Tag: Interactive Brokers

Interactive Brokers
March 02, 2023 BY Steffy Bogdanova

Interactive Brokers sees 15%YoY fall in DARTS in February

The broker ended the month with client credit balance of $97.9 billion, including $2.5 billion in insured bank deposit sweeps. The client credit balance came in 10% higher than in February 2022 and 2% below the prior month. However, client accounts on the platform increased 22% YoY and 2% MoM to 2.16 million in February…

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Interactive Brokers
February 14, 2023 BY Steffy Bogdanova

Interactive Brokers introduces crypto trading in Hong Kong

Interactive Brokers Hong Kong’s new crypto trading has commissions of 0.20% - 0.30% of trade value, which also depends. Additionally, there is a $2.25 minimum per order charge with no added spreads or markups. David Friedland, Head of APAC at Interactive Brokers, said: Investor demand for digital assets continues to grow in Hong Kong and…

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Interactive Brokers
February 07, 2023 BY Steffy Bogdanova

Interactive Brokers launch stock yield enhancement program in Australia

Once Interactive Brokers Australia receives permission to enter into SYEP Derivatives, the company will manage everything from there. The firm will examine clients' stock portfolios and enter into SYEP Derivatives with eligible clients, depositing cash collateral in their accounts and paying them a fee reflected as interest. The American automated global electronic broker highlighted the…

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Interactive Brokers
February 02, 2023 BY Steffy Bogdanova

Interactive Brokers reports 14%YoY drop in DARTs in January

The broker ended the month with client credit balance of $99.8 billion, including $2.4 billion in insured bank deposit sweeps. The client credit balance came in 12% higher than in January 2022 and 5% above the prior month. However, client accounts on the platform increased 23% YoY and 2% MoM to 2.13 million in January…

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Interactive Brokers
January 18, 2023 BY Steffy Bogdanova

Interactive Brokers Q4 revenue jumps 62% YoY

Between October and December, other income rose to $107 million from $104 million in Q4 2021. This figure was comprised of $58 million related to the company’s investment in Up Fintech Holding Limited (Tiger Brokers), $34 million related to currency diversification strategy and $6 million remeasurement of its Tax Receivable Agreement liability. During the fourth…

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Interactive Brokers
January 04, 2023 BY Steffy Bogdanova

Interactive Brokers reports 21%YoY fall in DARTs in December

The broker ended the month with client credit balance of $95.2 billion, including $2.4 billion in insured bank deposit sweeps. The number came in 9% higher than in December 2021 and 1% lower the prior month. However, client accounts on the platform increased 25% YoY and 1% MoM to 2.09 million in December 2022. Interactive…

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Interactive Brokers
December 02, 2022 BY Steffy Bogdanova

Interactive Brokers sees 30%YoY drop in DARTs in November

The broker ended the month with client credit balance of $96.0 billion, including $2.4 billion in insured bank deposit sweeps. The number came in 10% higher than in November 2021 and 1% above the prior month. In addition, the client accounts on the platform increased 26% YoY and 1% MoM to 2.07 million in November…

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Interactive Brokers expands with new office in Dublin
November 10, 2022 BY Steffy Bogdanova

Interactive Brokers opens a new office in Ireland

Keller went on to say that the broker’s office in Dublin currently employs 110 staff, which is higher than the firm originally anticipated. Mary Buckley, Interim CEO, IDA Ireland, added: Ireland, given its vibrant international financial services environment, has proven to be an excellent location for Interactive Brokers and this move to new offices signals…

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Interactive Brokers
October 19, 2022 BY Steffy Bogdanova

Interactive Brokers registers 70% increase in revenue in Q3

Between July and September, pre-tax income came in at $523 million, with the adjusted figure at $580million. These numbers were up from the figures of the third quarter the previous year – $234million and $420million, respectively. During the third quarter, other income came down to $48 million from $170 million. This figure was improved by…

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Interactive Brokers
September 02, 2022 BY Alan Sayer

Interactive Brokers Daily Average Revenue Trades Up 8% MoM, Down 9% YoY

Ending client equity came in at $310.1 billion, 15% below the prior year and 1% softer than the prior month. In addition, ending client margin loan balances were $43.1 billion, a 13% decrease compared to the previous year and 2% above the preceding month. Furthermore, Interactive Brokers had 1.99 million client accounts, representing a 33%…

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