Interactive Brokers

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Interactive Brokers LLC
Type Public
Traded as NASDAQIBKR
Industry Financial services
Founded 1993; 21 years ago (1993)
Headquarters Greenwich, Connecticut,
United States
Area served Worldwide
Key people Thomas Peterffy
(Founder, Chairman & CEO)
Products Direct market access to stocks, options, futures, forex, bonds, ETFs and CFDs
Services Online brokerage, direct-access trading
Parent Interactive Brokers Group
Website www.interactivebrokers.com

Interactive Brokers LLC (IB) is a U.S.-based online discount brokerage firm. It is the largest US online brokerage firm by number of daily average revenue trades;[1] it also is the leading forex broker.[2] 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.

IB is regulated by the SEC, FINRA, NYSE, SFA and foreign regulatory agencies.[3] The company is a provider of fully disclosed and non-disclosed broker accounts and provides correspondent clearing services to 200 introducing brokers worldwide.[4] It has offered direct market access on Australian contracts for difference since 2008.[5]

Trading tools and software[edit]

The company employs computer programmers and IT workers; programmers outnumber other employees 5-to-1.[6] The company supports web-based and mobile trading platforms, an API, and a Computer to Computer Interface (CTCI) including:

  • WebTrader, an HTML-based trading platform
  • Trader Workstation (TWS), a Java-based electronic desktop trading platform
  • MobileTWS, a mobile-compatible version of TWS that supports trading on iOS, Android and BlackBerry devices
    • The iTWS trading app for the iPhone
  • PaperTrader, a stock market simulator for practice using TWS features in a simulated environment
  • Mosaic, a workspace with access to TWS trading, order management, and portfolio functionality
  • IB's proprietary API and FIX CTCI solutions, let traders, investors and institutions create their own automated rule-based trading system that uses IB's high-speed order routing system and broad market coverage
  • PortfolioAnalyst, a reporting tool for evaluating the performance of a portfolio against industry benchmarks
Headquarters front desk and trading floor
  • Ideal FX (released as IdealPro), a tool for traders to receive tight forex quotes from multiple major money center banks in one quote montage
  • The IB Risk NavigatorSM, a real-time market risk management platform for customers providing unified risk data across multiple asset classes worldwide
  • Traders' Insight, a blog, providing market insight directly from global market participants to the trading and investing public.
  • The Probability Lab, an options trading tool integrated into TWS provides a practical way to understand and analyze probability distribution for customized price outcomes
  • IB SmartRouting, an order routing system that searches for the best firm stock, option and combination prices available at the time of order routing and seeks to immediately execute orders electronically[1]

See also[edit]

References[edit]

  1. ^ a b "Interactive Brokers Adds IEX as an Electronic Trading Venue". The New York Times. Business Wire. April 3, 2014. Retrieved July 2, 2014. 
  2. ^ "Interactive Brokers Leads Industry in Percentage of Profitable Customer Forex Accounts". The Wall Street Journal. Business Wire. February 6, 2013. Retrieved July 2, 2014. 
  3. ^ "IB Fact Sheet". Interactive Brokers. Interactive Brokers Group. Retrieved June 23, 2014. 
  4. ^ "Interactive Brokers Rated #1 Online Broker by Barron's for the Third Year in a Row". The Wall Street Journal. Business Wire. March 19, 2014. Retrieved July 2, 2014. 
  5. ^ "Interactive Brokers Launches Contracts for Difference in Australia". Bloomberg News. Business Wire. October 21, 2008. Retrieved July 2, 2014. 
  6. ^ McGee, Susan (November 10, 2005). "A Breed Apart". Institutional Investor Magazine (November 2005) (Institutional Investor LLC). Retrieved June 27, 2014. 

External links[edit]

Media coverage