Interactive Brokers Group Inc. shares jumped to a session high, advancing 6% after the firm released its June trading and account metrics that highlighted substantial year-over-year growth across several customer activity measures.
Trading activity and accounts
The firm recorded 5.269 million Daily Average Revenue Trades (DARTs) in June, a 53% increase compared with the same month last year and 6% higher than in May. Client accounts reached 5.185 million, representing a 34% rise from the prior year and a 4% increase month-over-month.
Client balances and lending
Client equity finished the month at $930.3 billion, up 40% year-over-year but down 1% from the prior month. Client margin loan balances stood at $108.5 billion, an increase of 67% year-over-year and 8% from May.
The company reported an annualized average of 222 cleared DARTs per client account. Average commission per cleared commissionable order across the platform was $2.52, a figure that includes exchange, clearing and regulatory fees.
Deposits, execution costs and trade sizes
Client credit balances totaled $182.4 billion, which includes $6.4 billion held in insured bank deposit sweeps. That balance was up 27% year-over-year and rose 1% from the prior month.
For U.S. Reg-NMS stock trades, IBKR PRO clients experienced a total cost of executing and clearing on the platform of roughly 3.2 basis points of trade value in June, measured against a daily VWAP benchmark. The rolling twelve-month net cost for execution and clearing was 2.3 basis points.
The average U.S. Reg-NMS stock trade in June had a notional value of $22,855. Average commission per cleared commissionable order varied by product: stocks at $2.09, equity options at $3.64, and futures at $3.84.
Portfolio valuation movement
The company recorded a mark-to-market loss of $318,000 on its U.S. government securities portfolio for the quarter ended June 30. In addition, the value of the GLOBAL decreased by 0.48% in June and declined 0.21% over the quarter.
This set of metrics underpinned the stock's intraday advance and provides a snapshot of client activity, balances and execution economics for the firm in June.