The global multi-asset electronic broker reported its trading metrics rising last month, as the company onboarded 3,500 new clients
Interactive Brokers Group (NYSE:IBKR) reported its monthly performance metrics today, with the shares of the global electronic Multi-Asset broker rising close to all-time highs in the aftermath. The figures have remained buoyant despite the relatively slow month of November, with the company continuing to onboard clients at a decent pace.
The global electronic broker and market maker reported that its clients executed a total of 640,000 Daily Average Revenue Trades (DARTs) in November. This marked an increase of 11 percent when compared to last year and 2 percent when compared to the previous month.
Interactive Brokers Group (NYSE:IBKR) also managed to onboard 3,500 new clients last month, higher by 25 percent when compared to the same month last year. Looking at the total amount of clients, at the end of November, the figure stood at 329,100. This number is higher by 18 percent when compared to November 2014.
Client margin loan balances declined year-on-year by 12 percent to $16.5 billion, but perked up by 6 percent when compared to November. Ending client credit balances were reported at $37.1 billion, which is a 15 percent increase over last year and 3 percent mark up from the prior month.
The number of annualized average cleared DARTs totaled 444 per accounts, with the average commission per cleared client order coming in at $3.86 in November. This number includes Exchange , clearing and regulatory fees.
The average number of shares traded per order was 1,698, with the averaged commission per cleared order that Interactive Brokers Group (NYSE:IBKR) booked amounting to $2.17. Looking at options contracts on equities the figure stood at $6.01, with the futures trades netting the most at $6.31 per trade.
The average number of option contracts per order totaled 9, while for futures the amount was 3.8 contracts.
Shares of Interactive Brokers Group (NYSE:IBKR) reacted positively to the announcement, reaching $44.41 which is a touch lower than the all-time highs marked earlier this year in July, when the company’s stock hit $45.95 per share.
Interactive Brokers Group (NYSE:IBKR) reported its monthly performance metrics today, with the shares of the global electronic Multi-Asset broker rising close to all-time highs in the aftermath. The figures have remained buoyant despite the relatively slow month of November, with the company continuing to onboard clients at a decent pace.
The global electronic broker and market maker reported that its clients executed a total of 640,000 Daily Average Revenue Trades (DARTs) in November. This marked an increase of 11 percent when compared to last year and 2 percent when compared to the previous month.
Interactive Brokers Group (NYSE:IBKR) also managed to onboard 3,500 new clients last month, higher by 25 percent when compared to the same month last year. Looking at the total amount of clients, at the end of November, the figure stood at 329,100. This number is higher by 18 percent when compared to November 2014.
Client margin loan balances declined year-on-year by 12 percent to $16.5 billion, but perked up by 6 percent when compared to November. Ending client credit balances were reported at $37.1 billion, which is a 15 percent increase over last year and 3 percent mark up from the prior month.
The number of annualized average cleared DARTs totaled 444 per accounts, with the average commission per cleared client order coming in at $3.86 in November. This number includes Exchange , clearing and regulatory fees.
The average number of shares traded per order was 1,698, with the averaged commission per cleared order that Interactive Brokers Group (NYSE:IBKR) booked amounting to $2.17. Looking at options contracts on equities the figure stood at $6.01, with the futures trades netting the most at $6.31 per trade.
The average number of option contracts per order totaled 9, while for futures the amount was 3.8 contracts.
Shares of Interactive Brokers Group (NYSE:IBKR) reacted positively to the announcement, reaching $44.41 which is a touch lower than the all-time highs marked earlier this year in July, when the company’s stock hit $45.95 per share.
58% of UK Investors Choose Professional Guidance over 'Finfluencers’
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
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#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
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Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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