Interactive Brokers’ October metrics paint a comprehensive picture of its current market positioning and client behavior. The firm’s strategic focus on transparency and efficiency in trade execution remains a cornerstone of its operations, as reflected in the detailed analysis of costs associated with trades and commissions.
Interactive Brokers has reported its Electronic Brokerage monthly performance metrics for October, showcasing diverse trends in daily trades, client equity, and other key financial areas.
Interactive Brokers witnessed several notable trends in October:
- Daily Average Revenue Trades (DARTs) reached 1.934 million, a 2% decrease from the previous year but an 8% increase from the prior month.
- Client equity ended at $367.2 billion, marking a 24% increase from the previous year but a 1% decrease from the previous month.
- Client margin loan balances stood at $42.1 billion, showing a 7% year-over-year increase but a 3% decline from the previous month.
- Client credit balances totaled $96.7 billion, including $3.5 billion in insured bank deposit sweeps, which is a 2% increase from the prior year but a 1% decrease from the previous month.
- The number of client accounts reached 2.48 million, a substantial 22% increase from the prior year and a 2% rise from the previous month.
- The annualized average of cleared DARTs per client account was 176.
- In terms of commission, the average per cleared Commissionable Order was $3.16, encompassing exchange, clearing, and regulatory fees. This includes specifics for stocks, equity options, and futures:
Stocks: Average order size of 945 shares with an average commission of $1.93.
Equity Options: Average of 6.7 contracts per order with a commission of $4.31.
Futures: Average of 3.1 contracts per order with a commission of $4.33.
Cost of executing and clearing U.S. Reg.-NMS stocks for IBKR PRO clients was 1.9 bp
Interactive Brokers’ GLOBAL value, reported in U.S. dollars, saw a minor decrease of 0.09% in October. The firm also highlighted its commitment to transparency, particularly concerning the all-in cost of trade execution for IBKR PRO clients.
The average U.S. Reg-NMS stock trade in October was $24,203. The total cost of executing and clearing U.S. Reg.-NMS stocks for IBKR PRO clients was approximately 1.9 basis points of trade money, compared to a daily VWAP benchmark (2.5 basis points net cost for the rolling twelve months).
Interactive Brokers’ October metrics paint a comprehensive picture of its current market positioning and client behavior. The firm’s strategic focus on transparency and efficiency in trade execution remains a cornerstone of its operations, as reflected in the detailed analysis of costs associated with trades and commissions.
