Interactive Brokers reports November trading metrics

Interactive Brokers Group (NASDAQ: IBKR) reported November brokerage metrics showing 4.273 million Daily Average Revenue Trades, a 29% increase compared to the prior year but a 4% decline from the previous month.

Client equity ended at $769.7 billion, representing a 34% year-over-year increase and a 2% monthly decrease. The company served 4.311 million client accounts, up 33% from the prior year and 2% from the previous month.

Client margin loan balances reached $83.3 billion, marking a 38% annual increase and 2% monthly growth. Client credit balances totaled $154.0 billion, including $6.2 billion in insured bank deposit sweeps, reflecting a 30% year-over-year rise but a 2% monthly decline.

The average commission per cleared commissionable order was $2.62, including exchange, clearing and regulatory fees. Stock orders averaged 809 shares with commissions of $1.94, while equity options averaged 6.6 contracts at $3.84 per order.

The company's GLOBAL currency basket increased 0.05% in November and 1.767% year-to-date when measured in U.S. dollars.

For U.S. Regulation NMS stock trading, Interactive Brokers reported that IBKR PRO clients' total cost of executing and clearing trades was approximately 3.0 basis points of trade money against a daily VWAP benchmark. The rolling twelve-month average was 2.8 basis points.

The average U.S. Reg-NMS stock trade value was $22,756 in November. Total trade expenses included $587.6 million in commissions and fees, with execution costs accounting for $1,053.9 million of the total $1,641.6 million in trade expenses for the twelve-month period.

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