Interactive Brokers Group reported its Electronic Brokerage monthly performance metrics for September. Brokerage highlights for the month included: 2.634M Daily Average Revenue Trades, 46% higher than prior year and 3% lower than prior month; Ending client equity of $541.5B, 46% higher than prior year and 5% higher than prior month; Ending client margin loan balances of $55.8 billion, 28% higher than prior year and 2% higher than prior month; Ending client credit balances of $116.7B, including $4.6B in insured bank deposit sweeps, 19% higher than prior year and 4% higher than prior month; 3.12M client accounts, 28% higher than prior year and 2% higher than prior month; 190 annualized average cleared DARTs per client account; Average commission per cleared Commissionable Order of $2.88 including exchange, clearing and regulatory fees.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on IBKR:
- The SEC’s Approval of a New Pricing Scheme Benefits Investors, but Brokers May Suffer
- Investors Feeling Cautious Ahead of Fed’s Rate Decision
- Boeing factory workers strike halts 737 MAX production: Morning Buzz
- Interactive Brokers plans to launch market for election betting, WSJ reports
- Interactive Brokers reports August average revenue trades up 40% vs. last year