Kinsey Grant conducts a Question & Answer session with Interactive Brokers CEO Thomas Peterffy about his views on Bitcoin and its potential impact on the economy.
Interactive Brokers has enabled clients to trade bitcoin futures on the Cboe Futures Exchange and plans to offer the bitcoin futures that the Chicago Mercantile Exchange starting on December 18th. Interactive Brokers will only let clients take long positions, because of the extreme volatility of cryptocurrencies.
The article explains that there are challenges finding a futures broker for those who want to trade bitcoin from day one. Interactive brokers, one as the top 10 US futures clearing brokers, began offering bitcoin futures when trading started.
In an interview on CNBC's Fast Money, Interactive Brokers CEO Thomas Peterffy said the company would enable clients to trade bitcoin futures, but noted traders could only take long positions and would have a 50% margin requirement.
Interactive Brokers CEO Thomas Peterffy shares his views with Fortune that bitcoin futures could set off a financial crisis similar to 2008.
Interactive Brokers CEO Thomas Peterffy explains why he feels bitcoin should be cleared completely separately from other products to avoid "clearing contagion".
Companies are offering clients the ability to borrow against their portfolios as an alternative to selling their investments to pay for expenses. Author Jordan Wathen notes that Interactive Brokers enables clients to borrow against their securities at low interest rates.
Interactive Brokers CEO Thomas Peterffy appeared on CNBC's "Fast Money" to discuss his concerns about bitcoin futures. While he says cryptocurrencies are a great idea, Peterffy believes bitcoin futures should not be cleared in the same trading house as other products.
Columnist Steve Sears writes that Thomas Peterffy, Interactive Brokers founder and one of the world's most successful derivatives traders, believes Bitcoin derivatives will create extraordinary market volatility. Peterffy expresses concern that small trading firms that offer low margin rates to generate business may fail if volatility surges and stock prices plummet.
FinanceFeeds CEO Andrew Saks-McLeod explains how Interactive Brokers' new product lets clients "put stock market collateral to work, as it offers industry-low margin loan rates." The article explains how clients can borrow money from Interactive Brokers at 1.41% to 2.66%.
Columnist Steven Sears writes about Interactive Brokers Group's strategy and the strength of the company's stock. Sears says investors may still be undervaluing IBKR stock, despite a 35% stock price increase this year and a strong Q3 earnings report. Following the sale of IB's market-making unit, the company is now "a muscular, electronic brokerage firm," Sears writes. He notes Peterffy is preparing to take on big banks "in the same way he used technology and low fees to disrupt the businesses of traditional brokerage firms" and Sears expects investors will find the company has "a lot of blue sky in front of it."
Amanda McLean of Interactive Brokers provides insight for hedge funds on selecting the right service providers. Picking a prime brokerage firm can often help maximize a hedge fund's long-term success, she says.
"Interactive Brokers, which rose to prominence by offering individual investors market access and trading tools traditionally available only to institutional investors, is preparing to challenge commercial banks", writes Senior Editor Steven Sears.
He adds that IB, "which used technology and low fees to disrupt and dominate the online brokerage industry, plans to employ a similar approach to help people better manage their finances." The firm's latest offering lets clients use their brokerage accounts for more than just investing. Clients can earn money by lending out shares and borrow against securities in their accounts at rates of 2.66% or less.
Compare Brokerages (comparebrokerages.in) reviewed Interactive Brokers in its "Insider View". The review details how Indian investors can work with Interactive Brokers and describes the products and services IB offers, including online trade and execution and clearing services for a wide variety of products, including stocks, options, futures, bonds, and funds.
Interactive Brokers provides access to 222 Chinese stocks available through the Hong Kong Stock Connect program, which allows international investors to trade shares listed on the Shanghai and Shenzhen exchanges. Because Interactive Brokers is a member of the Hong Kong Stock Exchange, IB can provide clients with direct access to these stocks. These 222 stocks are set to join MSCI's Emerging Markets index in 2018.
FinanceFeeds features several new trading tool shortcuts, which Interactive Brokers has added to its Traders Workstation Mosaic order entry panel. Maria Nikolova explains that Interactive Brokers simplified the Adaptive IB Algo, so that traders could quickly make use of the fastest fill at the best all-in price. She also writes about IB's artificial intelligence enhancements.
Interactive Brokers CEO and founder Thomas Peterffy received the Grand Cross of the Hungarian Order of Merit for his value-oriented participation in public life and his exemplary career, which have furthered Hungary's reputation.
AdvisorHub features the products and services Interactive Brokers offers to help advisors run their businesses. The article focuses on IB's robust trading capabilities as well as the strong administrative, marketing and compliance support IB offers. For example, IB provides free technology to make billing and invoicing easier and has a no-cost Investors' Marketplace, where advisors can advertise. Through Greenwich Advisor Compliance Services, IB also offers compliance support for advisors from the start-up to seasoned stage.
WSJ reporter Gunjan Banerji writes that investors are using alternative ways to manage risk in their portfolios. She spoke with Thomas Peterffy, CEO of Interactive Brokers, considered a pioneer of options trading. Peterffy noted that income-generating strategies, which includecovered calls, have become so popular in recent years that they're keeping a lid on volatility.
CNBC's Melissa Lee sat down with Interactive Brokers CEO Thomas Peterffy to discuss investor sentiment and Interactive Brokers' growth.
FinanceFeeds covers new Trader Workstation (TWS) API enhancement targeted at professional developers. The TWS API lets Interactive Brokers clients automate trading strategies, request market data and monitor account balances.
Interactive Brokers is focusing on its electronic brokerage and fast growing advisor custody business. In the past year, the number of advisors on the platform has increased to 3,600 and advisor assets on the platform have grown 32%.
WealthManagement.com managing editor Diana Britton writes about offerings IB has recently added to attract advisors. For example, the firm launched Greenwich Compliance to provide start-up and ongoing compliance support for RIAs and created the Investors' Marketplace, where advisors can advertise their services for free.
Interactive Brokers earned Barron's top rating of 4.5 stars for the seventh year in a row in Barron's 22nd annual ranking of Best Online Brokers. In this year's survey, IB was named Best for Frequent Traders, Best for Options Traders and Least Expensive for Occasional Traders. Interactive Brokers has been rated a low cost broker by Barron's for 16 consecutive years.
Barron's columnist and author of the Best Online Brokers annual ranking Theresa W. Carey noted that, Interactive Brokers has expanded its products and tools to serve a broader audience. She cited the IBot artificial-intelligence assistant which responds to plain English questions about price quotes, market activity, trades and more. Carey also discussed Covestor Smart Beta portfolios, a low-fee product line introduced by IB's robo-advisory unit.
Financial Advisor editor Dan Jamieson explains how Interactive Brokers has expanded the products and services it offers Registered Investment Advisors. The article discusses IB's significant RIA custody business, Greenwich Advisor Compliance Services, and the Covestor robo platform. Jamieson covers a number of benefits that IB offers, including low transaction fees and "smart" order-routing for best execution.
Barron's columnist Theresa Carey tells readers how Interactive Brokers is helping its customers navigate their accounts using IBot. The new tool can respond to plain English questions with written responses. IB's Chairman Thomas Peterffy says eventually customers will be able to talk to IBot the same way they'd speak to a wealth advisor.
Millennials cited Interactive Brokers as one of the top brokers in IBD's fifth annual Best Online Broker survey. Aparna Narayanan explains to readers why a 20-something Citigroup VP selects Interactive Brokers for high-tech tools and cost-efficient trades.
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