Interactive Brokers Group, Inc. (NASDAQ:IBKR) Q1 2024 Earnings Conference Call April 16, 2024 4:30 PM ET
Company Participants
Nancy Stuebe - Director of Investor Relations
Paul Brody - Chief Financial Officer
Milan Galik - President & Chief Executive Officer
Thomas Peterffy - Founder & Chairman
Conference Call Participants
Craig Siegenthaler - Bank of America
Benjamin Budish - Barclays
James Yaro - Goldman Sachs
Dan Fannon - Jefferies LLC
Patrick Moley - Piper Sandler
Chris Allen - Citi
Kyle Voigt - KBW
Macrae Sykes - GAMCO
Brennan Hawken - UBS
Operator
Good day, and thank you for standing by, and welcome to Interactive Brokers Group First Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speakers' presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised that today's conference is being recorded.
I would now like to hand the conference over to your speaker today, Nancy Stuebe, Director of Investor Relations. Please go ahead.
Nancy Stuebe
Good afternoon, and thank you for joining us for our first quarter 2024 earnings call.
Joining us today are Thomas Peterffy, our Founder and Chairman; Milan Galik, our President and CEO; and Paul Brody, our CFO. I will be presenting Milan's comments on the business, and all three will be available at our Q&A.
As a reminder, today's call may include forward-looking statements, which represent the company's belief regarding future events, which by their nature are not certain and are outside of the company's control. Our actual results and financial condition may differ, possibly materially, from what is indicated in these forward-looking statements. We ask that you refer to the disclaimers in our press release. You should also review a description of risk factors contained in our financial reports filed with the SEC.
This quarter, many of the same trends we saw in 2023 continued to play out. With market indexes on the rise worldwide and the popularity of investing growing, we see global interest from investors who increasingly want broad portfolios with some invested in securities in their home markets, but a more significant portion invested overseas, particularly in U.S. securities.
Product wise, industry options contract volumes, both individual securities and 0DTE, were up as the popularity continued. Since the pandemic, average daily volume in OCC options has more than doubled from about 20 million contracts a day in 2019 to 40 million in 2022 and now a record 47.5 million in the first quarter.