Greenwich, CT, July 13, 2015 - Interactive Brokers Group, Inc. (NASDAQ GS: IBKR), an automated global electronic broker and the largest US electronic broker by daily average revenue trades, was voted the winner of the 2015 FX Week Best Retail FX Trading Platform category. Hosted by FX Week, the e-FX awards recognize excellence in electronic foreign exchange among banks, broker, vendors and the buy side, rewarding innovation and excellence across the industry. Interactive Brokers (IB) was named the winner of the fiercely competitive Best Retail FX Platform category for delivering the best margin FX trading offering to retail users.
IB built its robust forex offering in keeping with its mission of providing clients with low-cost access to highly liquid trading venues. IB provides direct access to interbank forex quotes, has no hidden price spreads, no markups, and offers transparent, low commissions. In order to achieve this, IB connects with 14 of the worldâ€™s largest interbank dealers, who collectively provide more than 84% of daily interbank liquidity.
The provision of deep liquidity was significant during the Swiss franc trading crisis in January 2015. While many FX competitors faced policy or technology-driven interruptions, IB fared no disruption to its price quotes during the violent movement for the Swiss franc, with the exception of a 3 minute period immediately following the announcement by the SNB. Even after the event, many competitors re-priced their customersâ€™ trades at prices unrepresentative of market action. IB has no conflict of interest with its clients as it provides prices received directly from its counterparties. IB did not re-price a single transaction arising from the Swiss franc event.
Thomas Peterffy, chairman, founder and CEO of Interactive Brokers, is pleased with the results of this yearâ€™s awards. "We are relentless in our efforts to build the best technology to support our sophisticated and diverse customer base. Providing the best multi-asset class trading platform, cutting edge technology and access to trade the worldâ€™s markets at the lowest possible cost continues to be our focus."
To learn more about IBâ€™s award-winning FX platform, please visit www.ibkr.com/forex.
Interactive Brokers Group, Inc., together with its subsidiaries, is an automated global electronic broker that specializes in catering to financial professionals by offering state-of-the-art trading technology, superior execution capabilities, worldwide electronic access, and sophisticated risk management tools at exceptionally low costs. The brokerage trading platform utilizes the same innovative technology as the Company's market making business, which executes and processes trades in securities, futures and foreign exchange instruments on more than 100 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 electronic access to stocks, options, futures, forex, bonds and mutual funds 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.