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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:

  • 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 %          
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,

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.


For Interactive Brokers Group, Inc.
Stuebe, 203-618-4070
Kalen Holliday,


IMCC Appoints Yaron Berger as CEO of IMC Holdings



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IM Cannabis Corp. (the “Company” or “IMCC”) (CSE: IMCC), one of the world’s pioneering medical cannabis companies with operations across Europe, is pleased to announce the appointment of Yaron Berger as Chief Executive Officer of I.M.C. Holdings Ltd. (“IMC“), the Company’s wholly-owned operating subsidiary in IsraelOren Shuster will remain the Chief Executive Officer of IM Cannabis Corp.

Mr. Berger brings more than 10 years of experience in various senior roles both in public and private sectors, leading large-scale operations. Most recently, Mr. Berger was the Chief Executive Officer of Telepharma Ltd. (“Telepharma,” doing business as epharma), a leading wholesaler, direct marketer of prescription drugs and chain of pharmacies in Israel. At Telepharma, among other accomplishments, Mr. Berger re-branded its digital platform and transformed the customer experience. As an early entrant into the medical cannabis sector, Mr. Berger also established Greenpharma under Telepharma, a full-service distributor, patient counselling service provider and online resource for medical cannabis patients in Israel. Prior to his experience in the pharmaceutical sector, Mr. Berger served as the Chief Operating Officer of the National Police Academy and spent over 20 years in the Israeli Air Force, most recently as a Lieutenant Colonel.

Oren Shuster, Chief Executive Officer of IMCC said “Yaron is uniquely qualified to lead our Israeli operations under the new medical cannabis regulatory regime, which requires a high level of engagement and education for the country’s pharmacists on the benefits of medical cannabis. Yaron was an early mover in identifying the opportunity in medical cannabis and we are very excited to benefit from his expertise in the pharmacy channel to maintain IMC’s status as a leading medical cannabis brand in Israel.”

“I am thrilled to be joining the IMC team, who I have known as a leader in the medical cannabis market in Israel over the past ten years,” said Mr. Berger. “The IMC brand is synonymous with quality and innovation. The new medical cannabis reform in Israel presents a significant opportunity for the Company and the IMC brand to further elevate its market position as the preferred medical cannabis brand for physicians, pharmacists and patients.”


SOURCE IM Cannabis Corp.

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LCBO’s bottom line proves privatized alcohol sales a bad idea: OPSEU’s Thomas



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The LCBO’s latest profits show the Crown corporation’s value to the people of Ontario, OPSEU President Warren (Smokey) Thomas said Friday.

In its 2018/2019 annual report released Thursday, the LCBO is reporting earnings of $2.37 billion on total revenue of $6.39 billion.

Thomas said those profits go to the provincial government and pay for vital public services like health, education and highways.

“This is why the Ford government should rethink allowing corner stores and grocery stores to sell more alcohol,” said Thomas.  “Is saving folks a 10 minute drive in some cases worth jeopardizing their health care?”

OPSEU represents LCBO workers and Thomas says these frontline professionals deserve the credit for the corporation’s continued success.

“The reason the LCBO is the gold standard in selling alcohol responsibly is because of OPSEU members who make sure alcohol isn’t sold to minors or intoxicated people,” said Thomas.

“They also provide customer service that is second to none and they’re the ones who have made the LCBO a success story.”

As he read the LCBO report, OPSEU First Vice-President/Treasurer Eduardo (Eddy) Almeida reflected on the Ford government’s decision to take the sale of legalized cannabis away from the Crown Corporation.

“Think of what the LCBO’s profits would have been if Premier Ford hadn’t scrapped the plan of the former Liberal government?” said Almeida.   “I’ve put together a lot of budgets and I know how tough an exercise it is.”

“It still makes me shake my head that a government that claimed it had catastrophic financial problems would turn down massive amounts of revenue and go on the misguided course that the Conservatives took. Really? Wow.”

Almeida says municipalities who voted to opt out of Doug Ford’s foolish cannabis privatization plan should stand firm and demand a responsible plan.

“The LCBO continues to prove it’s the best option to keep controlled substances out of the hands of minors,” said Almeida.  “Municipalities and Ontarians in general should continue to demand a responsible plan and just say no to Doug’s. After all, a little competition wouldn’t be a bad thing would it?”

SOURCE Ontario Public Service Employees Union (OPSEU)

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Base Oil Market Worth $39.6 Billion by 2024 – Exclusive Report by MarketsandMarkets™



According to the new market research report Base Oil Market by Group (Group I, Group II, Group III, Group IV, Group V), Application (Automotive Oil, Industrial Oil, Hydraulic Oil, Grease, Metalworking Fluid), Region (North AmericaEuropeAsia PacificSouth America, MEA) – Global Forecast to 2024″, published by MarketsandMarkets, the Base Oil Market is projected to grow from USD 33.7 billion in 2019 to USD 39.6 billion by 2024, at a CAGR of 3.3% from 2019 to 2024. The growing demand for high-grade oils in the automotive industry, as well as the increasing GDP in Asia Pacific driven by increasing industrial activities are key factors fuelling the growth of the base oil market across the globe.

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150 – Tables
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480 – Pages

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Group II segment to lead the base oil industry from 2019 to 2024

Based on group, the base oil market has been segmented into Group I, Group II, Group III, Group IV, and Group V. The Group II segment accounted for the major share of the market in 2018. Group II base oil can be employed in a multitude of applications, such as marine and gas engines, in trunk piston engine oils, and other applications in the base oil industry. The high consumption of Group II base oil is mainly attributed to its higher performance and affordability in comparison to the other groups of base oil. Thus, the Group II segment is likely to lead the market during the forecast period.

Automotive oil application segment to lead the base oil market during the forecast period

Based on application, the automotive oil segment led the base oil industry in 2018. This segment is also expected to witness significant growth during the forecast period owing to the rise of the automotive sector in developing countries, such as India and China. Population growth in the Asia Pacific region is increasing the demand for automobiles, which is, in turn, driving the market for automotive oils.

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Asia Pacific base oil market projected to witness the highest CAGR

Among regions, the Asia Pacific base oil market is projected to register the highest CAGR from 2019 to 2024. IndiaChinaIndonesia, and Japan are key countries contributing to the increased demand for lubricants, and in effect base oil, in this region. Increasing GDP led by the rising industrial activities in Asia Pacific has increased the demand for base oil in the region. The growth of transportation, power generation, mining, and other sectors is also responsible for the rise in demand for base oil in the Asia Pacific region.

Chevron Corporation (US), Exxon Mobil Corporation (US), S-OIL Corporation (South Korea), Motiva Enterprises LLC (US), SK innovation Co., Ltd. (South Korea), Royal Dutch Shell plc (Netherlands), Neste Oyj (Finland), AVISTA OIL AG (Germany), Nynas AB (Sweden), Repsol S.A. (Spain), Ergon, Inc. (US), Calumet Specialty Products Partners, L.P. (US), H&R Group (Germany), Sinopec Corp. (China), PetroChina Company Limited (China), Saudi Aramco (Saudi Arabia), Abu Dhabi National Oil Company (ADNOC) (UAE), PT Pertamina (Persero) (Indonesia), Phillips 66 (US), Petroliam Nasional Berhad (PETRONAS) (Malaysia), GRUPA LOTOS S.A. (Poland), Sepahan Oil (Iran), GS Caltex Corporation (South Korea), and Hindustan Petroleum Corporation Limited or HPCL (India) are some of the leading players operating in the Base Oil Market. These players have adopted the strategies of agreements, expansions, new product launches, acquisitions, collaborations, contracts, investments, and divestments to enhance their position in the market.

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  1. Process Oil Market
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Related Reports :

Lubricants Market

by Base Oil (Mineral Oil, Synthetic Oil, Bio-based Oil), Product Type (Engine Oil, Hydraulic Fluid, Metalworking Fluid), Application (Transportation and Industrial lubricants), Region – Global Forecast to 2024

Industrial Lubricants Market by Base oil (Mineral Oil, Synthetic Oil, Bio-based Oil), Product Type (Hydraulic Fluid, Metalworking Fluid), End-use Industry (Construction, Metal & Mining, Power Generation, Food Processing), Region – Global Forecast to 2024


SOURCE MarketsandMarkets

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