Merging Interactive Brokers Ireland Limited (IBIE) and Interactive Brokers Central Europe Zrt. (IBCE) will allow us to focus on meeting one set of regulatory requirements and provide a consistent product offering throughout the EEA, while continuing to achieve our goals including providing clients with high quality investment services.
By way of background, in the lead-up to Brexit, Interactive Brokers Group Inc. (IBKR) created two strong investment firms in the EEA, IBIE and IBCE, to provide on-line execution and clearing services to its clients.
While these firms allowed us to service our EEA clients and significantly expand our business, IBKR made the strategic decision to integrate those two firms into one entity, regulated in Ireland, while retaining a significant operational services presence in Hungary, in addition to software development services.
Additional Information