Interactive Brokers Group Reports Brokerage Metrics And Other Financial Information For June 2024; 2.469M Daily Average Revenue Trades, 26% Higher YoY And 5% Higher MoM
Author: Benzinga Newsdesk | July 01, 2024 12:23pm
Interactive Brokers Group, Inc. (NASDAQ:IBKR) an automated global electronic broker, today reported its Electronic Brokerage monthly performance metrics for June.
Brokerage highlights for the month included:
2.469 million Daily Average Revenue Trades (DARTs)1, 26% higher than prior year and 5% higher than prior month.
Ending client equity of $497.2 billion, 36% higher than prior year and 2% higher than prior month.
Ending client margin loan balances of $55.1 billion, 32% higher than prior year and 4% higher than prior month.
Ending client credit balances of $107.1 billion, including $4.1 billion in insured bank deposit sweeps2, 8% higher than prior year and about even with prior month.
2.92 million client accounts, 28% higher than prior year and 2% higher than prior month.
190 annualized average cleared DARTs1 per client account.
Average commission per cleared Commissionable Order3 of $2.99 including exchange, clearing and regulatory fees. Key products:
June 2024
Average
Average Commission per
Order Size
Cleared Commissionable Order
Stocks
910 shares
$1.99
Equity Options
6.9 contracts
$4.28
Futures
3.2 contracts
$4.61
Futures include options on futures. We estimate exchange, clearing and regulatory fees to be 57% of the futures commissions.
