Interactive Brokers Central Europe to Serve Investors and Wealth Managers in Rapidly Growing Region
GREENWICH, Conn.-Tuesday 15 December 2020 [ AETOS Wire ]
(BUSINESS
WIRE) -- Interactive Brokers Group (Nasdaq: IBKR), a global brokerage
firm, today announced the creation of Interactive Brokers Central Europe
Zrt., (IBCE) and the opening of an office in Budapest. With the
addition of Hungary, the global brokerage firm now has ten entities
around the globe in the US, Australia, Canada, Hong Kong, India, Japan,
Luxembourg, Singapore, and the UK, serving over one million client
accounts in more than 220 countries and territories.
“Establishing
an office in Hungary is part of our continuing trend of opening
entities around the world to support our growing global presence,” said
Thomas Peterffy, chairman of Interactive Brokers. “We plan to make
Budapest the center of our operations for Central Europe to keep pace
with account growth, which has been rapid in both Western and Eastern
Europe and around the world.”
Over a quarter of Interactive
Brokers accounts now come from Europe and Africa, and growth has been
robust. As of November 30th, client accounts worldwide had grown 52%
from the prior year, with over 80% of the expansion coming from outside
of the United States.
Interactive Brokers offers clients
worldwide the ability to invest in stocks, options, futures, currencies,
bonds, and funds on 135 markets in 33 countries from a single
Integrated Investment Account. Clients can also benefit from the
company’s superior pricing, industry-low margin rates, tight forex
conversion pricing, and advanced technology. The company is also well
known for providing a wide range of free educational resources to the
public.
“We look forward to spreading knowledge and understanding
of capital markets among our future clients all across Central Europe,”
Mr. Peterffy said.
Founded over 43 years ago by Mr. Peterffy,
who emigrated from Hungary to the United States in 1965, the company has
grown to become one of the preeminent securities firms in the world
with over $8.5 billion in equity capital, $23 billion market capital,
and $286.7 billion in client equity.
In addition to four decades
of experience with US regulations and approximately two decades with UK
regulations, Interactive Brokers has also secured brokerage licenses in
Canada, Hong Kong, Japan, Australia, India, Luxembourg, and obtained a
license in Singapore this year. Magyar Nemzeti Bank, Hungary’s Central
Bank, approved the brokerage license for Interactive Brokers Central
Europe Zrt. on December 12, 2020. Miklos Hanti serves as CEO for IBCE.
About Interactive Brokers Group, Inc.:
Interactive
Brokers Group affiliates provide automated trade execution and custody
of securities, commodities, and foreign exchange around the clock on
over 135 markets in numerous countries and currencies, from a single
IBKR Integrated Investment Account to clients worldwide. We service
individual investors, hedge funds, proprietary trading groups, financial
advisors and introducing brokers. Our four decades of focus on
technology and automation has enabled us to equip our clients with a
uniquely sophisticated platform to manage their investment portfolios.
We strive to provide our clients with advantageous execution prices and
trading, risk and portfolio management tools, research facilities and
investment products, all at low or no cost, positioning them to achieve
superior returns on investments. Barron’s ranked Interactive Brokers #1
with 5 out of 5 stars in its February 24, 2020, Best Online Broker
Review.
View source version on businesswire.com: https://www.businesswire.com/news/home/20201214005711/en/
Contacts
Interactive Brokers Group, Inc.
Investors: Nancy Stuebe, 203-618-4070
Media: Kalen Holliday, 203-618-4069 or media@ibkr.com
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