Barron's columnist Theresa Carey tells readers how Interactive Brokers is providing access to Chinese stocks through the Shanghai-Hong Kong Stock Connect program and the brand new Shenzhen-Hong Kong Stock Connect program. Carey notes that IB has allowed its customers to trade on the Shanghai exchange since it opened in 2014 and this month added access to Shenzhen. Check out the full article for more details.
Barron's columnist Theresa Carey updates her readers on online broker Robinhood, which officially launched in 2014 and offers a commission-free trading platform. The company recently debuted Robinhood Gold, which allows its customers to trade on margin (among other features), but Carey highlights cost differences between Robinhood Gold and other brokers. Specifically, Carey notes a comparison between Interactive Brokers, Robinhood Gold and TD Ameritrade. Interactive Brokers, in Carey's scenario, was the least costly among the three brokers. Check out the full article for more details.
"Thomas Peterffy embodies the American Dream," writes Forbes contributing editor Monte Burke of the Interactive Brokers founder, chairman and CEO. Burke interviewed Peterffy and other successful immigrant entrepreneurs for the article 6 Immigrant Stories That Will Make You Believe In The American Dream Again.
Finance Magnates reporter Victor Golovtchenko highlights a partnership between oneZero and MetaQuotes Software to create an Interactive Brokers gateway. oneZero and MetaQuotes have teamed up to deliver a new connectivity gateway that lets companies integrate with Interactive Brokers and access trading in a variety of asset classes on a number of exchanges. In the article, Golovtchenko notes that the solution is available via the oneZero Hub product, and that companies must have an active Interactive Brokers account to activate the new gateway.
MarketWatch reporter Francine McKenna describes how Interactive Brokers planned and prepared during the months leading up to the United Kingdom's Brexit vote to leave or remain in the European Union. McKenna spoke with Steve Sanders, EVP marketing and product development, about the changes in margin rates and other actions taken by the firm to prepare for potential volatility surrounding the event.
WSJ reporter Laura Saunders highlights regulatory changes affecting Americans living abroad and the financial institutions who service them in Good News, Tax Delinquents: The Government Isn't Yet Taking Your Passport. Saunders details implications of the Foreign Account Tax Compliance Act and other rules, noting that Interactive Brokers welcomes "clients who live abroad, whether or not they are U.S. taxpayers."
Financial Times reporter Robin Wigglesworth spoke with Interactive Brokers founder Thomas Peterffy about the future of the US brokerage industry. Peterffy told FT "The brokerage industry has become incredibly efficient. It's all about taking costs out of the system." According to Peterffy, declining revenues and increasing costs faced by US brokers suggest further consolidation in the industry. "Only one-fifth of brokerages will survive," he said. "There will be fewer and bigger firms. Trading will be extremely cheap and efficient and there will be more semi-automated trading algorithms."
The shifting regulatory landscape in the wake of the global financial crisis had major consequences for the prime brokerage industry. In an article published in Global Investor Magazine, Associate Editor Andrew Neil explores the effects of regulatory changes on prime brokers and the hedge funds they service. Neil quotes a number of industry executives, including Interactive Brokers executive vice president of marketing and product development Steve Sanders.
CNBC’s Mike Santoli sat down with Interactive Brokers CEO Thomas Peterffy as part of the Pro Talks series to discuss Peterffy’s career, the evolution of electronic trading and emerging trends in technology.
Multi-asset online/electronic trading knowledge hub, Finance Magnates, analyzed data reported to the CFTC by reporting Futures Commission Merchants (FCMs) for the month of April. In an article on forexmagnates.com, Victor Golovtchenko notes that, "In terms of performance by the brokerage, clients of Interactive Brokers continued to be the most savvy, once again leading traders at other brokers in terms of profitability."
Interactive Brokers chairman, founder and CEO Thomas Peterffy was interviewed by The Wall Street Transcript for the publication’s March 28, 2016 issue "Asset Management, Investment and Money Center Banks Report." Peterffy discusses areas of growth for Interactive Brokers, the company's acquisition of Covestor and challenges facing the industry at large.
Interactive Brokers earned Barron's top rating of 4.5 stars for the sixth year in a row in Barron's 21st annual ranking of Best Online Brokers. In this year's survey, IB was named Best for Options Traders, Best for Frequent Traders and Best for International Traders. Additionally, by Barron's estimate, IB is the cheapest online broker for both occasional and frequent traders. Barron's columnist and author of the Best Online Brokers annual ranking Theresa W. Carey noted that IB's "fees are very consistently low, and the firm does not internalize orders or sell its order flow. This transparency of pricing is something we'd like to see others emulate." Interactive Brokers has been rated a low cost broker by Barron's for 15 consecutive years.
Barron's columnist Theresa W. Carey polls Thomas Peterffy and other industry leaders to find out what they believe is required to create a good home trading system. Connectivity, the ideal number of computer monitors and computing power are among variables discussed.
Interactive Brokers was named one of the Investor's Business Daily's top five online brokers in the publication's fourth annual study of online stockbrokers. IB was ranked top five in a number of categories, including Trade Reliability, Low Commissions & Fees, Site Performance, Equity Trading Tools, Mobile Platforms/Trading, Options Trading Platform, Portfolio Analysis/Reports and ETF Choices.