Interactive Brokers Group, Inc. Our mission remains unchanged:. Compete on price, speed, size, diversity of global products and advanced trading tools. In its broker dealer agency business, IB provides direct access "on line" trade execution and clearing services to institutional and professional traders for a wide variety of electronically traded products including stocks, options, futures, forex, bonds, CFDs and funds worldwide.
Interactive Brokers Group and its affiliates execute nearly 1,, trades per day. About the Interactive Brokers Group. Our mission remains unchanged: The firm is the first to use computer generated fair value sheets printed daily. Traders receive telephone instructions identifying pairs and prices. Their ability to track positions and continually re-price options on one stock quickly gives Timber Hill traders an advantage over their counterparts at the exchange, who continue to use fair value pricing sheets that are updated only once or twice a day.
Timber Hill begins trading at the Philadelphia Stock Exchange. Timber Hill expands to 12 employees. The system allows Timber Hill to centrally price and manage risk on a portfolio of equity derivatives traded in multiple locations around the country. The trading system is reprogrammed to operate on a network of SUN workstations. The stock market crash creates the impetus for cross margining between clearing houses with Timber Hill as a major proponent. Cross-margining emerges several years later.
Timber Hill expands to 67 employees. This is Timber Hill's first application of its trading system on a fully automated exchange. Timber Hill expands to employees. In the United States, Timber Hill floor traders begin using commercially available handheld computers on the exchange floors, communicating by radio with the firm's central pricing systems.
The hand-helds allow traders to create electronic trade tickets. Timber Hill UK Limited is incorporated. Timber Hill Hong Kong Limited is incorporated. IB LLC creates a customer workstation, through which professional customers gain access to exchanges around the world. IB LLC executes its first trades for public customers. Timber Hill Hong Kong is the only committed market maker.
The Timber Hill Group now makes bids and offers for 60, items. Timber Hill Canada Company is formed. IB begins to clear online trades for customers trading stocks and equity derivatives through the IB system. The group's combined electronic brokerage and market making firms' volume now exceeds , trades per day. Timber Hill begins electronic market making in Japan. Interactive Brokers provides customers with an IB Universal Account SM that allows trading of stocks, options, futures, and exchange traded funds around the world from a single account.
Interactive Brokers gives Financial Advisors the ability to open separately managed Accounts to manage money for multiple clients. Application Program Interface API introduced which gives customers and third-party developers the ability to directly integrate with the IB trading system.
MobileTrader launched which gives IB customers the ability to trade anywhere. Our Intermarket Spread Router searches across all exchanges for the best price on each individual leg of a spread order. We upgraded our account management platform to include a new release of our Trader Workstation, real time charts, scanners, fundamental analytics, BookTrader, OptionTrader, and Advisor account allocations.
Interactive Brokers leaps ahead of the industry by being the first to offer penny-priced options. The members of LLC have the right to sell an additional Please refer to the chart at the bottom of the page for our new ownership structure. A real-time Portfolio Margin platform is introduced allowing customers trading multiple asset classes to increase their leverage with greater safety.
Exchange for Physicals are launched providing customers with a market determined AAA rated financing alternative to randomly set broker rates. The Transaction Auditing Group, a third-party provider of audit services, determines that Interactive Brokers' customer equity options orders were improved A complete family of trading algorithms was introduced to the Trader Workstation including an industry first, the Accumulate-Distribute Algo which allows traders to take advantage of a temporary lack of liquidity.
The free iTWS trading app for the iPhone TM is launched for customers and provides free utilities for non-customers as well, including real-time forex quotes, email price alerts, and exchange-delayed market data, charts and scanners. Interactive Brokers releases the Portfolio Analyst, an online tool that allows investors to evaluate the performance of their portfolio and measure their performance against over 80 popular benchmarks.
IB integrates IB FYI automated portfolio-relevant notifications into the TWS, providing guidance such as shares becoming available for borrowing and options that make sense to exercise. IB launches the Traders' Insight , a blog tool, providing market insight directly from global market participants to the trading and investing public.
IB introduces the Transaction Cost Analysis TCA reporting tool to help customers evaluate execution performance and optimize execution strategies. IB becomes an exchange participant in the groundbreaking Shanghai-Hong Kong Stock Connect program, allowing our Hong Kong and international clients to trade designated securities on the Shanghai Stock Exchange.
IB introduces additional resources for advisors, including CRM Customer Relationship Management , a fully-integrated system where advisors manage their entire customer relationship life cycle in one place; and the RIA Compliance Center, an important resource for advisors starting and registering their own advisory firms. IB acquires Boston-based Covestor, an online investing marketplace and digital asset management company.
IB releases the Portfolio Builder trading tool in TWS, allowing traders to create an investment strategy driven by top-tier research and fundamentals data, then back-test and adjust as needed.
Greenwich Compliance , a new resource to help experienced investors and traders looking to start their own investment advisor firms meet their registration and compliance needs. IB releases IBot, a text-based trading interface that accepts text commands entered in plain English and responds quickly with the requested data or action, allowing traders to complete key TWS trading tasks all in one place.
IB becomes an exchange participant in the groundbreaking Shenzhen-Hong Kong Stock Connect program, allowing our clients around the world to trade designated securities on the Shenzhen Stock Exchange. Plans are made to restructure the operation and to identify price anomalies in several securities at the same time.
Efforts are made to code and test a system that identifies potential delta neutral trade pairs. Timber Hill creates the first handheld computers used for trading. Timber Hill begins coding a computerized stock index futures and options trading system. In February, Timber Hill's new computer system and network is brought online, ushering in a new era of computerized trading. Timber Hill becomes a clearing member at the CME. Timber Hill France S. Timber Hill doubles the number of underlying stocks that it trades to more than The Hong Kong Futures Exchange lists stock index futures on an electronic market.
IB provides a "smart routing" linkage for multiple listed equity options. IB is ranked the 1 software based broker, and 1 for lowest trade cost by Barron's. The IB Options Intelligent Report is launched to focus investors' attention on unusual concentration of trading interests and changing levels of uncertainty in the option markets. The IB Risk Navigator SM is launched, a real-time market risk management platform for customers, providing unified risk data across multiple asset classes around the globe.
According to Barron's Magazine, Interactive Brokers maintains its position as "the least expensive trading venue for investors," and holds the ranking as the 1 Lowest Cost Broker for the fifth straight year.
Enhanced support for bond trading is added to the Trader Workstation, including a more powerful US Corporate Bonds scanner and support for trading municipal bonds. IB begins publishing our "Simple Monthly Cost of Execution" comparing our all-in execution cost to the daily VWAP value for all customer executions, and encourages the SEC to consider requiring all broker-dealers conducting customer business to supplement their existing Rule routing reports with these simple monthly statistics.
IB launches the Investors' Marketplace, an online service where traders and investors, advisors, fund managers, research analysts, technology providers, business developers and administrators can meet and do business together.More...