28 annotations
stock share volumes were below those of last year, options and particularly future volumes remain strong
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2022 Q3
25 Oct 22
we estimate the effect of increases in the Fed funds rate to produce an additional annual net interest income as follows; at 25 basis points, an increase of $55 million; at 50 basis points, an increase of $110 million; at 75 basis points, an increase of $166 million; and at 100 basis points, an increase of $221 million
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2022 Q3
25 Oct 22
We paid $248 million to our customers on these balances in the third quarter.
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2022 Q3
25 Oct 22
Net interest on segregated cash was $228 million
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2022 Q3
25 Oct 22
Securities’ lending net interest was $114 million, down 7% from the year-ago quarter.
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2022 Q3
25 Oct 22
as benchmark rates rise, a greater portion of the revenue generated by securities lending is reflected in interest on segregated cash, because the cash collateral received is invested as segregated fund
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2022 Q3
25 Oct 22
Margin loan interest was up 125% to $317 million, despite average margin loan balances that were down 9% from last year's third quarter.
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2022 Q3
25 Oct 22
Total GAAP net interest income was $473 million for the quarter, up 73% from the year-ago quarter
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2022 Q3
25 Oct 22
Total customer DARTs were 1.9 million trades per day, down 15% from the strong prior year quarter.
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2022 Q3
25 Oct 22
Our adjusted pretax margin was a record 68%
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2022 Q3
25 Oct 22
G&A expenses were down $7 million or 16% versus last year's third quarter on lower legal expenses from a higher than typical number last year.
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2022 Q3
25 Oct 22
comp and benefits expense fell to 13% of our adjusted net revenues, somewhat below its historical level
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2022 Q3
25 Oct 22
execution, clearing and distribution costs rose 41% from last year
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2022 Q3
25 Oct 22
Other fees and services generated $45 million with biggest contributors being market data fees of $19 million unchanged and options exchange liquidity payments of $9 million, down 18% from the prior year.
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2022 Q3
25 Oct 22
These gains were partially offset by higher interest we paid on customer credit balances, as we pass-through rate hikes above 50 basis points to our customers on their qualified fund.
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2022 Q3
25 Oct 22
Net interest income of $473 million reflected higher-margin loan interest despite lower balances, thanks to increases in benchmark rates and higher interest earned on our segregated cash portfolio
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2022 Q3
25 Oct 22
Futures volume outpaced the third quarter of 2021, options volume was roughly unchanged and while stock share volumes declined from last year's quarter
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2022 Q3
25 Oct 22
Commissions were strong reaching $320 million
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2022 Q3
25 Oct 22
customer account growth at 31% year-over-year
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2022 Q3
25 Oct 22
our bonds marketplace has a search tool where you can scan by maturity date, yield to worst and duration to analyze and compare issuers and save your scan to run again at any time
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2022 Q3
25 Oct 22