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GREENWICH, Conn., April 01, 2025--(BUSINESS WIRE)--Interactive Brokers Group, Inc. (Nasdaq: IBKR) an automated global electronic broker, today reported its Electronic Brokerage monthly performance metrics for March.
Brokerage highlights for the month included:
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3.471 million Daily Average Revenue Trades (DARTs)1, 44% higher than prior year and 4% lower than prior month.
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Ending client equity of $573.5 billion, 23% higher than prior year and 2% lower than prior month.
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Ending client margin loan balances of $63.7 billion, 24% higher than prior year and about even with prior month.
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Ending client credit balances of $125.2 billion, including $4.9 billion in insured bank deposit sweeps2, 19% higher than prior year and 1% higher than prior month.
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3.62 million client accounts, 32% higher than prior year and 2% higher than prior month.
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The real account growth in March was 87.7 thousand accounts vs the calculated change in accounts of 74.4 thousand. The difference is attributable to 13.3 thousand accounts that were escheated to governmental authorities, as required by law.
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211 annualized average cleared DARTs1 per client account.
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Average commission per cleared Commissionable Order3 of $2.85 including exchange, clearing and regulatory fees. Key products:
| March 2025 | Average | Average Commission per | ||||||||||||
| Order Size | Cleared Commissionable Order | |||||||||||||
| Stocks | 959 shares | $2.17 | ||||||||||||
| Equity Options | 6.4 contracts | $3.89 | ||||||||||||
| Futures | 2.8 contracts | $3.90 |
Futures include options on futures. We estimate exchange, clearing and regulatory fees to be 57% of the futures commissions.
Other financial information for Interactive Brokers Group:
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Mark to market on U.S. government securities portfolio4 was a gain of $462,000 for the quarter ended March 31st.
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GLOBAL5: The value of the GLOBAL, reported in U.S. dollars, increased by 0.61% in March and increased by 0.75% for the quarter ended March 31st.
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
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Average U.S. Reg-NMS stock trade was $20,834 in March (dividing 2c by 1a in table below).
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In March, IBKR PRO clients’ total cost of executing and clearing U.S. Reg.-NMS stocks through IB was about 3.3 basis points of trade money6, as, measured against a daily VWAP7 benchmark (3.9 basis points net cost for the rolling twelve months).
| IBKR PRO Clients' Reg.-NMS Stock Trading Expense Detail | ||||||||||||||||||||||||||
| All amounts are in millions, except % | ||||||||||||||||||||||||||
| Previous | ||||||||||||||||||||||||||
| Apr '24 | May '24 | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 | Dec '24 | Jan '25 | Feb '25 | Mar '25 | 12 Months | ||||||||||||||
| #1a - Number of orders | ||||||||||||||||||||||||||
| Buys | 8.36 | 8.80 | 8.07 | 10.09 | 9.84 | 8.38 | 10.93 | 11.40 | 13.32 | 12.74 | 12.40 | 12.19 | 126.52 | |||||||||||||
| Sells | 6.21 | 6.67 | 5.83 | 7.55 | 7.53 | 6.54 | 8.33 | 8.62 | 9.66 | 8.97 | 9.08 | 8.71 | 93.70 | |||||||||||||
| Total | 14.57 | 15.47 | 13.90 | 17.64 | 17.37 | 14.92 | 19.26 | 20.02 | 22.98 | 21.71 | 21.48 | 20.90 | 220.22 | |||||||||||||
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| #1b - Number of shares purchased or sold | ||||||||||||||||||||||||||
| Shares bought | 3,387 | 4,712 | 3,305 | 3,855 | 4,154 | 3,614 | 4,645 | 4,744 | 5,517 | 5,223 | 4,946 | 5,047 | 53,149 | |||||||||||||
| Shares sold | 3,190 | 4,374 | 3,100 | 3,767 | 3,960 | 3,436 | 4,390 | 4,497 | 5,232 | 4,868 | 4,738 | 4,804 | 50,356 | |||||||||||||
| Total | 6,577 | 9,087 | 6,405 | 7,622 | 8,114 | 7,050 | 9,035 | 9,241 | 10,749 | 10,090 | 9,683 | 9,851 | 103,504 | |||||||||||||
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| #2 - Trade money including price, commissions and fees | ||||||||||||||||||||||||||
| 2a Buy money | $161,619 | $170,762 | $151,903 | $189,920 | $182,908 | $155,758 | $190,627 | $204,300 | $214,806 | $208,418 | $200,026 | $216,767 | $2,247,813 | |||||||||||||
| 2b Sell money | $165,541 | $169,343 | $147,514 | $191,745 | $186,274 | $154,825 | $188,444 | $201,932 | $215,520 | $203,359 | $204,689 | $218,670 | $2,247,856 | |||||||||||||
| 2c Total | $327,160 | $340,105 | $299,417 | $381,664 | $369,182 | $310,583 | $379,071 | $406,232 | $430,326 | $411,778 | $404,715 | $435,437 | $4,495,670 | |||||||||||||
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| #3 - Trade value at Daily VWAP | ||||||||||||||||||||||||||
| 3a Buy value | $161,534 | $170,686 | $151,684 | $189,851 | $182,849 | $155,692 | $190,537 | $204,249 | $214,660 | $208,258 | $199,957 | $216,676 | $2,246,632 | |||||||||||||
| 3b Sell value | $165,602 | $169,379 | $147,417 | $191,812 | $186,440 | $154,890 | $188,493 | $201,995 | $215,621 | $203,305 | $204,744 | $218,725 | $2,248,424 | |||||||||||||
| 3c Total | $327,135 | $340,066 | $299,101 | $381,663 | $369,289 | $310,582 | $379,030 | $406,243 | $430,281 | $411,563 | $404,702 | $435,401 | $4,495,056 | |||||||||||||
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| #4 - Total trade expense, including commissions and fees, relative to Daily VWAP | ||||||||||||||||||||||||||
| 4a Buys (2a-3a) | $85.1 | $75.4 | $219.1 | $68.8 | $58.6 | $66.6 | $90.7 | $51.4 | $145.7 | $160.6 | $68.5 | $90.6 | $1,181.0 | |||||||||||||
| 4b Sells (3b-2b) | $60.7 | $36.0 | ($97.1) | $67.5 | $166.0 | $65.7 | $49.6 | $62.3 | $100.9 | ($54.3) | $55.2 | $55.2 | $567.8 | |||||||||||||
| 4c Total trade expense | $145.8 | $111.4 | $122.0 | $136.3 | $224.6 | $132.3 | $140.3 | $113.8 | $246.6 | $106.4 | $123.7 | $145.8 | $1,748.8 | |||||||||||||
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| Trade expense as percentage of trade money | ||||||||||||||||||||||||||
| 4c/2c | 0.045% | 0.033% | 0.041% | 0.036% | 0.061% | 0.043% | 0.037% | 0.028% | 0.057% | 0.026% | 0.031% | 0.033% | 0.039% | |||||||||||||
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| #5 - Trade expense categories | ||||||||||||||||||||||||||
| 5a Total commissions & fees | $28.8 | $36.1 | $30.4 | $37.1 | $38.1 | $33.2 | $41.9 | $43.5 | $47.4 | $46.2 | $45.5 | $45.7 | $473.9 | |||||||||||||
| 5b Execution cost (4c-5a) | $117.0 | $75.4 | $91.6 | $99.2 | $186.5 | $99.1 | $98.4 | $70.3 | $199.2 | $60.2 | $78.2 | $100.0 | $1,275.1 | |||||||||||||
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| #6 - Trade expense categories as percentage of trade money | ||||||||||||||||||||||||||
| Total commissions & fees (5a/2c) | 0.009% | 0.011% | 0.010% | 0.010% | 0.010% | 0.011% | 0.011% | 0.011% | 0.011% | 0.011% | 0.011% | 0.010% | 0.011% | |||||||||||||
| Execution cost (5b/2c) | 0.036% | 0.022% | 0.031% | 0.026% | 0.051% | 0.032% | 0.026% | 0.017% | 0.046% | 0.015% | 0.020% | 0.023% | 0.028% | |||||||||||||
| Net Expense to IB Clients | 0.045% | 0.033% | 0.041% | 0.036% | 0.061% | 0.043% | 0.037% | 0.028% | 0.057% | 0.026% | 0.031% | 0.033% | 0.039% | |||||||||||||
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The above illustrates that the rolling twelve months’ average all-in cost of an IBKR PRO client U.S. Reg.-NMS stock trade was 3.9 basis points.