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Interactive Brokers LLC (IB)
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Interactive Brokers LLC (IB)

by Ahsen AkalApril 23, 2017
Overview
Type

Public

Traded as

NASDAQ: IBKR

Founded

1993

Industry

Financial Services

Headquarters

Greenwich, Connecticut, United States

Area served

Worldwide

Products

Direct market access to stocks, options, futures, forex, bonds, ETFs and CFDs

Website

https://www.interactivebrokers.com/

Interactive Brokers LLC (IB)

Interactive Brokers LLC (IB) is a U.S.-based electronic brokerage firm. It is the largest U.S. electronic brokerage firm by number of daily average revenue trades; it also is the leading forex broker. The company is headquartered in Greenwich, Connecticut and has offices in Chicago, Hong Kong, Shanghai (a representative office), Sydney, and Zug. It is a subsidiary of Interactive Brokers Group, Inc., which has offices in thirteen countries.

In May 2016, client equity with the broker was $ 72 billion. According to Thomas Peterffy, CEO of Interactive Brokers Group, Inc., a majority of it is managed by IB’s institutional client base: Hedge Funds, Proprietary Trading Groups, Advisors and Introducing Brokers/Banks.

According to research firm Preqin in 2015, Interactive Brokers figures in the list of top 10 prime brokers servicing Hedge Funds in the world.

IB is regulated by the U.S. Securities and Exchange Commission, the Financial Industry Regulatory Authority (FINRA), New York Stock Exchange, Financial Conduct Authority and foreign regulatory agencies. The company is a provider of fully disclosed and non-disclosed broker accounts and provides correspondent clearing services to 200 introducing brokers worldwide. It has offered direct market access on Australian contracts for difference since 2008.

Interactive Brokers was founded in 1993 by Thomas Peterffy, an early innovator in computer-assisted trading. He introduced electronic devices to options floor trading at the Chicago Board of Trade and went on to develop related trading technologies before entering the electronic brokerage business.

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About The Community Member
Ahsen Akal
Please note that foreign exchange and other leveraged trading involves significant risk of loss. It is not suitable for all investors and you should make sure you understand the risks involved, seeking independent advice if necessary.

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