Interactive Brokers Group Interactive Brokers Group, Inc. (IEX: IBKR) was founded in 1977, it is headquartered in Greenwich, Connecticut, full-time employees 1,815 people, is the world’s largest professional online trading discount brokers (domestic similar company tiger securities , snow Brokerage , Washington securities , Nine Celestial Securities and rich way securities , etc.), major competitors, including Charles Schwab Securities , Germany and the US interest securities and so on.
Interactive Brokers (IBKR):
Interactive Brokers LLC (Interactive Brokers LLC) is an electronic securities trading company based in Connecticut, USA. It is a financial industry regulatory agency (Financial Industry Regulatory Authority, FINRA) and the Securities Investor Protection Corporation (Securities Investor Protection Corporation). , SIPC) member. Provide stocks, options, futures, futures conversion spot trading (Exchange of Futures for Physicals, EFPs), futures options (Futures options), foreign exchange market, mutual funds, CFDs and other commodity services.
Interactive Brokers (abbreviation: IB) conducts brokerage, dealership and proprietary trading operations in more than 100 market centers around the world, in the United States, Switzerland, Canada, Hong Kong, the United Kingdom, Australia, Hungary, Russia, India, Mainland China and Countries such as Estonia have operations.
In the brokerage agency business, IB provides institutions and professional traders with a wide range of direct entry (online) transaction order execution and settlement services for electronic trading products. These electronic trading products include global options, futures, and stocks. , Foreign exchange and bond (information, market) business. Currently, IB and its affiliates execute approximately 1.5 million transactions per day. IB is subject to SEC (United States Securities and Exchange Commission), FINRA (Financial Industry Regulatory Authority), and NYSE (New York Stock Exchange). ), SFA and other regulatory agencies in the world.
In the past 7 years, Interactive Brokers has been awarded a 4-star or above low-cost broker rating by Barron Magazine. IB’s transaction fee is based on the number of shares bought and sold. Every 200 shares are traded at 1 USD (one transaction equals to 2 times) and has nothing to do with the transaction amount. For example, you buy 2000 shares of the National Bank of Greece (about 1 USD/share) and For 2000 shares of Chipotle ($600+/share), the charges are the same, both are $10.
Through the IB universal account, customers can directly enter more than 150 exchanges and market centers around the world to trade millions of various financial products. The destination countries that can be traded include: United States, Canada, Mexico, Austria, Belgium, France, Germany, Italy, Netherlands, Spain, Sweden, Switzerland, United Kingdom, Australia, Hong Kong, India, Japan, Singapore, South Korea. The types of financial products that can be traded include: stocks, futures, foreign exchange, gold, futures options, stock options, single stock futures, exchange index funds (ETF), national government bonds, corporate bonds, mutual funds, structured products, contracts for difference, Warrants, turbo certificates, CBBCs.
Interactive Brokers was listed on NASDAQ in May 2009 (now it has been transferred to the IEX exchange).
In 2014, Interactive Brokers became the first online broker to directly access IEX, which is a private stock exchange.
Currently, approximately 16.6% of Interactive Brokers is publicly held, while the rest are held by employees and their affiliates; Thomas Peterffy is the largest shareholder. The company provides services for 607,000 client brokerage accounts and has US$128.4 billion in client equity. Interactive Brokers Group owns 40% of the OneChicago futures exchange and is the equity partner and founder of the Boston Options Exchange.
Interactive Brokers (IBKR) History:
- In 1977, Thomas Peterffy quit his job designing commodity trading software for Mocatta Metals and bought a seat on the American Stock Exchange (AMEX) as an individual market maker.
- In 1978, he established his first company called TP & Co..
- In 1979, the company hired four traders, three of whom were AMEX members.
- In 1982, Peter Fei changed the company name from TP & Co. to Timber Hill Inc..
- In 1983, Peter Fei tried to computerize the options market. He first targeted the Chicago Board of Options Exchange (CBOE).
- In 1983, Timber Hill created the first handheld computer for trading.
- Also in 1983, Timber Hill expanded to 12 employees and began trading on the Philadelphia Stock Exchange.
- Timber Hill joined the Options Clearing Corporation in 1984, the New York Futures Exchange in 1985, and the Pacific Stock Exchange and New York Stock Exchange options divisions in 1986.
- Also in 1985, the company joined and started trading on the Chicago Mercantile Exchange, Chicago Board of Trade and Chicago Board Options Exchange.
- In 1987, Timber Hill joined the National Securities Clearing Corporation and Depository Trust Company (now merged into Depository Trust and Clearing Company). By 1987, Timber Hill had 67 employees and had achieved self-liquidation in terms of stocks.
- In 1990, Timber Hill Deutschland GmbH was established in Germany.
- In 1992, Timber Hill began trading on the Swiss Options and Financial Futures Exchange, which later merged with DTB in 1998 to become the European Futures Exchange. That year, Timber Hill had 142 employees.
- Although Peterffy traded on Nasdaq in 1987, he created the first fully automated algorithmic trading system. It consists of an IBM computer that will extract data from the Nasdaq terminal connected to it and conduct transactions on a fully automated basis. The machine on which Peter Fey writes the software works faster than the trader.
- In 1993, Interactive Brokers Inc. was established as an American broker-dealer, providing customers with electronic network and trade execution service technology developed by Timber Hill.
- In 1994, Timber Hill Europe began trading on the European Options Exchange, the OM Exchange and the London International Financial Futures and Options Exchange.
- Also in 1994, Timber Hill Deutschland became a member of the Belgian Futures and Options Exchange, IB became a member of the New York Stock Exchange, and Timber Hill Group LLC was established as the operating holding company of Timber Hill and IB.
- In 1995, Timber Hill France SA was established and began to open up markets on Marchédes Options Négociables de Paris (a subsidiary of Euronext Paris) and Marchéà Terme International de France Futures Exchange.
- Also in 1995, Timber Hill Hong Kong started market making on the Hong Kong Futures Exchange. IB created its main trading platform Trader Workstation and executed the first transaction for public clients.
- In 1996, Timber Hill Securities Hong Kong Limited was established and began trading on the Hong Kong Stock Exchange.
- In 1997, Timber Hill Australia Pty Limited was incorporated in Australia. Timber Hill Europe began trading in Norway and became a member of the Austrian Derivatives Exchange. By 1997, Timber Hill had 284 employees.
- In 1998, Timber Hill Canada Company was established, and IB began to clean up online transactions of retail customers directly related to Globex to trade S&P futures.
- In 1999, IB introduced smart order routing for multiple listed stock options, and began to liquidate its client stock and stock derivatives transactions.
- Also in 1999, Goldman Sachs (Goldman Sachs) tried to acquire Interactive Brokers company and turned away.
- In 2000, Interactive Brokers (UK) Limited was established and Timber Hill became the main market maker of the International Stock Exchange (ISE).
- In 2001, Timber Hill Group LLC was renamed Interactive Brokers Group LLC. At that time, the daily transaction volume was 200,000.
- In 2002, Interactive Brokers co-founded the Boston Options Exchange with the Montreal Stock Exchange and the Boston Stock Exchange.
- Also in 2002, IB launched Mobile Trader and an application programming interface for customers and developers to integrate their mobile phone system with the IB trading system.
- In 2003, Interactive Brokers expanded its trade execution and clearing services to include Belgian index options and futures, Canadian stocks, stock/index options and futures, Dutch index options and futures, German stock options, Italian index options and futures, and Japan index options And futures and UK stock options.
- In 2004, IB provided customers with direct market access on the Frankfurt and Stuttgart exchanges. In the same year, IB upgraded its account management system and Trader Workstation, adding real-time charts, scanners, basic analysis, BookTrader and OptionTrader tools to the platform.
- In 2005, IB released IdealPro (now Ideal FX), its foreign exchange trading platform.
- In 2006, the IB Options Intelligence Report was launched to report the unusual concentration of trading interests and the degree of uncertainty in the options market. In the same year, Interactive Brokers also acquired shares in OneChicago, the ISE Stock Exchange and the Chicago Board of Options Exchange.
- On May 3, 2007, Interactive Brokers conducted an initial public offering (IPO) through Nasdaq and sold 40 million shares at a price of US$30.01 per share (equivalent to US$36.26 in 2018).
- Also in 2007, a real-time portfolio margin platform was introduced for clients trading multiple asset classes to provide higher leverage through real-time risk management; in addition, IB also launched a physical exchange to exchange stocks and futures with clients, And trade at a price determined by the market.
- In 2008, IB released Risk Navigator, a real-time market risk management platform.
- Also in 2008, Trader Workstation introduced several trading algorithms. These include Accumulate-Distribute Algo, which allows traders to divide large orders into small non-uniform increments and release them randomly over time to achieve better prices for large orders.
- In 2009, IB launched iTWS, a mobile trading application based on the IB trading platform; it also released the Portfolio Analyst tool.
- In 2011, IB launched a number of new services, including Interactive Brokers Information System, hedge fund capital introduction plan and stock yield improvement plan.
- In 2013, IB released the Probability Lab tool (Probability Lab tool) and Traders’ Insight, a service provided by Interactive Brokers traders and third-party contributors with daily comments.
- Also in 2013, IB integrated its trade notification tool (called IB FYI) into the trading platform (TWS).
- On April 3, 2014, Interactive Brokers became the first online broker to provide direct access to IEX. IEX is a private electronic communication network for trading securities and subsequently registered as an exchange.
- In 2015, IB created a service-Investors’ Marketplace, which enables customers to find investors in the financial industry and other service providers.
- In 2015, IB also acquired customers through Scottrade Securities; Scottrade previously provided complex options trading through its platform OptionsFirst, and began to provide transactions through the IB platform.
- In March 2016, IB released a companion app for Apple Watch for iTwatch .
- In May 2017, IB announced the sale of the market-making business of its Timber Hill subsidiary (including its market-making software) to New York-based Two Sigma Securities.
Interactive Brokers (IBKR) investment:
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