Ending client balances reached $98.7 billion. Included in this amount were $2.9 billion of insured bank deposit sweeps. This is an increase of 8% from the previous year, but a decrease of 1% compared with the previous month.
Other than that, the average cleared commissionable orders came to $3.08 per order, which includes exchange, clearing and regulatory fees. The average cleared commissionable stock order was $1.95. For equity options, it was $4.43. And for futures, it was $4.36. Stocks had an average order of 1,013 share, equity options 6.6 contracts, futures 3.3 contracts.
Interactive Brokers released its first quarter earnings in April. The company reported earnings adjusted of $1.35 per shares, a significant increase from the $0.82 per share reported during the same period last year. Revenue was $1.06billion. Both metrics were below analyst consensus.
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