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Interactive Brokers pays its clients 2.58% on their cash balances. And if the Federal Reserve raises rates again by 75 basis points, then their rate will also rise by 75 basis points to 3.33%
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2022 Q3
25 Oct 22
Individual account growth was fastest at 38%, followed by proprietary traders at 28%, introducing brokers at 20%, financial advisers at 14% and hedge funds at 13%.
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2022 Q3
25 Oct 22
Another welcome development during the quarter was the growth of our bond platform.
For many years, this platform has been growing very slowly, recording about 1,000 trades a day. Suddenly, with more active bond market volumes, this now reaches 3,000 transactions a day.
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2022 Q3
25 Oct 22
IBKR is now the sixth largest provider of prime brokerage services by number of funds, and we feel fairly confident about moving to the number four in the current year, right behind Morgan Stanley, Goldman and JPMorgan.
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2022 Q3
25 Oct 22
for the past three consecutive years, the number of hedge funds on our platform has grown faster than at any other leading banker broker
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2022 Q3
25 Oct 22
Hedge funds and proprietary trading accounts are less affected by the direction of the markets and are therefore our emphasis has turned more in their direction lately.
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2022 Q3
25 Oct 22
An average hedge fund account generates 67 times as much revenue as an average individual account, and for prop trading accounts, the small supplier is around 10 times.
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2022 Q3
25 Oct 22
very few retail clients feel any urge to open new brokerage accounts. This has a large and unfavorable implication for the growth of our business and we expect this to continue into the early part of next year
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2022 Q3
25 Oct 22