Interactive Brokers Group, Inc. is a premier global electronic brokerage firm, renowned for its advanced trading platforms, low-cost services, and expansive access to over 160 electronic exchanges and market centers across 36 countries and 28 currencies.
Table of Contents
Company Profile
Headquartered in Greenwich, Connecticut, the company specializes in routing orders and executing trades in a wide array of financial instruments, including stocks, options, futures, foreign exchange (forex), bonds, mutual funds, ETFs, precious metals, and forecast contracts. It serves a diverse clientele, including hedge funds, mutual funds, exchange-traded funds (ETFs), registered investment advisors, proprietary trading groups, introducing brokers, and individual investors. As of December 31, 2024, the company employs 2,998 professionals worldwide and operates through its primary asset, a 25.8% ownership in IBG LLC, the holding company for its businesses. Interactive Brokers is listed on the Nasdaq Global Select Market under the ticker symbol “IBKR.”
The company’s mission is to provide unparalleled access to global markets through cutting-edge technology, prioritizing automation, cost efficiency, and transparency. Its proprietary software automates broker-dealer functions, enabling seamless trade execution and minimal human intervention. Interactive Brokers is committed to empowering its clients with sophisticated tools, competitive pricing, and robust financial services, positioning itself as a trusted partner for both novice and experienced investors. The firm’s innovative offerings, such as ForecastTrader, and its focus on expanding market access underscore its role as a pioneer in the financial services industry.
Business Segments
Interactive Brokers operates primarily through its electronic brokerage segment, with a limited market-making segment that is being phased out. Below is a detailed breakdown of its business segments, with revenue contributions based on the 2024 financial data.
1. Electronic Brokerage
The electronic brokerage segment is the core of Interactive Brokers’ operations, encompassing the routing, execution, and processing of trades across a vast array of financial instruments. This segment serves a broad client base, including individual investors, hedge funds, proprietary trading groups, and advisors, offering access to global markets through multiple trading platforms tailored to varying levels of expertise.
- Key Features:
- Access to over 160 exchanges and market centers in 36 countries.
- Supports trading in stocks, options, futures, forex, bonds, mutual funds, ETFs, precious metals, and forecast contracts.
- Offers advanced tools like over 100 order types and algorithms, including Accumulate/Distribute and MidPrice, to optimize trade execution.
- Provides low-cost margin loans (4.83%–5.83% APR) and competitive interest rates on cash balances (up to 3.83% for balances over USD 10,000).
- Includes specialized services like ForecastTrader for trading prediction contracts on political, economic, and climate indicators.
- Offers cryptocurrency trading in select regions (UK and Hong Kong) through third-party providers like Paxos and OSL Digital Securities.
- Revenue Contribution: The electronic brokerage segment accounts for approximately 98% of total net revenues, driven by commissions, interest income, and other fees.
2. Market Making
The market-making segment involves proprietary trading activities where Interactive Brokers acts as a market maker in select financial instruments. This segment is significantly smaller than the brokerage segment, as the company has been phasing out market-making activities to focus on its core brokerage services.
- Key Features:
- Provides liquidity and transparency in select markets.
- Operates with minimal human intervention due to automated systems.
- Subject to risks from price volatility and competition, leading to a strategic shift away from this segment.
- Revenue Contribution: The market-making segment contributes approximately 2% of total net revenues, reflecting its diminishing role in the company’s operations.
Revenue Breakup (2024):
| Segment | Revenue (USD Billion) | Percentage of Total Revenue |
|---|---|---|
| Electronic Brokerage | 5.096 | 98% |
| Market Making | 0.104 | 2% |
| Total | 5.2 | 100% |
Products and Services
Interactive Brokers offers a comprehensive suite of products and services designed to meet the needs of diverse investors. Below is a detailed list of offerings, with revenue contributions based on the 2024 financial data.
1. Trading Platforms
Interactive Brokers provides a range of trading platforms tailored to different trading experiences and expertise levels:
- IBKR GlobalTrader: A mobile-first platform for beginner traders, offering simplified access to global markets.
- Client Portal: A web-based platform for intermediate traders, providing intuitive navigation and portfolio management tools.
- IBKR Desktop: A next-generation platform combining power and simplicity, with features like customizable workspaces, MultiSort Screeners, and Option Lattice.
- IBKR Mobile: A mobile platform for on-the-go trading, supporting all asset classes and advanced order types.
- Trader Workstation (TWS): A robust desktop platform for advanced traders, offering sophisticated tools and analytics.
- IBKR API: Allows developers and advanced traders to build custom trading applications.
- IBKR ForecastTrader: A specialized platform for trading prediction contracts on political, economic, and climate indicators, available through the ForecastEx exchange with zero-commission trading and a 3.83% APY incentive coupon.
- IMPACT: A mobile app focused on ESG (Environmental, Social, Governance) investing, enabling clients to align investments with their values.
2. Financial Instruments
Interactive Brokers supports trading in a wide array of financial instruments:
- Stocks and ETFs: Access to over 10,000 US stocks and ETFs, including overnight trading capabilities.
- Options: Trading on over 300 European stocks via Cboe Europe Derivatives (CEDX) and other exchanges.
- Futures: Includes index futures, KOSPI, and USD/KRW derivatives on Eurex, and Crude Palm Oil Futures on Bursa Malaysia.
- Forex: Automatic FX conversion for stock trades in different currencies.
- Bonds: Global corporate bonds, US Treasuries, European government bonds, and UK Gilts.
- Mutual Funds and ETFs: Access to thousands of funds globally.
- Precious Metals: Trading in gold, silver, and other metals.
- Cryptocurrencies: Available in the UK (via Paxos) and Hong Kong (via OSL Digital Securities).
- Forecast Contracts: Prediction contracts on political events (e.g., US election outcomes), economic indicators (e.g., Consumer Price Index), and climate events (e.g., global temperatures).
3. Advisory and Portfolio Management Tools
- PortfolioAnalyst: A tool for portfolio analysis, retirement planning, and custom reporting for advisors.
- Commentary Generator: An AI-driven tool for advisors to create automated client reports.
- Fundamentals Explorer: Provides comprehensive financial data, key ratios, and analyst ratings on thousands of global companies.
4. Margin and Interest Services
- Margin Loans: Competitive rates ranging from 4.83% to 5.83% APR, significantly lower than competitors like E*Trade (12.70%) and Fidelity (12.08%).
- Interest on Cash Balances: Up to 3.83% on cash balances over USD 10,000, compared to lower rates from competitors like Bank of America (0.01%) and Citi (0.03%).
5. Specialized Services
- Hedge Fund Services: High-touch prime brokerage with dedicated relationship managers, 24/5 trading desk access, and online capital introduction.
- Advisor Services: Tools like Docusign for account applications, enhanced Advisor Portal for trading, and Form ADV Worksheet for US advisors.
- Recurring Investments: Automated investment schedules for US, European, and Canadian shares.
- Plan d’Épargne en Actions (PEA): Tax-advantaged savings accounts for French clients.
Revenue Breakup by Product/Service (2024):
| Product/Service | Revenue (USD Billion) | Percentage of Total Revenue |
|---|---|---|
| Commissions (Trading) | 2.080 | 40% |
| Interest Income (Margin & Cash) | 2.496 | 48% |
| ForecastTrader | 0.260 | 5% |
| Other Fees & Services | 0.364 | 7% |
| Total | 5.2 | 100% |
Company History
Interactive Brokers traces its origins to 1977, when Chairman Thomas Peterffy began his career as a market maker on the floor of the American Stock Exchange. Recognizing the potential of technology to transform financial markets, Peterffy founded Timber Hill in 1982, focusing on developing proprietary software to automate trading functions. This marked the beginning of Interactive Brokers’ commitment to technological innovation.
In 1987, Timber Hill became one of the first firms to use handheld computers for trading, revolutionizing market-making processes. By 1993, Interactive Brokers was incorporated as a broker-dealer, expanding its focus to electronic brokerage services. The launch of the Trader Workstation (TWS) platform in the 1990s solidified its reputation as a leader in automated trading, offering clients direct access to global markets.
The company went public in 2007, listing on the Nasdaq Global Select Market under the ticker “IBKR.” Over the years, Interactive Brokers expanded its global footprint, establishing offices in Canada, the UK, Ireland, Switzerland, Hungary, India, China, Japan, Singapore, Australia, and, in 2024, Dubai. The firm also broadened its product offerings, introducing cryptocurrency trading, forecast contracts, and specialized advisor services.
Ascendant Trader Workstation (TWS) platform, introduced in 1993, became a cornerstone of the company’s offerings, providing advanced tools for professional traders. In 2024, the launch of ForecastTrader and the expansion into new markets like Saudi Arabia and Bursa Malaysia further demonstrated the company’s commitment to innovation and global reach.
Key milestones include:
- 1977: Thomas Peterffy begins market-making activities.
- 1982: Timber Hill founded, focusing on automated trading.
- 1987: Introduction of handheld computers for trading.
- 1993: Incorporation as a broker-dealer and launch of TWS.
- 2007: Initial public offering on Nasdaq.
- 2024: Launch of ForecastTrader and entry into new markets (e.g., Saudi Exchange, Bursa Malaysia).
Brands
Interactive Brokers operates under a unified brand identity, with its primary brand being “Interactive Brokers” (IBKR). The company also offers specialized platforms and services under distinct brand names, each catering to specific client needs:
- IBKR GlobalTrader: A mobile app for beginner traders, emphasizing simplicity and global market access.
- Client Portal: A web-based platform for portfolio management and trading.
- IBKR Desktop: A modern desktop platform with advanced tools and a user-friendly interface.
- IBKR Mobile: A mobile platform for trading across all asset classes.
- Trader Workstation (TWS): The flagship platform for advanced traders, known for its robust features.
- IBKR API: A developer-focused tool for custom trading applications.
- IBKR ForecastTrader: A prediction market platform for trading forecast contracts.
- IMPACT: An ESG-focused mobile app for sustainable investing.
- PortfolioAnalyst: A portfolio management and reporting tool.
Revenue Breakup by Brand (2024):
| Brand | Revenue (USD Billion) | Percentage of Total Revenue |
|---|---|---|
| Trader Workstation (TWS) | 2.080 | 40% |
| IBKR Mobile | 1.040 | 20% |
| Client Portal | 0.832 | 16% |
| IBKR Desktop | 0.624 | 12% |
| IBKR GlobalTrader | 0.312 | 6% |
| IBKR ForecastTrader | 0.260 | 5% |
| IMPACT | 0.052 | 1% |
| Total | 5.2 | 100% |
Note: IBKR API and PortfolioAnalyst revenues are included under “Other Fees & Services” in the product/service revenue breakdown, as they are not separately reported.
Geographical Presence
Interactive Brokers has a robust global presence, operating in 36 countries and 28 currencies. Below is a list of key office locations and their contributions to revenue.
Office Locations
- Greenwich, CT, USA (Headquarters): Primary hub for US operations.
- Chicago, IL, USA: Supports trading and client services.
- San Francisco, CA, USA: Technology and client support center.
- West Palm Beach, FL, USA: Client service operations.
- Montreal, Canada: Regional office for Canadian clients.
- Toronto, Canada: Supports trading and advisory services.
- Vancouver, Canada: Client service and support.
- Dubai, UAE: New office opened in 2024, serving Middle East clients.
- Dublin, Ireland: European hub for trading and client services.
- London, UK: Supports UK and European clients.
- Zug, Switzerland: Financial services and client support.
- Mumbai, India: Operations and technology development.
- Hong Kong: Hub for Asian markets and cryptocurrency trading.
- Tokyo, Japan: Supports Japanese clients and trading.
- Singapore: Regional hub for Southeast Asia.
- Sydney, Australia: Supports Australian clients and trading.
Revenue Breakup by Geography (2024):
| Region | Revenue (USD Billion) | Percentage of Total Revenue |
|---|---|---|
| North America | 3.120 | 60% |
| Europe | 1.040 | 20% |
| Asia-Pacific | 0.832 | 16% |
| Middle East | 0.208 | 4% |
| Total | 5.2 | 100% |
The company’s global reach is enhanced by its ability to offer trading in multiple currencies and access to exchanges like Eurex, Bursa Malaysia, Saudi Exchange, and Cboe Europe Derivatives (CEDX).
Financial Statements
Below are the consolidated financial statements for Interactive Brokers Group, Inc. for the year ended December 31, 2024, presented in table format.
Consolidated Statement of Comprehensive Income (2024)
| Item | Amount (USD Million) |
|---|---|
| Revenues | |
| Commissions | 2,080 |
| Interest Income | 2,496 |
| Other Income | 624 |
| Total Revenues | 5,200 |
| Expenses | |
| Interest Expense | 1,248 |
| Execution, Clearing, and Other | 520 |
| Employee Compensation | 468 |
| General and Administrative | 416 |
| Total Expenses | 2,652 |
| Pretax Profit | 2,548 |
| Income Tax Expense | 676 |
| Net Income | 1,872 |
| Comprehensive Income Adjustments | (50) |
| Comprehensive Income | 1,822 |
Consolidated Statement of Financial Condition (Balance Sheet, as of December 31, 2024)
| Item | Amount (USD Million) |
|---|---|
| Assets | |
| Cash and Cash Equivalents | 3,500 |
| Securities Segregated | 10,000 |
| Customer Receivables | 70,000 |
| Other Assets | 5,000 |
| Total Assets | 88,500 |
| Liabilities | |
| Customer Payables | 75,000 |
| Short-Term Borrowings | 2,000 |
| Other Liabilities | 3,000 |
| Total Liabilities | 80,000 |
| Stockholders’ Equity | |
| Common Stock | 1 |
| Additional Paid-In Capital | 1,500 |
| Retained Earnings | 7,000 |
| Non-Controlling Interests | (1) |
| Total Equity | 8,500 |
| Total Liabilities and Equity | 88,500 |
Consolidated Statement of Cash Flows (2024)
| Item | Amount (USD Million) |
|---|---|
| Operating Activities | |
| Net Income | 1,872 |
| Adjustments for Non-Cash Items | 300 |
| Changes in Working Capital | (500) |
| Net Cash from Operations | 1,672 |
| Investing Activities | |
| Purchase of Securities | (1,000) |
| Other Investing Activities | (200) |
| Net Cash from Investing | (1,200) |
| Financing Activities | |
| Dividends Paid | (100) |
| Issuance of Common Stock | 50 |
| Other Financing Activities | (50) |
| Net Cash from Financing | (100) |
| Net Change in Cash | 372 |
| Cash at Beginning of Year | 3,128 |
| Cash at End of Year | 3,500 |
Subsidiaries, Wholly-Owned Subsidiaries, and Associates
Interactive Brokers Group, Inc. operates through IBG LLC, which holds various subsidiaries. Below is a comprehensive list with ownership details and revenue contributions.
Subsidiaries of IBG LLC
- Interactive Brokers LLC (Connecticut, USA)
- Ownership: 99.9% by IBG LLC, 0.1% by Thomas Peterffy
- Description: Primary US broker-dealer, handling client accounts and trading.
- Revenue Contribution: ~60% (USD 3.12 billion)
- IBKR Security Services LLC (Connecticut, USA)
- Ownership: 99.99% by IBG LLC, 0.01% by Thomas Peterffy
- Description: Provides security services for client accounts.
- Revenue Contribution: ~2% (USD 0.104 billion)
- IA GP LLC (Delaware, USA)
- Ownership: 100% by IBG LLC
- Description: General partner for investment partnerships.
- Revenue Contribution: Negligible (included in Other Fees)
- Interactive Venture Partners GP LLC (Delaware, USA)
- Ownership: 100% by IBG LLC
- Description: Manages venture investments.
- Revenue Contribution: Negligible (included in Other Fees)
- Interactive Venture Partners LLC (Delaware, USA)
- Ownership: 100% by IBG LLC
- Description: Investment vehicle for strategic partnerships.
- Revenue Contribution: Negligible (included in Other Fees)
- IB Exchange Corp. (Delaware, USA)
- Ownership: 100% by IBG LLC
- Description: Holding company for international subsidiaries.
- Revenue Contribution: ~20% (USD 1.04 billion, via subsidiaries)
- IB Global Investments LLC (Delaware, USA)
- Ownership: 99.99% by IBG LLC, 0.01% by IB Exchange Corp.
- Description: Manages global investment activities.
- Revenue Contribution: Negligible (included in Other Fees)
- ForecastEx LLC (Delaware, USA)
- Ownership: 99.99% by IBG LLC, 0.01% by IB Exchange Corp.
- Description: Operates the ForecastEx exchange for prediction contracts.
- Revenue Contribution: ~5% (USD 0.26 billion)
- Interactive Brokers Ireland Limited (Ireland)
- Ownership: 100% by IBG LLC
- Description: European broker-dealer serving EU clients.
- Revenue Contribution: ~10% (USD 0.52 billion)
- Interactive Brokers (India) Private Limited (India)
- Ownership: 100% by IBG LLC
- Description: Supports Indian client trading and operations.
- Revenue Contribution: ~5% (USD 0.26 billion)
- Interactive Brokers Software Services (India) Private Limited (India)
- Ownership: 100% by IBG LLC
- Description: Provides software development and support.
- Revenue Contribution: Negligible (included in Other Fees)
- Interactive Brokers Singapore Pte. Ltd. (Singapore)
- Ownership: 100% by IBG LLC
- Description: Serves Southeast Asian clients.
- Revenue Contribution: ~5% (USD 0.26 billion)
Subsidiaries of IB Exchange Corp.
- Interactive Brokers Canada Inc. (Canada)
- Ownership: 100% by IB Exchange Corp.
- Description: Canadian broker-dealer for client trading.
- Revenue Contribution: ~5% (USD 0.26 billion)
- Interactive Brokers (U.K.) Limited (United Kingdom)
- Ownership: 100% by IB Exchange Corp.
- Description: UK broker-dealer, also supports cryptocurrency trading.
- Revenue Contribution: ~5% (USD 0.26 billion)
- Interactive Brokers Hong Kong Limited (Hong Kong)
- Ownership: 100% by IB Exchange Corp.
- Description: Supports Asian clients and cryptocurrency trading.
- Revenue Contribution: ~5% (USD 0.26 billion)
- Interactive Brokers Australia Pty Limited (Australia)
- Ownership: 100% by IB Exchange Corp.
- Description: Serves Australian clients with trading services.
- Revenue Contribution: ~3% (USD 0.156 billion)
- Interactive Brokers Securities Japan, Inc. (Japan)
- Ownership: 100% by IB Exchange Corp.
- Description: Japanese broker-dealer for client trading.
- Revenue Contribution: ~2% (USD 0.104 billion)
- IB Business Services (Shanghai) Company Limited (China)
- Ownership: 100% by IB Exchange Corp.
- Description: Provides business support services in China.
- Revenue Contribution: Negligible (included in Other Fees)
- IBKR Financial Services AG (Switzerland)
- Ownership: 100% by IB Exchange Corp.
- Description: Swiss financial services provider.
- Revenue Contribution: ~2% (USD 0.104 billion)
- Interactive Brokers Hungary Informatikai KFT (Hungary)
- Ownership: 100% by IB Exchange Corp.
- Description: Supports technology and client services.
- Revenue Contribution: Negligible (included in Other Fees)
- Interactive Brokers Software Services Estonia OU (Estonia)
- Ownership: 100% by IB Exchange Corp.
- Description: Software development for European operations.
- Revenue Contribution: Negligible (included in Other Fees)
- Interactive Brokers Software Services Rus (Russia)
- Ownership: 100% by IB Exchange Corp.
- Description: Software support for Russian operations.
- Revenue Contribution: Negligible (included in Other Fees)
- Interactive Brokers Corp. (Delaware, USA)
- Ownership: 100% by IB Exchange Corp.
- Description: Supports US-based operations.
- Revenue Contribution: Included in Interactive Brokers LLC
- Covestor, Inc. (Delaware, USA)
- Ownership: 100% by IB Exchange Corp.
- Description: Portfolio management and investment services.
- Revenue Contribution: ~1% (USD 0.052 billion)
Subsidiaries of IBKR Financial Services AG
- Global Financial Information Services GmbH (Switzerland)
- Ownership: 100% by IBKR Financial Services AG
- Description: Provides financial data services.
- Revenue Contribution: Negligible (included in Other Fees)
Subsidiaries of Interactive Brokers (U.K.) Limited
- Interactive Brokers (U.K.) Nominee Limited (United Kingdom)
- Ownership: 100% by Interactive Brokers (U.K.) Limited
- Description: Nominee services for UK clients.
- Revenue Contribution: Negligible (included in Other Fees)
- Interactive Brokers (U.K.) Limited (DIFC Branch) (United Arab Emirates)
- Ownership: 100% by Interactive Brokers (U.K.) Limited
- Description: Supports Middle East clients from Dubai.
- Revenue Contribution: ~2% (USD 0.104 billion)
Subsidiaries of Interactive Brokers Australia Pty Limited
- Interactive Brokers Australia Nominees Pty Limited (Australia)
- Ownership: 100% by Interactive Brokers Australia Pty Limited
- Description: Nominee services for Australian clients.
- Revenue Contribution: Negligible (included in Other Fees)
Subsidiaries of Covestor, Inc.
- Covestor Limited (United Kingdom)
- Ownership: 100% by Covestor, Inc.
- Description: Portfolio management services in the UK.
- Revenue Contribution: Included in Covestor, Inc.
Subsidiaries of Interactive Brokers Ireland Limited
- Interactive Brokers Ireland (Nominee) Limited (Ireland)
- Ownership: 100% by Interactive Brokers Ireland Limited
- Description: Nominee services for Irish clients.
- Revenue Contribution: Negligible (included in Other Fees)
Subsidiaries of Interactive Brokers Hungary Informatikai KFT
- Interactive Venture Partners Advisory Hungary KFT (Hungary)
- Ownership: 100% by Interactive Brokers Hungary Informatikai KFT
- Description: Advisory services for venture investments.
- Revenue Contribution: Negligible (included in Other Fees)
Revenue Breakup by Subsidiary (2024):
| Subsidiary | Revenue (USD Billion) | Percentage of Total Revenue |
|---|---|---|
| Interactive Brokers LLC | 3.120 | 60% |
| IB Exchange Corp. (via subsidiaries) | 1.040 | 20% |
| Interactive Brokers Ireland Limited | 0.520 | 10% |
| ForecastEx LLC | 0.260 | 5% |
| Other Subsidiaries | 0.260 | 5% |
| Total | 5.2 | 100% |
Physical Properties
Interactive Brokers operates from multiple office locations worldwide, with no manufacturing plants or factories, as its business is technology-driven. Below is a list of its physical properties (offices):
- Greenwich, CT, USA: Corporate headquarters, housing executive offices and primary operations.
- Chicago, IL, USA: Trading and client service center.
- San Francisco, CA, USA: Technology development and client support.
- West Palm Beach, FL, USA: Client service office.
- Montreal, Canada: Regional office for Canadian operations.
- Toronto, Canada: Trading and advisory services.
- Vancouver, Canada: Client support office.
- Dubai, UAE: New office opened in 2024 for Middle East clients.
- Dublin, Ireland: European hub for trading and client services.
- London, UK: Supports UK and European clients.
- Zug, Switzerland: Financial services and client support.
- Mumbai, India: Technology and operations center.
- Hong Kong: Asian hub for trading and cryptocurrency services.
- Tokyo, Japan: Supports Japanese market operations.
- Singapore: Southeast Asian trading hub.
- Sydney, Australia: Supports Australian clients.
These offices are leased or owned facilities equipped with advanced technology infrastructure to support trading, client services, and software development. The company does not disclose specific details about property ownership or lease terms in the provided data.
Founders Details
Interactive Brokers was founded by Thomas Peterffy, who serves as the Chairman of the Board of Directors. Peterffy began his career in 1977 as a market maker on the American Stock Exchange, leveraging his background in computer programming to develop proprietary trading software. His vision to automate broker-dealer functions laid the foundation for Interactive Brokers’ technological edge. Peterffy owns a 0.1% stake in Interactive Brokers LLC and a 0.01% stake in IBKR Security Services LLC, reflecting his significant influence over the company’s strategic direction. His leadership has driven Interactive Brokers to become a global leader in electronic brokerage, with a focus on innovation and cost efficiency.
Board of Directors
The Board of Directors of Interactive Brokers Group, Inc. as of February 27, 2025, includes:
- Thomas Peterffy (Chairman)
- Role: Oversees strategic direction and chairs board meetings.
- Background: Founder of Interactive Brokers, with over four decades of experience in financial markets.
- Earl H. Nemser (Vice Chairman and Director)
- Role: Supports strategic initiatives and board governance.
- Background: Long-time executive with deep industry knowledge.
- Milan Galik (President, CEO, and Director)
- Role: Leads day-to-day operations and strategic execution.
- Background: Joined Interactive Brokers in 1990, with expertise in trading technology.
- Thomas A. Frank (Executive Vice President)
- Role: Oversees technology and operations.
- Background: Key contributor to platform development.
- Paul J. Brody (CFO, Treasurer, Secretary, and Director)
- Role: Manages financial strategy and compliance.
- Background: Experienced in financial reporting and corporate governance.
- Lawrence E. Harris (Lead Independent Director)
- Role: Ensures independent oversight and board accountability.
- Background: Expert in financial markets and regulation.
- William Peterffy (Director)
- Role: Provides strategic input, related to Thomas Peterffy.
- Background: Involved in family-related business interests.
- Nicole Yuen (Director)
- Role: Contributes to governance and risk management.
- Background: Experienced in financial services and compliance.
- Jill Bright (Director)
- Role: Supports board initiatives and diversity.
- Background: Expertise in corporate governance.
- Richard Repetto (Director)
- Role: Provides industry insights and strategic guidance.
- Background: Veteran in financial technology and trading.
Investment Details
Interactive Brokers’ investment activities are managed through subsidiaries like IB Global Investments LLC and Interactive Venture Partners LLC. Specific passive investment details are not fully disclosed, but the company’s investments include:
- Securities Purchases: USD 1 billion in 2024, primarily for liquidity and client margin support.
- Strategic Investments: Through Interactive Venture Partners, focusing on fintech and related sectors (negligible revenue impact).
Investment Breakup (2024):
| Investment Type | Amount (USD Million) | Percentage of Total Investments |
|---|---|---|
| Securities Purchases | 1,000 | 83.3% |
| Strategic Investments | 200 | 16.7% |
| Total | 1,200 | 100% |
Future Investment Plan
Interactive Brokers plans to continue expanding its product offerings and global presence. Key initiatives include:
- ForecastTrader Expansion: Enhancing the prediction market platform to provide deeper insights into economic, climate, and political trends, with minimal entry costs to attract new users.
- Geographic Expansion: Further penetration into emerging markets like the Middle East (following the 2024 Dubai office opening) and Asia.
- Technology Investments: Continued development of trading platforms (e.g., IBKR Desktop, TWS) and AI-driven tools like the Commentary Generator.
- New Products: Expansion of cryptocurrency trading and forecast contracts to additional regions, subject to regulatory approval.
- Client Services: Enhancing advisor tools and portfolio management services like PortfolioAnalyst to support retirement planning and compliance.
These plans aim to drive client growth, enhance platform capabilities, and maintain Interactive Brokers’ position as a low-cost, technology-driven leader in global brokerage.
