Account Management Release Notes - June 2012

The enhancements and modifications below are available as of June 26, 2012.

The minimum funding requirement for individuals aged 21 or younger has changed. We have increased the maximum age from 21 to 26, so now individuals aged 26 or younger can open an account with $3000 USD or the non-US equivalent.

The enhancements and modifications below are available as of June 15, 2012.

Individual, Joint, Trust and IRA customers (except Advisor and Broker clients) can now invite a friend to open an Interactive Brokers account and receive a bonus of up to $200.

The Trader Referral Program, accessible from the Manage Account menu in Account Management, lets existing customers enter the first name, last name and email address of anybody they know to send an email invitation to open an IB account. There is no limit to the number of referral bonuses you can receive.

Payouts to referring customers in the United States are subject to the following rule:

• Each referred client must open an IB account using the invite link and maintain a balance of at least $10,000 USD for one year.

Payouts to referring customers in non-US countries are subject to the following rules:

• To receive the bonus for a referred account, your referred client must open an account using the invite link and have a balance of at least $10,000.
• For each referral, IB will pay 30% of commissions up to $200.00.
• The first payment of $100.00 will be sent when the referred account reaches $333.34 in commissions.
• The second payment of $100.00 will be sent when the referred account reaches $666.67 in commissions.
• You are eligible to receive the referral bonus up to one year from the opening of the referred account only if the commission minimums listed above are met.

Please note the following:

• You cannot refer members of your own household.
• IB cannot pay referral fees for referred customers who live in Spain.

Customers who white-brand Trader Workstation can now also white-brand IBIS, Interactive Brokers Information System, our comprehensive news and fundamentals research platform add-on to Mosaic.

Customers who invest in hedge funds on our Hedge Fund Investor Site can now view investment and redemption requests on the Internal Transfers tab of the View Transaction History page.

The enhancements and modifications below are available as of June 8, 2012.

Position Transfers in Account Management have been updated with the following enhancements:

• All Position Transfer screens have been redesigned with updated visual styles and improved workflow.
• A new page, Position Instructions, has been added. Use this page to view and delete any saved position instructions that you created for ACATS, ATON and FOP position transfers. Position instructions are optional; you create position instructions on the Position Transfers page BEFORE you initiate an ACATS, ATON or FOP position transfer.
  
  Individual accounts can access the Position Instructions page in the Funding menu of Account Management. Accounts using our Legacy Account Management can access the page in the Funds Management menu.
• Two new position transfer methods have been added:
• DRS (Direct Registration System) - An electronic system for registering stock with an issuer/company's transfer agent. These shares are in electronic book-entry format and can be transferred to and from a brokerage account. DRS shares are already issued and held electronically in book-entry format at the transfer agent.
• DWAC (Deposit/Withdraw at Custodian) - An electronic method of transferring shares registered in the customer's name on the books of the transfer agent between participating broker/dealers with the transfer agent serving as a custodian. DWAC usually refers to new or certified paper shares to be electronically transferred.
For more information about these new position transfer methods, see the Position Transfers tab on our Funds and Banking web pages.

The enhancements and modifications below are available as of June 1, 2012.

Single Hedge Fund accounts can now add Separate Trading Limit (STL) sub accounts. The Fund Investment Manager Master User must add these sub accounts on the Add Account page in the Account Administration menu of Account Management.

Single Hedge Fund STL sub accounts have the following characteristics:

• Master, sub accounts and users are part of the same legal entity.
• Funds are deposited in the master account and transferred between the master and sub accounts to control individual trader limits.
• Initial margining is determined for each individual account, while maintenance margining is determined at a consolidated account level.
• Master users can set trading limits on individual sub accounts based on order size and value.

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