Ending client equity for September was $353.8 billion, 52% higher than the same period in 2020, but down 3% compared to August. Interactive Brokers also reported ending client margin loan balances of $50.2 billion, a significant 67% increase on the year prior and a 1% rise on the month before.
In a statement, Interactive brokers said that there were:
…ending client credit balances of $86.2 billion, including $2.7 billion in insured bank deposit sweeps, 22% higher than prior year and 2% higher than prior month.
As predicted due to the recent surge in online trading, client accounts have increased 57% from September 2020 to 1.54 million, a 3% rise from last month.
The average commission per cleared commissionable order came in at $2.58, which includes clearing, regulatory, and exchange fees. Looking more closely at this figure, Interactive Brokers reported that the average commission per cleared commissionable order for stocks was .82, for equity options it was .70, and for futures it was .25.
The stock trades average order size was 2,565 shares. Equity options had an average order size of 6.6 contracts, whereas for futures, the average order size was 3 contracts.
Last week it was revealed that Interactive Brokers had been ordered by the US Commodity Futures Trading Commission (CFTC) to pay a civil monetary penalty of $1.75 million and restitution of $82.57 million to its customers for failing to manage the handling of its customer accounts.
