Mon. 3 Jun 2024, 12:44pm ET
Benzinga
News
Interactive Brokers Group, Inc. (NASDAQ:IBKR) an automated global electronic broker, today reported its Electronic Brokerage monthly performance metrics for May.
Brokerage highlights for the month included:
- 2.360 million Daily Average Revenue Trades (DARTs)1, 27% higher than prior year and 1% higher than prior month.
- Ending client equity of $486.3 billion, 41% higher than prior year and 6% higher than prior month.
- Ending client margin loan balances of $53.1 billion, 33% higher than prior year and 5% higher than prior month.
- Ending client credit balances of $106.7 billion, including $4.0 billion in insured bank deposit sweeps2, 8% higher than prior year and 1% higher than prior month.
- 2.86 million client accounts, 27% higher than prior year and 2% higher than prior month.
- 186 annualized average cleared DARTs1 per client account.
- Average commission per cleared Commissionable Order3 of $3.01 including exchange, clearing and regulatory fees. Key products:
May 2024 | Average | Average Commission per | |||||||||||
Order Size | Cleared Commissionable Order | ||||||||||||
Stocks | 1,131 shares | $2.12 | |||||||||||
Equity Options | 6.6 contracts | $4.04 | |||||||||||
Futures | 3.2 contracts | $4.61 |
Futures include options on futures. We estimate exchange, clearing and regulatory fees to be 57% of the futures commissions.