Tag: Interactive Brokers

Interactive Brokers hires Jill Bright
April 22, 2022 BY Steffy Bogdanova

Jill Bright appointed to Interactive Brokers Board of Directors

Thomas Peterffy, Interactive Brokers Founder and Chairman, said: We are pleased to welcome Jill to the Board of Directors and will certainly benefit from her accomplished career focused on human capital management and organizational effectiveness. Ms. Bright’s appointment adds valuable expertise to the Board and reinforces our commitment to expand diversity across the company. Earlier…

Read more
Interactive Brokers
April 20, 2022 BY Steffy Bogdanova

Interactive Brokers sees 28% revenue drop in Q1 2022

The net interest income also fell 8% to $282 million, due to a drop in securities lending activity but was offset by gains on margin lending and segregated cash balances. However, the other income decreased by $159 million to a loss of $39 million. Pre-tax profit margin came in at 61%, compared to Q1 2021…

Read more
Interactive Brokers
March 09, 2022 BY Steffy Bogdanova

Interactive Brokers launches IBKR GlobalTrader stock trading app

Steve Sanders, EVP of Marketing and Product Development at Interactive Brokers, commented: As a growing number of individuals around the world discover the benefits of actively participating in the financial markets, the need for a simple and easy to use stock trading app has never been greater. The IBKR GlobalAnalyst tool helps both beginners and…

Read more
Interactive Brokers launches IMPACT
December 09, 2021 BY Steffy Bogdanova

Interactive Brokers releases mobile trading platform IMPACT

The app gives impact scores on existing portfolios based on these selections. It identifies companies which align with the criteria selected by the user. Investors can aso improve their scores through the selection of alternative companies. Additionally, the “Swap” feature on IMPACT users the ability to swap positions in the same dollar amount from one…

Read more
Interactive Brokers
November 02, 2021 BY Steffy Bogdanova

Interactive Brokers reports a 31% YoY surge in DARTs in October

In October, the brokerage also recorded 1.58 million client accounts, 57% up compared to the previous year and 3% higher than prior month. Annualized average cleared DARTs per client account stood at 333. The company also noted that average commission per cleared Commissionable Order was $2.48 including exchange, clearing and regulatory fees In September, Interactive…

Read more
Interactive Brokers
October 22, 2021 BY Steffy Bogdanova

Interactive Brokers adds Request for Payment service from J.P. Morgan

Steve Sanders, EVP of Marketing and Product Development at Interactive Brokers, said: Interactive Brokers has its roots in technological innovation and Request for Payment is yet another example of how we offer clients advanced technology solutions to make it simple to fund and manage accounts. Both new retail investors and our active trader client base…

Read more
Interactive Brokers
October 04, 2021 BY Alan Sayer

Interactive Brokers sees daily average revenue trades jump 16%

Ending client equity for September was $353.8 billion, 52% higher than the same period in 2020, but down 3% compared to August. Interactive Brokers also reported ending client margin loan balances of $50.2 billion, a significant 67% increase on the year prior and a 1% rise on the month before. In a statement, Interactive brokers…

Read more