Interactive Brokers Reports November Trading Metrics, Customer Equity up 3% to $44.6 Billion
- The Global broker that executes and processes trades in securities, futures and foreign exchange instruments on more than 100 electronic exchanges and trading venues around the world reports mostly higher November metrics.
Interactive Brokers Group reported November trading metrics that showed a slight increase across most of the reported segments over October with some categories little changed or flat, according to the announcement, however year-over-year (YoY) gains were more significant as can be seen below.
The total number of customer accounts reported was 237,000, up 1% MoM and 13% YoY. Ending customer credit balances of $25.7 billion indicated a 25% increase YoY and 1% higher over October. Ending customer equity of $44.6 billion was 39% higher than prior year, and inched 3% higher over October, according to the release. Ending customer margin loan balances of $12.6 billion, 31% higher than prior year and flat with prior month.
Daily trading volumes over the prior month were at 510,000 daily average revenue trades (DARTs) and up 16% year-over-year (YoY). On an annualized basis, the number of average cleared DARTs per customer account would be 493 cleared trades, for the Connecticut headquartered automated global electronic broker.
A bar chart below compares the cleared DARTs with Customer Equity and the total number of customer account over the last 12 months (Total Accounts values are in the hundreds of thousands, and customer equity in billions of US dollars):
Source: Monthly Brokerage Data, Interactive Brokers, Sept 2012- November 2013
Average commission per cleared customer order of $4.32 including Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term, Clearing Clearing Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Read this Term and regulatory fees.
Key products:
Stocks $2.43
Equity Options $6.00
Futures* $7.02
Interactive Brokers remains to be one of the most well-capitalized Retail Forex Exchange Dealers (RFEDs), according to the latest data from the CFTC for September 2013, which indicated that the firm held over $1.6 billion in excess net regulatory capital (the most of any reporting RFED).
Interactive Brokers Group reported November trading metrics that showed a slight increase across most of the reported segments over October with some categories little changed or flat, according to the announcement, however year-over-year (YoY) gains were more significant as can be seen below.
The total number of customer accounts reported was 237,000, up 1% MoM and 13% YoY. Ending customer credit balances of $25.7 billion indicated a 25% increase YoY and 1% higher over October. Ending customer equity of $44.6 billion was 39% higher than prior year, and inched 3% higher over October, according to the release. Ending customer margin loan balances of $12.6 billion, 31% higher than prior year and flat with prior month.
Daily trading volumes over the prior month were at 510,000 daily average revenue trades (DARTs) and up 16% year-over-year (YoY). On an annualized basis, the number of average cleared DARTs per customer account would be 493 cleared trades, for the Connecticut headquartered automated global electronic broker.
A bar chart below compares the cleared DARTs with Customer Equity and the total number of customer account over the last 12 months (Total Accounts values are in the hundreds of thousands, and customer equity in billions of US dollars):
Source: Monthly Brokerage Data, Interactive Brokers, Sept 2012- November 2013
Average commission per cleared customer order of $4.32 including Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term, Clearing Clearing Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Read this Term and regulatory fees.
Key products:
Stocks $2.43
Equity Options $6.00
Futures* $7.02
Interactive Brokers remains to be one of the most well-capitalized Retail Forex Exchange Dealers (RFEDs), according to the latest data from the CFTC for September 2013, which indicated that the firm held over $1.6 billion in excess net regulatory capital (the most of any reporting RFED).