Interactive Brokers has released its monthly
performance metrics for March, highlighting a mixed performance. The global
electronics broker reported 2.412 million daily average revenue trades (DARTs),
representing an increase of 17% and a decline of 1% from the previous month.
The report highlighted a significant increase in
client equity, margin loan balances, and client credit balances. Ending client
equity stood at $465.9 billion, marking a substantial growth of 36% from the
prior year and a boost of 4% from the previous month.
Similarly, client margin loan balances experienced a
notable expansion of 30% year-on-year, reaching $51.2 billion. This marked an
uptick of an 8% increase from the prior month.
Additionally, ending client credit balances, including
insured bank deposit sweeps, totaled $104.9 billion, reflecting a rise of a 9%
increase from the prior year and an uptick of a 2% increase from the previous
month.
Interactive Brokers experienced significant growth in
client accounts, with a total of 2.75 million accounts recorded in March. This
marked a notable upsurge of a 25% increase from the prior year and a decline of
a 2% increase from the previous month.
The report provides insights into the average
commission per cleared Commissionable Order across key products. Notably, the
average commission per cleared order for stocks stood at $1.87, while for
equity options and futures, it was $4.02 and $4.62, respectively. Besides that, the latest report indicated an
annualized average cleared DARTs per client account of 199.
Trading Activity
In addition to brokerage metrics, the report includes
other financial information, such as mark-to-market on the U.S. government
securities portfolio, which registered a loss of $900,000 for the quarter ended
March 31st.
Moreover, the report provides insights into the
performance of the GLOBAL, reporting a slight decrease of 0.09% in March and a
0.73% decrease for the quarter ended March 31st, reflecting broader market
trends and economic dynamics.
Interactive Brokers Group emphasizes transparency by
quantifying the all-in cost of trade execution for its IBKR PRO clients. The
report indicates that the average U.S. Reg-NMS stock trade was $22,335 in
March, with the client’s total cost of executing and clearing U.S. Reg-NMS stocks
through IB estimated at about 4.3 basis points of trade money.
Interactive Brokers provides automated trade execution
and custody services across multiple markets and asset classes. The company
aims to enable clients to access tools and resources to effectively manage
their investment portfolios.
Interactive Brokers has released its monthly
performance metrics for March, highlighting a mixed performance. The global
electronics broker reported 2.412 million daily average revenue trades (DARTs),
representing an increase of 17% and a decline of 1% from the previous month.
The report highlighted a significant increase in
client equity, margin loan balances, and client credit balances. Ending client
equity stood at $465.9 billion, marking a substantial growth of 36% from the
prior year and a boost of 4% from the previous month.
Similarly, client margin loan balances experienced a
notable expansion of 30% year-on-year, reaching $51.2 billion. This marked an
uptick of an 8% increase from the prior month.
Additionally, ending client credit balances, including
insured bank deposit sweeps, totaled $104.9 billion, reflecting a rise of a 9%
increase from the prior year and an uptick of a 2% increase from the previous
month.
Interactive Brokers experienced significant growth in
client accounts, with a total of 2.75 million accounts recorded in March. This
marked a notable upsurge of a 25% increase from the prior year and a decline of
a 2% increase from the previous month.
The report provides insights into the average
commission per cleared Commissionable Order across key products. Notably, the
average commission per cleared order for stocks stood at $1.87, while for
equity options and futures, it was $4.02 and $4.62, respectively. Besides that, the latest report indicated an
annualized average cleared DARTs per client account of 199.
Trading Activity
In addition to brokerage metrics, the report includes
other financial information, such as mark-to-market on the U.S. government
securities portfolio, which registered a loss of $900,000 for the quarter ended
March 31st.
Moreover, the report provides insights into the
performance of the GLOBAL, reporting a slight decrease of 0.09% in March and a
0.73% decrease for the quarter ended March 31st, reflecting broader market
trends and economic dynamics.
Interactive Brokers Group emphasizes transparency by
quantifying the all-in cost of trade execution for its IBKR PRO clients. The
report indicates that the average U.S. Reg-NMS stock trade was $22,335 in
March, with the client’s total cost of executing and clearing U.S. Reg-NMS stocks
through IB estimated at about 4.3 basis points of trade money.
Interactive Brokers provides automated trade execution
and custody services across multiple markets and asset classes. The company
aims to enable clients to access tools and resources to effectively manage
their investment portfolios.
