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Interactive Brokers Group Inc. (IBG) is a U.S.-based automated global electronic broker and market maker. It is the largest U.S. electronic brokerage firm by number of daily average revenue trades, and is the leading forex broker. The company brokers stocks, options, futures, futures options, forex, bonds, ETFs and CFDs on more than 100 electronic exchanges and market centers around the world. Interactive Brokers also services commodity trading advisors (CTAs), making it the fifth-largest prime broker servicing CTAs.
Company type | Public |
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Nasdaq: IBKR | |
Industry | Financial services |
Founded | New York City, United States (1978; 46 years ago (1978)) |
Headquarters | Greenwich, Connecticut, United States |
Number of locations | 19 offices in 12 countries[1] |
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 |
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Parent | Interactive Brokers Group |
Website | interactivebrokers |
The company is headquartered in Greenwich, Connecticut and has offices in fourteen cities around the world. The group was founded by CEO and Chairman Thomas Peterffy, an early innovator in computer-assisted trading. IB is regulated by the U.S. Securities and Exchange Commission, the Financial Industry Regulatory Authority, the U.K. Financial Conduct Authority and other regulatory agencies. The company is a provider of fully disclosed, omnibus, and non-disclosed broker accounts[nb 1] and provides correspondent clearing services to 200 introducing brokers worldwide. The company serves 353 thousand client brokerage accounts, with US$80.4 billion in customer equity. The company owns 40 percent of the futures exchange OneChicago, and is an equity partner and founder of the Boston Options Exchange.
First created as a market maker in 1977 under the name T.P. & Co., Peterffy's organization was renamed Timber Hill Inc. in 1982. It was the first to use fair value pricing sheets on trading floors, in 1979, and the first to use handheld computers for trading, in 1983. In 1987, Peterffy also created the first fully automated algorithmic trading system, to automatically input orders to a market. Between 1993 and 1994, the corporate group Interactive Brokers Group was created, and the subsidiary Interactive Brokers was formed to offer electronic brokerage, separate from Timber Hill, which conducted market making. Currently about 16.6 percent of the company is publicly held, while the remainder is held by employees; Thomas Peterffy is the largest shareholder.