Interactive Brokers Group released its electronic brokerage
performance metrics for November. The firm recorded 4.27 million Daily Average
Revenue Trades, representing a 29% increase compared with the same month last
year, but 4% lower than in October.
Alongside trading activity, Interactive
Brokers expanded its market access in November by adding the Taipei Exchange
to its platform, giving global investors direct access to Taiwan’s small and
medium-sized enterprises.
Eligible clients can now trade equities, ETFs, and Taiwan
Depositary Receipts on TPEx, using automatic currency conversion for
cross-border trades. The addition increases IBKR’s network to more than 160
global exchanges.
Interactive Brokers Client Equity, Margin Rise
Client equity ended the month at $769.7 billion, up 34% from
November 2024. This reflects the total value of client holdings in brokerage
accounts. Client margin loans, which are funds borrowed by clients to trade,
rose 38% year-on-year to $83.3 billion. The broker reported 4.311 million
client accounts, a 33% increase from the previous year, indicating growth in
the number of active and funded accounts.
The firm also provided figures on trading costs for its PRO
clients. It said the total cost of executing and clearing U.S. Reg.-NMS stock
trades in November was “about 3.0 basis points of trade money,” consistent with
the rolling 12-month average of 2.8 basis points.
IBKR Desktop Offers Integrated Trading Platform
Separately, Interactive Brokers announced the launch of
Version 1.0 of IBKR Desktop, a new trading platform. The release follows two
years of beta testing and provides a desktop trading environment for investors
worldwide.
The platform integrates discovery, analysis, execution, and portfolio
management for retail and professional clients. CEO Milan Galik said it was
“built to meet the needs of all investors, from experienced traders to those
just getting started.”
Additionally, Interactive
Brokers introduced the Karta Visa card, allowing clients to spend directly
from their brokerage accounts. The card links trading and cash management,
enabling users to trade, save, invest, and make purchases without moving funds
between platforms.
This article was written by Tareq Sikder at www.financemagnates.com.
Source link
