Interactive Brokers (IBKR) Jan. DARTs Increase 9% MoM

Interactive Brokers Group, Inc. (NASDAQ GS: IBKR), an automated global electronic broker and market maker, today reported its Electronic Brokerage monthly performance metrics for January.

Brokerage highlights for the month included:

• 646 thousand Daily Average Revenue Trades (DARTs), 22% lower than prior year and 9% higher than prior month.
• Ending client equity of $89.4 billion, 38% higher than prior year and 5% higher than prior month.
• Ending client margin loan balances of $18.7 billion, 22% higher than prior year and 4% lower than prior month.
• Ending client credit balances of $42.5 billion, 19% higher than prior year and 2% higher than prior month.
• 391 thousand client accounts, 17% higher than prior year and 2% higher than prior month.
• 385 annualized average cleared DARTs per client account.
• Average commission per cleared client order of $3.90 including exchange, clearing and regulatory fees. Key products:

Futures include options on futures. We estimate exchange, clearing and regulatory fees to be 58% of the futures commissions.

Other financial information for Interactive Brokers Group:

• GLOBAL1: The value of the GLOBAL, reported in U.S. dollars, increased by 1.33% in January.

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

For the full multimedia release with graph see link:

https://www.interactivebrokers.com/MonthlyMetrics

• In January, clients’ total cost of executing and clearing U.S. Reg.-NMS stocks through IB was 0.6 basis point of trade money2, as measured against a daily VWAP3 benchmark (0.6 basis point for the rolling twelve months).

The above illustrates that the rolling twelve months’ average all-in cost of a client U.S. Reg.-NMS stock trade was 0.6 basis point.

_________________Note 1: In connection with our currency diversification strategy, we have determined to base our net worth in GLOBALs, a basket of 15 major currencies in which we hold our equity. The total effect of the currency diversification strategy is reported in Comprehensive Income; the components are reported in (1) Other Income in the corporate segment and (2) Other Comprehensive Income (“OCI”) on the balance sheet. The effect of the GLOBAL on our comprehensive income can be estimated by multiplying the total equity for the period by the change in the U.S. dollar value of the GLOBAL during the same period.

Note 2: Trade money is the total amount of money clients spent or received, including all commissions and fees.

Note 3: Consistent with the clients’ trading activity, the computed VWAP benchmark includes extended trading hours.

More information, including historical results for each of the above metrics, can be found on the investor relations page of the Company’s corporate web site, www.interactivebrokers.com/ir.

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