FutureTrade/Interactive Brokers Leaps to #1 Ranking for Hedge Fund Executions
With the recent agreement to purchase FutureTrade, Interactive Brokers has established itself as the #1 Ranked Broker for Hedge Fund Trade Executions based on the recent 2007 Alpha Magazine Technology Awards.
“The combination of FutureTrade’s global execution technology with Interactive Brokers’ portfolio margin, smart & combination order routing, reporting, clearing, and settlement technology makes us the industry standard for any hedge fund that has a need to electronically execute and clear trades” said Steven Sanders, SVP of Product Development.
Alpha Magazine, which is published by the Institutional Investor magazine, surveyed 300 hedge fund managers who collectively control $600 billion in assets, for its 2007 Top Technology Firms awards. FutureTrade faced tough competition from other software functionality providers including Banc of America Securities, Goldman Sachs & Co. and Bloomberg to clinch the overall award.
It is expected that FutureTrade and Interactive Brokers will fully integrate their technology platforms in the next four to six months. FutureTrade customers will benefit from Interactive Brokers features including:
- Order management and account access to stocks, options, futures, forex, and bonds on 70 market centers worldwide in one account
- 14.85% price improvement on marketable US Equity Options vs. an industry average of 0.57%*
- Real-time Portfolio Margin which allows increased leverage with greater safety
- EFPs which provide a market-determined financing alternative
Interactive Brokers clients will benefit from FutureTrade features including:
- Industry standard trade entry tools for the hedge fund industry
- Superior charting capability
Customers will not lose any of the features and benefits of their current broker’s technology platform. Over the coming months, clients can look forward to additional features provided by the combined platform.
About Interactive Brokers
Interactive Brokers Group is an automated global electronic market maker and broker specializing in routing orders and executing and processing trades in securities, futures and foreign exchange instruments as a member of more than 70 electronic exchanges and trading venues around the world. As a market maker, we provide liquidity at these marketplaces and, as a broker, we provide professional traders and investors with direct access to stocks, options, futures, forex and bonds from a single IB Universal AccountSM. Employing proprietary software on a global communications network, Interactive Brokers Group continuously integrates its software with a growing number of exchanges and trading venues into one automatically functioning, computerized platform that requires minimal human intervention.
Interactive Brokers LLC is a member of NYSE/FINRA/SIPC. Supporting documentation for any claims and statistical information will be provided upon request.