Direct market access to stocks, options, futures, forex, bonds, and ETFs
Services
Online brokerage, direct-access trading
Revenue
US$4.340 billion (2023)
Operating income
US$3.069 billion (2023)
Net income
US$2.812 billion (2023)
Total assets
US$128.4 billion (2023)
Total equity
US$3.584 billion (2023)
Number of employees
2,932 (2023)
Parent
Interactive Brokers Group
Website
Official website
Footnotes / references [1]
Interactive Brokers LLC (IB) is an American multinational brokerage firm. It operates the largest electronic trading platform in the United States by number of daily average revenue trades. The company brokers stocks, options, futures, EFPs, futures options, forex, bonds, funds, and some cryptocurrencies.
The company is headquartered in Greenwich, Connecticut and has offices in four cities. It is the largest subsidiary of the brokerage group Interactive Brokers Group, Inc., which was founded by Chairman Thomas Peterffy, an early innovator in computer-assisted trading. The company is a provider of fully disclosed, omnibus, and non-disclosed broker accounts[nb 1] and provides correspondent clearing services to 200 introducing brokers worldwide, as of 2014. As of February 2022[update], the company serves 1.76 million customers, with US$348.5 billion in customer equity. Interactive Brokers Group owned 40 percent of the now-closed futures exchange OneChicago,[3] and it is an equity partner and founder of the Boston Options Exchange.
The original organization was first created as a market maker in 1977 under the name T.P. & Co., and was renamed Timber Hill Inc. in 1982. It became the first to use fair value pricing sheets on an exchange trading floor in 1979, and the first to use handheld computers for trading, in 1983. In 1987, Peterffy also created the first fully automated algorithmic trading system, to automatically create and submit orders to a market. Between 1993 and 1994, the corporate group Interactive Brokers Group was created, and the subsidiary Interactive Brokers LLC was created to control its electronic brokerage, and to keep it separate from Timber Hill, which conducts market making. In 2014, Interactive Brokers became the first online broker to offer direct access to IEX, a private forum for trading securities. As of 2021[update], about 23.5 percent of the company is publicly held, while the remainder is held by employees and their affiliates; Thomas Peterffy is the largest shareholder.
^Cite error: The named reference FY2023 was invoked but never defined (see the help page).
^Cite error: The named reference Disclosed was invoked but never defined (see the help page).
^Moyer, Liz. "The Wallendas Hit Wall Street". Forbes. Retrieved November 15, 2022.
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Global Information
US$4.340 billion (2023)