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Interactive Brokers Group Reports Brokerage Metrics and Other Financial Information for April 2021, Includes Reg.-NMS Execution Statistics

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Interactive Brokers Group reported its April performance metrics, highlighting a 27% year-over-year increase in Daily Average Revenue Trades (DARTs) to 2.181 million. Client equity reached $344.4 billion, up 92% from last year, and margin loan balances surged 118% to $45.0 billion. Client accounts grew by 69% to 1.36 million. However, DARTs fell 27% from the previous month. The average commission per cleared order was $2.39, showing the company's operational cost efficiency.

Positive
  • DARTs increased 27% year-over-year to 2.181 million.
  • Client equity rose 92% YoY, reaching $344.4 billion.
  • Client margin loan balances jumped 118% YoY to $45.0 billion.
  • Client accounts rose 69% YoY to 1.36 million.
Negative
  • DARTs decreased 27% compared to the previous month.
  • Client credit balances fell 2% month-over-month.

Interactive Brokers Group, Inc. (Nasdaq: IBKR) an automated global electronic broker, today reported its Electronic Brokerage monthly performance metrics for April.

Brokerage highlights for the month included:

  • 2.181 million Daily Average Revenue Trades (DARTs)1, 27% higher than prior year and 27% lower than prior month.
  • Ending client equity of $344.4 billion, 92% higher than prior year and 4% higher than prior month.
  • Ending client margin loan balances of $45.0 billion, 118% higher than prior year and 7% higher than prior month.
  • Ending client credit balances of $82.4 billion, including $2.8 billion in insured bank deposit sweeps2, 19% higher than prior year and 2% lower than prior month.
  • 1.36 million client accounts, 69% higher than prior year and 3% higher than prior month.
  • 370 annualized average cleared DARTs1 per client account.
  • Average commission per cleared Commissionable Order3 of $2.39 including exchange, clearing and regulatory fees. Key products:
April 2021   Average Commission per   Average
  Cleared Commissionable Order   Order Size
Stocks  

$1.64

  2,130 shares
Equity Options  

$3.73

  6.3 contracts
Futures  

$4.23

  2.9 contracts

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

Other financial information for Interactive Brokers Group:

  • GLOBAL4: The value of the GLOBAL, reported in U.S. dollars, increased by 0.45% in April.

In the interest of transparency, we quantify our IBKR PRO clients’ all-in cost of trade execution below.

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

  • In April, IBKR PRO clients’ total cost of executing and clearing U.S. Reg.-NMS stocks through IB was about 2.0 basis points of trade money5, as measured against a daily VWAP6 benchmark (3.1 basis points net cost for the rolling twelve months).
IBKR PRO Clients' Reg.-NMS Stock Trading Expense Detail
All amounts are in millions, except %
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FAQ

What were the April DARTs for Interactive Brokers (IBKR)?

In April, Interactive Brokers reported 2.181 million Daily Average Revenue Trades (DARTs), which is a 27% increase year-over-year.

How much client equity did Interactive Brokers (IBKR) report in April?

Interactive Brokers reported ending client equity of $344.4 billion in April, which is 92% higher than the previous year.

What is the change in margin loan balances for Interactive Brokers (IBKR) in April?

The margin loan balances for Interactive Brokers increased by 118% year-over-year, reaching $45.0 billion.

How many client accounts does Interactive Brokers (IBKR) have as of April?

As of April, Interactive Brokers had 1.36 million client accounts, a 69% increase from the previous year.

What was the average commission per cleared order for Interactive Brokers (IBKR) in April?

The average commission per cleared order for Interactive Brokers in April was $2.39.

Interactive Brokers Group, Inc.

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