Interactive Brokers Group Inc - Ordinary Shares - Class A

Strong Financial Performance: Interactive Brokers reported record net revenues of $1.27 billion, marking a 21% year-over-year increase, driven by substantial growth in commissions ($435 million, 32% YOY rise) and net interest income ($802 million, up 12% YOY). Their pretax profit margin reached an industry-leading 72%, highlighting efficient cost management amidst rising operational expenses.

Client Growth and Account Dynamics: The firm added 196,000 new accounts during Q3 2024, contributing to a 19% increase in client credit balances, reaching a record $116.7 billion. Client equity surged by 46% YOY to over $541.5 billion, indicating a strong appetite for risk among customers as interest rate cuts were implemented.

ForecastEx Launch: The company launched ForecastEx, a platform for trading event-based contracts like U.S. elections, which has seen significant initial interest with around 800 clients trading approximately $6 million worth of contracts. This new offering is viewed as a future growth driver, particularly as political and economic events generate trading interest.