{
  "docId": "019dd923-5e88-73ef-bd5a-5351ccbb956d",
  "docSlug": "6cf627a81f009b5f",
  "documentTitle": "3Q23 Investor Presentation GS",
  "authorId": "GoldmanSachs",
  "authorName": "Interactive Brokers",
  "documentKindSlug": "consulting-deck",
  "documentKindLabel": "Consulting deck",
  "sourceTypeSlug": "equity_research",
  "sourceTypeLabel": "Equity research",
  "presentationDate": null,
  "orientation": "landscape",
  "aspectRatio": 1.778,
  "pageNumber": 9,
  "pageCount": 24,
  "prevPage": 8,
  "nextPage": 10,
  "slideType": "impact_sizing",
  "function": "quantify_impact",
  "density": "dense",
  "nDataPoints": 12,
  "notes": "The chart shows a stacked bar chart for expenses and income, with a line chart overlay for pretax margin.",
  "elementsJson": [
    "headline_text",
    "bullet_list",
    "bar_chart_stacked",
    "line_chart",
    "footnote"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-5e88-73ef-bd5a-5351ccbb956d/9",
  "deckHref": "/decks/019dd923-5e88-73ef-bd5a-5351ccbb956d",
  "deckJsonHref": "/decks/019dd923-5e88-73ef-bd5a-5351ccbb956d.json",
  "deckAnchorHref": "/decks/019dd923-5e88-73ef-bd5a-5351ccbb956d#slide-9",
  "components": [
    {
      "bbox": null,
      "kind": "callout",
      "text": "Automation allows IBKR to be one of the lowest cost processors in the industry.",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd952-1d6c-779c-a61f-055db3ce9f32",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.6,
        "w": 0.45,
        "x": 0.52,
        "y": 0.25
      },
      "kind": "chart",
      "text": "Low Fixed Cost, High Margin Model",
      "attrs": null,
      "subkind": "bar-stacked",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "0a1df43b-9b2b-4695-97bd-4e38c9bfc0ff",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.3,
        "w": 0.45,
        "x": 0.03,
        "y": 0.4
      },
      "kind": "list",
      "text": "Majority of senior management are software engineers, committed to automating as many processes as possible. From account opening through the entire transaction lifecycle, our processes are automated, including real-time risk management. We executed, cleared and settled over 3.0 million trades per day year-to-date through 3Q23, across multiple product classes and in multiple currencies, on over 150 market centers in 34 countries",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "ded0dc0a-8295-4542-98dc-fce1172bf1e4",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "metric",
      "text": "Pretax Margin: 67%",
      "attrs": null,
      "subkind": "primary",
      "toolName": "Quantification",
      "toolSlug": "quantification",
      "confidence": null,
      "componentId": "019dd952-1d6c-779c-a61f-08724ef47bd9",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.4,
        "x": 0.52,
        "y": 0.85
      },
      "kind": "source-note",
      "text": "See reconciliation of non-GAAP measures at the end of this presentation. 2020 includes $19 million in fixed expenses due to Brexit costs.",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "3d85ce6f-1877-44af-a73c-7ccdccb33798",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.1,
        "w": 0.45,
        "x": 0.03,
        "y": 0.25
      },
      "kind": "title",
      "text": "Automation allows IBKR to be one of the lowest cost processors in the industry",
      "attrs": null,
      "subkind": "action-title",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "83b64f02-8e56-49a2-861b-a8c383d86904",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.3,
        "x": 0.03,
        "y": 0.06
      },
      "kind": "title",
      "text": "Impact of Automation",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "bb9fba2e-3716-474f-b500-84ac8b226115",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [],
  "arcBeats": [],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}