Interactive Brokers Group, Inc. (IBKR) Q2 2023 Earnings Call Transcript

Interactive Brokers Group, Inc. (NASDAQ:IBKR) Q2 2023 Earnings Convention Name July 18, 2023 4:30 PM ET

Firm Individuals

Nancy Stuebe – Director, IR

Paul Brody – CFO

Thomas Peterffy – Chairman

Milan Galik – CEO

Convention Name Individuals

Benjamin Budish – Barclays

Craig Siegenthaler – Financial institution of America

Daniel Fannon – Jefferies LLC

Patrick Moley – Piper Sandler

Chris Allen – Citi

Kyle Voigt – KBW

Operator

Good day, and thanks for standing by. Welcome to the Interactive Brokers Group Quarter Two ‘23 Earnings Name. At the moment, all members are in a listen-only mode. After the audio system’ presentation, there will probably be a question-and-answer session. [Operator Instructions] Please be suggested that as we speak’s convention is being recorded.

I’d now like handy the convention over to Nancy Stuebe. Please go forward.

Nancy Stuebe

Thanks. Good afternoon, and thanks for becoming a member of us for our second quarter 2023 earnings convention name. As soon as once more, Thomas is on the decision, however requested me to current his feedback on the enterprise. Additionally becoming a member of us as we speak are, Milan Galik, our CEO, and Paul Brody, our CFO. After ready remarks, we could have a Q&A.

As a reminder, as we speak’s name might embrace forward-looking statements, which characterize the corporate’s perception relating to future occasions, which by their nature aren’t sure and are outdoors of the corporate’s management. Our precise outcomes and monetary situation might differ, presumably materially, from what’s indicated in these forward-looking statements. We ask that you just seek advice from the disclaimers in our press launch. You must also evaluation an outline of danger components contained in our monetary experiences filed with the SEC.

Our strong working metrics as soon as once more translated into robust monetary outcomes this quarter. In actual fact, however for a considerable addition to reserves for authorized contingencies, we’d have posted document adjusted pretax revenue. Our

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