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Interactive Brokers Group Reports Brokerage Metrics and Other Financial Information for May 2019, includes Reg.-NMS Execution Statistics

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GREENWICH, Conn.–(BUSINESS WIRE)–Interactive Brokers Group, Inc. (IEX: IBKR) an automated global
electronic broker, today reported its Electronic Brokerage monthly
performance metrics for May.

Brokerage highlights for the month included:

  • 894 thousand Daily Average Revenue Trades (DARTs), 15% higher than
    prior year and 15% higher than prior month.
  • Ending client equity of $144.2 billion, 7% higher than prior year and
    5% lower than prior month.
  • Ending client margin loan balances of $25.9 billion, 16% lower than
    prior year and 3% lower than prior month.
  • Ending client credit balances of $53.1 billion, including $2.0 billion
    in insured bank deposit sweeps1, 11% higher than prior year
    and 0.2% lower than prior month.
  • 639 thousand client accounts, 20% higher than prior year and 1% higher
    than prior month.
  • 317 annualized average cleared DARTs per client account.
  • Average commission per cleared client order of $3.69 including
    exchange, clearing and regulatory fees. Key products:
              May 2019   Average Commission per       Average
Cleared Client Order Order Size
Stocks $2.32 1,482 shares
Equity Options $5.08 7.4 contracts
Futures $5.71 3.3 contracts

Futures include options on futures. We estimate exchange, clearing and
regulatory fees to be 58% of the futures commissions.

Other financial information for Interactive Brokers Group:

  • GLOBAL2: The value of the GLOBAL, reported in U.S. dollars,
    decreased by 0.08% in May. Year to date, the value of the GLOBAL
    decreased 0.37%.

In the interest of transparency, we quantify our clients’ all-in cost
of trade execution below.

For the full multimedia release with graph see link:

https://www.interactivebrokers.com/MonthlyMetrics

  • In May, clients’ total cost of executing and clearing U.S. Reg.-NMS
    stocks through IB was 2.4 basis points of trade money3, as
    measured against a daily VWAP4 benchmark (1.4 basis points
    net cost for the rolling twelve months).
Interactive Brokers Clients’ Reg.-NMS Stock Trading Expense Detail            
All amounts are in millions, except %          
    Previous
Jun ’18 Jul ’18 Aug ’18 Sep ’18 Oct ’18 Nov ’18 Dec ’18 Jan ’19 Feb ’19 Mar ’19 Apr ’19 May ’19 12 Months
#1a – Number of orders
Buys 2.78 2.49 2.78 2.50 3.52 2.84 2.62 2.72 2.49 2.90 2.73 3.09 33.46
Sells 2.53   2.20   2.48   2.21   3.25   2.59   2.42   2.52   2.24   2.59   2.42   2.73   30.18
Total 5.31 4.69 5.26 4.71 6.77 5.43 5.04 5.24 4.73 5.49 5.15 5.82 63.64
 
#1b – Number of shares purchased or sold
Shares bought 1,372 1,189 1,366 1,301 1,876 1,516 1,450 1,487 1,322 1,537 1,341 1,479 17,235
Shares sold 1,374   1,152   1,299   1,255   1,886   1,488   1,441   1,445   1,262   1,497   1,284   1,450   16,834
Total 2,746 2,341 2,665 2,556 3,763 3,004 2,890 2,932 2,583 3,034 2,625 2,929 34,069
 
#2 – Trade money including price, commissions and fees
2a Buy money $58,612 $53,305 $58,497 $52,940 $86,745 $69,605 $66,543 $64,730 $54,810 $63,835 $57,104 $67,851 $754,575
2b Sell money $59,055   $52,347   $57,646   $51,833   $88,256   $69,879   $68,277   $65,048   $53,604   $63,581   $57,082   $69,502   $756,112
2c Total $117,667 $105,652 $116,143 $104,773 $175,001 $139,484 $134,820 $129,778 $108,413 $127,415 $114,186 $137,354 $1,510,687
 
#3 – Trade value at Daily VWAP
3a Buy value $58,603 $53,329 $58,481 $52,927 $86,705 $69,605 $66,513 $64,744 $54,811 $63,815 $57,103 $67,831 $754,465
3b Sell value $59,069   $52,363   $57,656   $51,843   $88,252   $69,888   $68,256   $65,078   $53,620   $63,593   $57,089   $69,515   $756,220
3c Total $117,672 $105,692 $116,137 $104,770 $174,957 $139,493 $134,769 $129,822 $108,431 $127,408 $114,191 $137,345 $1,510,685
 
#4 – Total trade expense, including commissions and fees,
relative to Daily VWAP
4a Buys (2a-3a) $8.7 ($24.0) $15.8 $13.0 $40.6 ($0.0) $29.4 ($14.1) ($1.4) $20.1 $1.3 $20.3 $109.8
4b Sells (3b-2b) $13.8   $15.5   $9.7   $9.1   ($4.2)   $8.8   ($21.4)   $29.9   $16.0   $12.1   $6.7   $12.3   $108.4
4c Total trade expense $22.5 ($8.4) $25.6 $22.1 $36.3 $8.8 $8.0 $15.9 $14.7 $32.2 $7.9 $32.6 $218.1
 
Trade expense as percentage of trade money
4c/2c 0.019% -0.008% 0.022% 0.021% 0.021% 0.006% 0.006% 0.012% 0.014% 0.025% 0.007% 0.024% 0.014%
 
#5 – Trade expense categories
5a Total commissions & fees $11.8 $10.2 $11.4 $10.8 $15.7 $12.6 $12.2 $12.1 $11.0 $12.8 $11.6 $13.4 $145.6
5b Execution cost (4c-5a) $10.8 ($18.6) $14.2 $11.3 $20.6 ($3.8) ($4.2) $3.7 $3.6 $19.3 ($3.7) $19.2 $72.4
 
#6 – Trade expense categories as percentage of trade money
Total commissions & fees (5a/2c) 0.010% 0.010% 0.010% 0.010% 0.009% 0.009% 0.009% 0.009% 0.011% 0.010% 0.010% 0.010% 0.009%
Execution cost (5b/2c) 0.009%   -0.018%   0.012%   0.011%   0.012%   -0.003%   -0.003%   0.003%   0.003%   0.015%   -0.003%   0.014%   0.005%
Net Expense to IB Clients 0.019% -0.008% 0.022% 0.021% 0.021% 0.006% 0.006% 0.012% 0.014% 0.025% 0.007% 0.024% 0.014%
 

The above illustrates that the rolling twelve months’ average all-in
cost of a client U.S. Reg.-NMS stock trade was 1.4 basis points.

_________________
Note 1: FDIC insured client bank deposit
sweep program balances with participating banks. These deposits are not
reported in the Company’s statement of financial condition.

Note 2: In connection with our currency diversification strategy,
we have determined to base our net worth in GLOBALs, a basket of 14
major currencies in which we hold our equity. The total effect of the
currency diversification strategy is reported in Comprehensive Income;
the components are reported in (1) Other Income in the corporate segment
and (2) Other Comprehensive Income (“OCI”) on the balance sheet. The
effect of the GLOBAL on our comprehensive income can be estimated by
multiplying the total equity for the period by the change in the U.S.
dollar value of the GLOBAL during the same period.

Note 3: Trade money is the total amount of money clients spent or
received, including all commissions and fees.

Note 4: Consistent with the clients’ trading activity, the
computed VWAP benchmark includes extended trading hours.

_________________
More information, including historical results
for each of the above metrics, can be found on the investor relations
page of the Company’s corporate web site, www.interactivebrokers.com/ir.

About Interactive Brokers Group, Inc.: Interactive Brokers Group
affiliates provide automated trade execution and custody of securities,
commodities and foreign exchange around the clock on over 125 markets in
numerous countries and currencies, from a single IBKR Integrated
Investment Account to clients worldwide. We service individual
investors, hedge funds, proprietary trading groups, financial advisors
and introducing brokers. Our four decades of focus on technology and
automation has enabled us to equip our clients with a uniquely
sophisticated platform to manage their investment portfolios at the
lowest cost according to Barron’s Best Online Brokers review, February
25, 2019. We strive to provide our clients with advantageous execution
prices and trading, risk and portfolio management tools, research
facilities and investment products, all at low or no cost, positioning
them to achieve superior returns on investments.

Cautionary Note Regarding Forward-Looking Statements:

The foregoing information contains certain forward-looking statements
that reflect the company’s current views with respect to certain current
and future events and financial performance. These forward-looking
statements are and will be, as the case may be, subject to many risks,
uncertainties and factors relating to the company’s operations and
business environment which may cause the company’s actual results to be
materially different from any future results, expressed or implied, in
these forward-looking statements. Any forward-looking statements in this
release are based upon information available to the company on the date
of this release. The company does not undertake to publicly update or
revise its forward-looking statements even if experience or future
changes make it clear that any statements expressed or implied therein
will not be realized. Additional information on risk factors that could
potentially affect the company’s financial results may be found in the
company’s filings with the Securities and Exchange Commission.

Contacts

For Interactive Brokers Group, Inc.
Investors:
Nancy
Stuebe, 203-618-4070
or
Media:
Kalen Holliday,
203-913-1369


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Humboldt Seed Company partners with Apollo Green to bring California cannabis genetics to the global marketplace

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Apollo Green to distribute Humboldt Seed Company clonal cannabis genetics to Germany, Portugal and Australia

SAN FRANCISCO, April 30, 2024 /PRNewswire/ — Humboldt Seed Company (HSC), California’s leading cannabis seed producer, has announced a partnership with Canadian-based Apollo Green to make eight breeder cuts available to researchers, licensed commercial cultivators and home growers in legal markets worldwide. This first-to-market clonal genetics release is a significant milestone and will expand access to distinctive, high-quality cannabis genetics in both established and emerging global markets including Germany, Portugal and Australia.

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About Humboldt Seed Company

Established in 2001, Humboldt Seed Company is a Northern California heritage brand providing quality cannabis genetics to commercial cultivators and home growers in legalized states across the U.S. and international markets including Spain, Canada, Jamaica, South Africa, Colombia, France, Portugal, Greece, the UK, Malta and Thailand. With a focus on environmental and social justice, they combine traditional breeding and modern scientific practices in their strain development program. They have served the cannabis community for over two decades.

For more information visit https://humboldtseedcompany.com/.

About Apollo Green

Licensed since 2019, Apollo Green is Canada’s leader in cannabis genetics. The company’s mission is to provide an ever-growing bank of seeds and clones to medical patients and recreational consumers. Apollo Green provides clean, trusted cannabis seeds and clones, which are backed by the foremost tissue culture technology to reduce risks, costs and time-to-market for licensed producers around the world. Apollo Green is passionate about cannabis genetics. 

For more information visit https://apollogreen.com/.

Media contact
Jaana Prall
[email protected] 

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