Interactive Brokers is one of the world's largest professional online trading brokers. Founded in 1977 by Chairman and CEO Thomas Peterffy. It was listed on Nasdaq in May this year under the symbol IBKR.
Global Trading Direct Entry
The company, referred to as IB in the industry, conducts trading operations such as brokerage, bookmaker and proprietary trading in more than 70 market centers around the world. In the brokerage agency business, IB provides institutions and professional traders with order execution and settlement services for direct entry (online) transactions of a wide variety of electronic trading products. These electronic trading products include global options, futures, stocks, foreign exchange and bonds (information, market conditions) businesses. In its proprietary trading business, IB engages in bookmaking activities for its own account in electronic trading of approximately 6,500 different products. Currently, IB Group's stock options trading volume accounts for 18.7%* of the total stock options trading volume on exchanges around the world, and accounts for more than 20% of the stock options trading volume in the United States. The group executes approximately 650,000 transactions every day.
IB's financial data are as follows:
Market value is US$12 billion
Shareholders' funds are more than US$3 billion
Customer equity is More than 7 billion U.S. dollars
In 2006, the net income was 1.25 billion U.S. dollars, and the after-tax profit was 730 million U.S. dollars. With more than 500 employees around the world, each employee created an average profit of more than 1 million U.S. dollars, which is a rare per capita profit in the U.S. industry. Revenue generation rate.
The company's stock trend: small steps up.
Interactive Broker is headquartered in Greenwich Connecticut (Greenwich, Connecticut, USA). Global branches include Chicago, Switzerland, Canada, Hong Kong, London and Sydney. IB is regulated by the SEC (U.S. Securities and Exchange Commission), NASD (National Association of Securities Brokers), NYSE (New York Stock Exchange), FSA (UK Financial Services Authority) and other regulatory agencies around the world.
In 1983, the Timber Hill branch of IB Group created the first handheld computer for trading. The ability to track positions and continuously price stock options gave the company an unparalleled advantage because their price sheets were only updated once or twice a day compared to other competitors on the exchange at the time.
IB's advantages:
Fund security - securities account insurance of up to $30 million. The first level of insurance is SIPC, USD 500,000.
The handling fee is ultra-low - No. 1 in Asia, for example,
·CBOT electronic soybeans are US$0.28-$1.25 per lot (plus exchange fee of US$1.8)
·Hong Kong stock transaction fee:
0.088% of each transaction amount (including various miscellaneous fees, with a minimum charge of HK$18 per transaction). Stamp duty 0.1% and SFC transaction levy 0.004% are paid directly by the customer themselves.
· The Hang Seng Index futures commission is ultra-low: between HKD 3 and HKD 20 per side (plus an exchange fee of HKD 10).
Fast track - lightning transactions, 650,000 trading volumes executed every day
Global trading - 17 countries, more than 70 stock and futures exchanges
Advantages of foreign exchange trading - ECN electronic communication platform, ultra-low spreads, no betting
Advantages of securities trading - the most advanced Algo algorithmic trading platform in the United States, find the best transaction path
< p>Advantages of option trading - fully electronic processing, fast, stock option trading volume accounts for 19% of the worldFully automatic risk control - when the account maintenance margin is insufficient, the system automatically closes some positions until funds are sufficient
The account opening process is fully online - customers complete the account opening process by themselves.
Saves manpower and saves money for customers