XML 50 R28.htm IDEA: XBRL DOCUMENT
v3.20.1

Financial Assets And Financial Liabilities (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2020
Financial Assets And Financial Liabilities [Abstract] |
Fair Value Table |
|  | Financial Assets at Fair Value as of March 31, 2020
|  | Level 1 |  | Level 2 |  | Level 3 |  | Total
|  | (in millions)
Securities segregated for regulatory purposes |  | $ | 3,229 |  | $ | — |  | $ | — |  | $ | 3,229
Financial instruments owned, at fair value |  |  |  |  |  |  |  |  |  |  |  |
Stocks |  |  | 254 |  |  | — |  |  | — |  |  | 254
Options |  |  | 814 |  |  | — |  |  | — |  |  | 814
Warrants |  |  | — |  |  | — |  |  | — |  |  | —
U.S. and foreign government securities |  |  | 28 |  |  | — |  |  | — |  |  | 28
Corporate bonds |  |  | — |  |  | — |  |  | 3 |  |  | 3
Currency forward contracts |  |  | — |  |  | 103 |  |  | — |  |  | 103
Total financial instruments owned, at fair value |  |  | 1,096 |  |  | 103 |  |  | 3 |  |  | 1,202
Other assets - other investments at fair value |  |  | 28 |  |  | — |  |  | — |  |  | 28
Total financial assets at fair value |  | $ | 4,353 |  | $ | 103 |  | $ | 3 |  | $ | 4,459
|  | Financial Liabilities at Fair Value as of March 31, 2020
|  | Level 1 |  | Level 2 |  | Level 3 |  | Total
|  | (in millions)
Financial instruments sold, but not yet purchased, at fair value |  |  |  |  |  |  |  |  |  |  |  |
Stocks |  | $ | 107 |  | $ | — |  | $ | — |  | $ | 107
Options |  |  | 52 |  |  | — |  |  | — |  |  | 52
Currency forward contracts |  |  | — |  |  | 2 |  |  | — |  |  | 2
Total financial instruments sold, but not yet purchased, at fair value |  |  | 159 |  |  | 2 |  |  | — |  |  | 161
Total financial liabilities at fair value |  | $ | 159 |  | $ | 2 |  | $ | — |  | $ | 161
|  | Financial Assets at Fair Value as of December 31, 2019
|  | Level 1 |  | Level 2 |  | Level 3 |  | Total
|  | (in millions)
Securities segregated for regulatory purposes |  | $ | 3,797 |  | $ | — |  | $ | — |  | $ | 3,797
Financial instruments owned, at fair value |  |  |  |  |  |  |  |  |  |  |  |
Stocks |  |  | 540 |  |  | — |  |  | — |  |  | 540
Options |  |  | 1,333 |  |  | — |  |  | — |  |  | 1,333
Warrants |  |  | — |  |  | — |  |  | — |  |  | —
U.S. and foreign government securities |  |  | 34 |  |  | — |  |  | — |  |  | 34
Corporate bonds |  |  | — |  |  | — |  |  | 3 |  |  | 3
Currency forward contracts |  |  | — |  |  | 6 |  |  | — |  |  | 6
Total financial instruments owned, at fair value |  |  | 1,907 |  |  | 6 |  |  | 3 |  |  | 1,916
Other assets - other investments at fair value |  |  | 36 |  |  | — |  |  | — |  |  | 36
Total financial assets at fair value |  | $ | 5,740 |  | $ | 6 |  | $ | 3 |  | $ | 5,749
‎
|  | Financial Liabilities at Fair Value as of December 31, 2019
|  | Level 1 |  | Level 2 |  | Level 3 |  | Total
|  | (in millions)
Financial instruments sold, but not yet purchased, at fair value |  |  |  |  |  |  |  |  |  |  |  |
Stocks |  | $ | 183 |  | $ | — |  | $ | — |  | $ | 183
Options |  |  | 273 |  |  | — |  |  | — |  |  | 273
Currency forward contracts |  |  | — |  |  | 1 |  |  | — |  |  | 1
Total financial instruments sold, but not yet purchased, at fair value |  |  | 456 |  |  | 1 |  |  | — |  |  | 457
Total financial liabilities at fair value |  | $ | 456 |  | $ | 1 |  | $ | — |  | $ | 457
Financial Assets and Liabilities Not Measured at Fair Value |
|  | March 31, 2020
|  | Carrying ‎Value |  | Fair ‎Value |  | Level 1 |  | Level 2 |  | Level 3
|  | (in millions)
Financial assets, not measured at fair value |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 3,101 |  | $ | 3,101 |  | $ | 3,101 |  | $ | — |  | $ | —
Cash - segregated for regulatory purposes |  |  | 14,272 |  |  | 14,272 |  |  | 14,272 |  |  | — |  |  | —
Securities - segregated for regulatory purposes |  |  | 26,958 |  |  | 26,958 |  |  | — |  |  | 26,958 |  |  | —
Securities borrowed |  |  | 3,970 |  |  | 3,970 |  |  | — |  |  | 3,970 |  |  | —
Securities purchased under agreements to resell |  |  | 910 |  |  | 910 |  |  | — |  |  | 910 |  |  | —
Receivables from customer |  |  | 20,092 |  |  | 20,092 |  |  | — |  |  | 20,092 |  |  | —
Receivables from broker, dealers, and clearing organizations |  |  | 1,535 |  |  | 1,535 |  |  | — |  |  | 1,535 |  |  | —
Interest receivable |  |  | 113 |  |  | 113 |  |  | — |  |  | 113 |  |  | —
Other assets |  |  | 8 |  |  | 8 |  |  | — |  |  | 2 |  |  | 6
Total financial assets, not measured at fair value |  | $ | 70,959 |  | $ | 70,959 |  | $ | 17,373 |  | $ | 53,580 |  | $ | 6
Financial liabilities, not measured at fair value |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Short-term borrowings |  | $ | 14 |  | $ | 14 |  | $ | — |  | $ | 14 |  | $ | —
Securities loaned |  |  | 4,044 |  |  | 4,044 |  |  | — |  |  | 4,044 |  |  | —
Payables to customer |  |  | 62,739 |  |  | 62,739 |  |  | — |  |  | 62,739 |  |  | —
Payables to brokers, dealers and clearing organizations |  |  | 268 |  |  | 268 |  |  | — |  |  | 268 |  |  | —
Interest payable |  |  | 14 |  |  | 14 |  |  | — |  |  | 14 |  |  | —
Total financial liabilities, not measured at fair value |  | $ | 67,079 |  | $ | 67,079 |  | $ | — |  | $ | 67,079 |  | $ | —
‎
|  | December 31, 2019
|  | Carrying ‎Value |  | Fair ‎Value |  | Level 1 |  | Level 2 |  | Level 3
|  | (in millions)
Financial assets, not measured at fair value |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 2,882 |  | $ | 2,882 |  | $ | 2,882 |  | $ | — |  | $ | —
Cash - segregated for regulatory purposes |  |  | 9,400 |  |  | 9,400 |  |  | 9,400 |  |  | — |  |  | —
Securities - segregated for regulatory purposes |  |  | 14,027 |  |  | 14,027 |  |  | — |  |  | 14,027 |  |  | —
Securities borrowed |  |  | 3,916 |  |  | 3,916 |  |  | — |  |  | 3,916 |  |  | —
Securities purchased under agreements to resell |  |  | 3,111 |  |  | 3,111 |  |  | — |  |  | 3,111 |  |  | —
Receivables from customer |  |  | 31,304 |  |  | 31,304 |  |  | — |  |  | 31,304 |  |  | —
Receivables from broker, dealers, and clearing organizations |  |  | 685 |  |  | 685 |  |  | — |  |  | 685 |  |  | —
Interest receivable |  |  | 158 |  |  | 158 |  |  | — |  |  | 158 |  |  | —
Other assets |  |  | 9 |  |  | 9 |  |  | — |  |  | 3 |  |  | 6
Total financial assets, not measured at fair value |  | $ | 65,492 |  | $ | 65,492 |  | $ | 12,282 |  | $ | 53,204 |  | $ | 6
Financial liabilities, not measured at fair value |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Short-term borrowings |  | $ | 16 |  | $ | 16 |  | $ | — |  | $ | 16 |  | $ | —
Securities loaned |  |  | 4,410 |  |  | 4,410 |  |  | — |  |  | 4,410 |  |  | —
Securities sold under agreements to repurchase |  |  | 1,909 |  |  | 1,909 |  |  | — |  |  | 1,909 |  |  | —
Payables to customer |  |  | 56,248 |  |  | 56,248 |  |  | — |  |  | 56,248 |  |  | —
Payables to brokers, dealers and clearing organizations |  |  | 220 |  |  | 220 |  |  | — |  |  | 220 |  |  | —
Interest payable |  |  | 29 |  |  | 29 |  |  | — |  |  | 29 |  |  | —
Total financial liabilities, not measured at fair value |  | $ | 62,832 |  | $ | 62,832 |  | $ | — |  | $ | 62,832 |  | $ | —
Offsetting Assets And Liabilities |
|  | March 31, 2020
|  | Gross |  | Amounts |  |  | Net Amounts |  | Amounts Not Offset |  |  |
|  | Amounts |  | Offset in the |  |  | Presented in |  | in the Condensed |  |  |
|  | of Financial |  | Condensed |  |  | the Condensed |  | Consolidated Statement |  |  |
|  | Assets and |  | Consolidated |  |  | Consolidated |  | of Financial Condition |  |  |
|  | Liabilities |  | Statement of |  |  | Statement of |  | Cash or Financial |  |  |
|  | Recognized |  | Financial Condition | 2 |  | Financial Condition |  | Instruments |  | Net Amount
|  | (in millions)
Offsetting of financial assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Securities segregated for regulatory purposes - purchased under agreements to resell |  | $ | 26,958 | 1 |  | $ | — |  |  | $ | 26,958 |  | $ | (26,958) |  | $ | —
Securities borrowed |  |  | 3,970 |  |  |  | — |  |  |  | 3,970 |  |  | (3,820) |  |  | 150
Securities purchased under agreements to resell |  |  | 910 |  |  |  | — |  |  |  | 910 |  |  | (910) |  |  | —
Financial instruments owned, at fair value |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Options |  |  | 814 |  |  |  | — |  |  |  | 814 |  |  | (52) |  |  | 762
Currency forward contracts |  |  | 103 |  |  |  | — |  |  |  | 103 |  |  | — |  |  | 103
Total |  | $ | 32,755 |  |  | $ | — |  |  | $ | 32,755 |  | $ | (31,740) |  | $ | 1,015
|  | (in millions)
Offsetting of financial liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Securities loaned |  | $ | 4,044 |  |  | $ | — |  |  | $ | 4,044 |  | $ | (3,665) |  | $ | 379
Financial instruments sold, but not yet purchased, at fair value |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Options |  |  | 52 |  |  |  | — |  |  |  | 52 |  |  | (52) |  |  | —
Currency forward contracts |  |  | 2 |  |  |  | — |  |  |  | 2 |  |  | — |  |  | 2
Total |  | $ | 4,098 |  |  | $ | — |  |  | $ | 4,098 |  | $ | (3,717) |  | $ | 381
‎
|  | December 31, 2019
|  |  | Gross | Amounts |  |  | Net Amounts |  | Amounts Not Offset |  |  |
|  |  | Amounts | Offset in the |  |  | Presented in |  | in the Condensed |  |  |
|  |  | of Financial | Condensed |  |  | the Condensed |  | Consolidated Statement |  |  |
|  |  | Assets and | Consolidated |  |  | Consolidated |  | of Financial Condition |  |  |
|  |  | Liabilities | Statement of |  |  | Statement of |  | Cash or Financial |  |  |
|  |  | Recognized |  | Financial Condition | 2 |  | Financial Condition |  | Instruments |  | Net Amount
|  | (in millions)
Offsetting of financial assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Securities segregated for regulatory purposes - purchased under agreements to resell |  | $ | 14,027 | 1 |  | $ | — |  |  | $ | 14,027 |  | $ | (14,027) |  | $ | —
Securities borrowed |  |  | 3,916 |  |  |  | — |  |  |  | 3,916 |  |  | (3,765) |  |  | 151
Securities purchased under agreements to resell |  |  | 3,111 |  |  |  | — |  |  |  | 3,111 |  |  | (3,111) |  |  | —
Financial instruments owned, at fair value |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Options |  |  | 1,333 |  |  |  | — |  |  |  | 1,333 |  |  | (267) |  |  | 1,066
Currency forward contracts |  |  | 6 |  |  |  | — |  |  |  | 6 |  |  | — |  |  | 6
Total |  | $ | 22,393 |  |  | $ | — |  |  | $ | 22,393 |  | $ | (21,170) |  | $ | 1,223
|  | (in millions)
Offsetting of financial liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Securities loaned |  | $ | 4,410 |  |  | $ | — |  |  | $ | 4,410 |  | $ | (4,186) |  | $ | 224
Securities sold under agreements to repurchase |  |  | 1,909 |  |  |  | — |  |  |  | 1,909 |  |  | (1,909) |  |  | —
Financial instruments sold, but not yet purchased, at fair value |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Options |  |  | 273 |  |  |  | — |  |  |  | 273 |  |  | (267) |  |  | 6
Currency forward contracts |  |  | 1 |  |  |  | — |  |  |  | 1 |  |  | — |  |  | 1
Total |  | $ | 6,593 |  |  | $ | — |  |  | $ | 6,593 |  | $ | (6,362) |  | $ | 231
________________________ (1)As of March 31, 2020 and December 31, 2019, the Company had $27.0 billion and $14.0 billion, respectively, of securities purchased under agreements to resell that were segregated to satisfy regulatory requirements. These securities are included in “Securities - segregated for regulatory purposes” in the condensed consolidated statements of financial condition. ‎ (2)The Company did not have any balances eligible for netting in accordance with ASC Topic 210-20 at March 31, 2020 and December 31, 2019.
Schedule of Securities Financing Transactions |
|  | March 31, 2020
|  | Remaining Contractual Maturity
|  | Overnight |  | Less than |  | 30 – 90 |  | Over 90 |  |  |
|  | and Open |  | 30 days |  | days |  | days |  | Total
|  | (in millions)
Securities loaned |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Stocks |  | $ | 3,991 |  | $ | — |  | $ | — |  | $ | — |  | $ | 3,991
Corporate bonds |  |  | 53 |  |  | — |  |  | — |  |  | — |  |  | 53
Total |  | $ | 4,044 |  | $ | — |  | $ | — |  | $ | — |  | $ | 4,044
|  | December 31, 2019
|  | Remaining Contractual Maturity
|  | Overnight |  | Less than |  | 30 – 90 |  | Over 90 |  |  |
|  | and Open |  | 30 days |  | days |  | days |  | Total
|  | (in millions)
Securities loaned |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Stocks |  | $ | 4,356 |  | $ | — |  | $ | — |  | $ | — |  | $ | 4,356
Corporate bonds |  |  | 54 |  |  | — |  |  | — |  |  | — |  |  | 54
Total securities loaned |  |  | 4,410 |  |  | — |  |  | — |  |  | — |  |  | 4,410
Securities sold under agreements to repurchase |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. government securities |  |  | 1,909 |  |  | — |  |  | — |  |  | — |  |  | 1,909
Total |  | $ | 6,319 |  | $ | — |  | $ | — |  | $ | — |  | $ | 6,319

X
- Definition Offsetting Assets And Liabilities [Table Text Block] + References No definition available. + Details
Name: | ibkr_OffsettingAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | ibkr_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueAssetsMeasuredOnNonrecurringBasisTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=118260190&loc=d3e13467-108611 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueByBalanceSheetGroupingTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_FairValueDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of securities financing transactions including resale and repurchase agreements, securities borrowed and lending transactions, securities received as collateral and obligations to return securities received as collateral. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(m)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 860 -SubTopic 30 -Section 50 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=109249958&loc=SL6224234-111729 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=51824906&loc=SL20225877-175312 + Details
Name: | us-gaap_ScheduleOfSecuritiesFinancingTransactionsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration