT environments, enabling the continuous delivery of mission critical services. For enterprises where downtime is not an option, ScriptRock's system-wide overwatch offers the assurance that misconfigurations and anomalies are caught before they affect the business. By satisfying this fundamental ...
As cloud gives an opportunity to businesses to buy services externally – how is cloud impacting your customers? In his General Session at 15th Cloud Expo, Fabio Gori, Director of Worldwide Cloud Marketing at Cisco, provided answers to big questions: Do you see hybrid cloud as where the world is going? What benefits does it bring? And how does Cisco connect all of these clouds? He also discussed Intercloud and Cisco’s investment on it.