The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Christopher John Allen - Compass Point Research & Trading, LLC, Research Division - Analyst
: I wanted to ask about the yields on margin balances, so a nice increase sequentially and year-over-year. I know you had some pricing
changes in there. I'm just wondering if you could parse out what was driven by pricing changes and also what was driven by the
recent Fed hike?
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APRIL 19, 2022 / 8:30PM, IBKR.OQ - Q1 2022 Interactive Brokers Group Inc Earnings Call
Question: Christopher John Allen - Compass Point Research & Trading, LLC, Research Division - Analyst
: Understood. Was that impact for the full quarter?
Question: Christopher John Allen - Compass Point Research & Trading, LLC, Research Division - Analyst
: Was that impact felt for this full first quarter?
Question: Christopher John Allen - Compass Point Research & Trading, LLC, Research Division - Analyst
: And then maybe a quick one just on execution and clearing costs. In addition to higher futures activity, the loss of the OCC fee waiver
going away that impacted. Was that also a factor just in higher execution and clearing costs relative to where they had been running?
Question: Christopher John Allen - Compass Point Research & Trading, LLC, Research Division - Analyst
: Yes. I mean I'm trying to figure out -- the execution and clearing costs obviously ramped higher from where it had been running.
You attributed some of that to futures activity, but the OCC fee waiver, which had been in effect for the tail end of 2021, that went
away. So I'm just trying to figure out the differences both the 2, what's the driving factor there?
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APRIL 19, 2022 / 8:30PM, IBKR.OQ - Q1 2022 Interactive Brokers Group Inc Earnings Call
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