Tag: Interactive Brokers

July 16, 2024 BY Elizabeth Anderson

HSBC Partners With IBKR For New Global Asset Trading Platform

A day after HSBC partnered with Visa for a cross-border payment solution, the British financial services group is now working with Interactive Brokers. HSBC will use IBKR’s WorldTrader platform to allow its clients access to a single, feature-rich hub for trading. The new solution will provide customers with trading functionality worldwide. Interactive Brokers executive Steven…

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July 11, 2024 BY Elizabeth Anderson

HSBC Partners with IBKR for New Global Asset Trading Platform

A day after HSBC partnered with Visa for a cross-border payment solution, the British financial services group is now working with Interactive Brokers. HSBC will use IBKR’s WorldTrader platform to allow its clients to access a single, feature-rich hub for trading. The new solution will provide customers with trading functionality worldwide. Don’t miss out the…

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Interactive Brokers
January 17, 2024 BY Simon Mugo

Interactive Brokers Q4 2023 Revenues Surge on Options Volume

The company earned $816 million before tax, with an adjusted income of $831 million. This is a substantial increase from the $689 million income before tax (adjusted to $671 million) reported in the corresponding quarter of the previous year. Diluted earnings per share were reported at $1.48, with an adjusted value of $1.52, showing a…

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Interactive Brokers
January 03, 2024 BY Simon Mugo

Interactive Brokers Reports a 23% Increase in Client Accounts

The firm's ending client equity surged to $426 billion, demonstrating an impressive 39% annual growth. Financially, Interactive Brokers saw positive trends in client assets and transactions. The company reported a 14% annual increase in client margin loan balances, totalling $44.4 billion, and a 10% rise in client credit balances to $104.5 billion. Furthermore, the brokerage…

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Interactive Brokers
July 19, 2023 BY Steffy Bogdanova

Interactive Brokers’s revenue falls 5% to $1 billion in Q2

On yearly basis, Interactive Brokers’s income before tax increased 66% YoY to $652 million, with the adjusted number climbing 58% to $716 million. Additionally, income from interest paid by clients rose 9% from Q1 to $694 million during Q2. During the quarter, the electronic brokerage reported pretax profit margin of 65%, while the last quarter,…

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Interactive Brokers
July 04, 2023 BY Steffy Bogdanova

Interactive Brokers sees 5% increase in DARTs in June

The broker ended the month with client credit balance of $98.9 billion, including $3.2 billion in insured bank deposit sweeps. The client credit balance came in 7% higher than in June 2022 and about the same as the prior month. Client accounts on the platform increased 19% YoY and 1% MoM to 2.29 million in…

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Interactive Brokers
June 14, 2023 BY Steffy Bogdanova

Interactive Brokers expands offering with access to Nasdaq Copenhagen and the Prague Stock Exchange

Milan Galik, Chief Executive Officer of Interactive Brokers, said: Clients seeking to diversify and take advantage of new trading opportunities across geographies in Europe and around the world, can now add Danish and Czech stocks to their portfolios while benefiting from Interactive Brokers’ low costs and the ability to trade products across asset classes from…

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Interactive Brokers
June 02, 2023 BY Alan Sayer

Interactive Brokers Reveals DARTs Declines 19% YoY

Ending client credit balances were $98.7 billion, which includes $2.9 billion in insured bank deposit sweeps, representing an 8% rise from the prior year and a 1% decline compared to the previous month. Elsewhere, the average commission per cleared commissionable order came in at $3.08, including exchange, clearing, and regulatory fees. The average commission per…

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Interactive Brokers
May 02, 2023 BY Steffy Bogdanova

Interactive Brokers sees 20% YoY drop in DARTS in April

The broker ended the month with client credit balance of $99.2 billion, including $2.4 billion in insured bank deposit sweeps. The client credit balance came in 9% higher than in April 2022 and 3% more than the prior month. However, client accounts on the platform increased 20% YoY and 1% MoM to 2.22 million in…

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