In January 2022 Interactive Brokers Group, Inc. (IBKR) has completed its 45th year as a broker/dealer with consolidated equity capital of more than $10.60 billion.
Create technology to provide liquidity on better terms. Compete on price, speed, size, diversity of global products and advanced trading tools.
Interactive Brokers LLC is rated investment grade by Standard & Poor’s.
Now in its 46th year, Interactive Brokers is one of the premier securities firms, with over 10.9 billion in equity capital.
IBKR conducts its broker/dealer business on over 150 market destinations worldwide. In its broker dealer agency business, IBKR provides direct access (“online”) trade execution and clearing services to institutional and professional traders for a wide variety of electronically traded products including stocks, options, futures, currencies, bonds, gold, crypto* and funds worldwide. Interactive Brokers Group and its affiliates execute approximately 1,952,000 trades per day.
Interactive Brokers is headquartered in Greenwich, Connecticut and has 2,650+ employees in its offices in the USA, Canada, the United Kingdom, Ireland, Switzerland, Hungary, India, China (Hong Kong and Shanghai), Japan, Singapore, and Australia. IBKR is regulated by the SEC, FINRA, NYSE, FCA and other regulatory agencies around the world.
Thomas Peterffy (now Chairman of the Interactive Brokers (IBKR) Group) buys a seat on the American Stock Exchange (AMEX) and becomes a member, trading as an individual market maker in equity options.
T.P. & Co. expands to four employees, three of whom are AMEX members.
Efforts are made to code and test a system that identifies potential delta-neutral trade pairs. Our greatest challenge: how to electronically read the prices of options as they are posted.
Timber Hill creates the first handheld computers used for trading. 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.
In February, Timber Hill's new computer system and network is brought online, ushering in a new era of computerized trading. The system allows Timber Hill to centrally price and manage risk on a portfolio of equity derivatives traded in multiple locations around the country.
We install stacks of computer screens on the exchange floors at strategic locations. They are connected to our computer systems in our offices. The screens include color-coded strips so traders can easily see the firm's bids and offers. The screens also take touch input so that completed trades can be entered.
Timber Hill becomes a member of the New York Futures Exchange.
Timber Hill begins trading at the Chicago Mercantile Exchange (CME), the Chicago Board of Trade and the Chicago Board Options Exchange.
Timber Hill becomes self-clearing in equities, joining the National Securities Clearing Corp. and the Depository Trust Company.
The stock market crash creates the impetus for cross-margining between clearing houses with Timber Hill as a major proponent, as Peterffy is a member of the Board of the Options Clearing Corporation. (Cross-margining emerges several years later).
Timber Hill expands to 67 employees, most of them on exchange floors, trading with color-striped screens.
Timber Hill establishes a fully automated trading system where its computers trade directly with NASDAQ's Central Matching computer without any human intervention other than NASDAQ traders and brokers. The first automated trader on Wall Street. When NASDAQ orders Timber Hill to operate through the keyboard, Timber Hill builds a computer-driven mechanical system that punches keys on the keyboard.
Timber Hill becomes a clearing member at the CME.
Timber Hill expands European trading to the Swiss Options and Financial Futures Exchange (SOFFEX), another fully automated exchange.
Timber Hill expands to 142 employees.
Timber Hill Europe begins trading at the European Options Exchange in the Netherlands, the OM Exchange in Sweden (an electronic exchange) and the London International Financial Futures and Options Exchange (LIFFE) in the U.K.
Timber Hill Deutschland becomes a member of the electronic Belgian Futures and Options Exchange.
IB LLC becomes a member of the NYSE and begins executing stock trades through SuperDot, the electronic order routing system.
IB LLC is regularly named one of NYSE’s top ten program traders.
Timber Hill UK Limited is incorporated. Shortly thereafter, Timber Hill UK takes over Timber Hill's trading at LIFFE.
Timber Hill Hong Kong Limited is incorporated.
The Timber Hill Group LLC is formed as the holding company for all of Timber Hill's operating companies.
Timber Hill doubles the number of underlying stocks that it trades to more than 800.
Timber Hill Securities Hong Kong Limited is incorporated and begins trading at the Stock Exchange of Hong Kong.
Timber Hill secures permission to hang large electronic screens showing the firm’s option quotes on the floor of the CBOE, in exchange for providing continuous, minimum-guaranteed liquidity.
IB LLC begins to clear online trades of S&P futures for retail clients connected directly to Globex.
Timber Hill Canada Company is formed.
On average, more than six percent of the daily global volume of exchange-traded equity options and equity futures is now traded across the Timber Hill/IB network.
In the course of the year, IB LLC's client base increases by nearly 500%.
Timber Hill becomes a Primary Market Maker on the ISE (International Securities Exchange), the first fully electronic US options exchange. Timber Hill guarantees continuous electronic liquidity and reaches over 50% of the volume on the exchange. The electronic exchange that everyone said would fail in the US is a spectacular success.
Interactive Brokers Limited (U.K.) is formed.
Interactive Brokers (IBKR), the Bourse de Montreal and the Boston Stock Exchange announce the formation of a partnership to create the Boston Options Exchange (BOX).
Timber Hill begins electronic market making in Japan.
Interactive Brokers provides clients with an Integrated Investment Management Account that allows trading of stocks, options, futures and exchange-traded funds around the world from a single account.
Interactive Brokers allows Financial Advisors to open Separately Managed Accounts to manage money for multiple clients.
Application Program Interface (API) introduced, giving clients and third-party developers the ability to directly integrate with the IBKR trading system.
MobileTrader launched, giving IBKR clients the ability to trade anywhere.
Timber Hill becomes the major market maker for the newly introduced US Single Stock Futures.
Interactive Brokers introduces Direct Access Bond Trading, Institutional FOREX, Singapore Futures, German Warrants, French and Dutch stocks and options, CBOE Futures and trading on the Frankfurt/Stuttgart exchanges. Our Intermarket Spread Router searches across all exchanges for the best price on each leg of a spread order. IBKR upgrades its account management platform to include a new release of Trader Workstation, real-time charts, scanners, fundamental analytics, BookTrader, OptionTrader and advisor account allocations.
Standard and Poor's issues an investment grade rating for Interactive Brokers Group LLC. For more information on Standard & Poor's, visit: http://www.standardandpoors.com.
The IB Options Intelligence Report is launched to focus investors' attention on unusual concentrations of trading interests and changing levels of uncertainty in the options markets.
The Interactive Brokers Group takes stakes in OneChicago, the ISE Stock Exchange and the CBOE Stock Exchange in its efforts to further innovation in the trading industry.
Interactive Brokers leaps ahead of the industry by being the first to offer penny-priced options.
The IB Risk NavigatorSM is launched, a real-time market risk management platform for clients that provides unified risk data across multiple asset classes around the globe.
Interactive Brokers adds Mexican stocks/options/futures, Spanish stocks, US Treasury bonds/bills/notes, and US no load mutual funds to its suite of trading products.
A complete family of trading algorithms is introduced to the Trader Workstation, including the Accumulate-Distribute Algo, an industry first that allows traders to take advantage of a temporary lack of liquidity.
Enhanced support for bond trading is added to Trader Workstation, including a more powerful US Corporate Bonds scanner and support for trading municipal bonds.
IB LLC is awarded a stand-alone rating of "A-/A-2; Outlook Stable" by Standard and Poor's based on its solid financial profile.
2010 TAG statistics show that IBKR continues to top the industry in US stock and options price improvement.
Interactive Brokers pays a special cash dividend of $1.79 per share, amounting to approximately $1 billion pretax, and still has consolidated equity capital in excess of $4 billion.
Interactive Brokers pays a special cash dividend of $1.00 per share, amounting to approximately $409 million pretax, and still has consolidated equity capital in excess of $4 billion.
IBKR begins offering wealth manager and money manager advisor accounts and opens the fully- electronic Money Manager Marketplace.
IBKR launches the TWS Mosaic trading interface and Tax Optimizer for managing capital gains/losses.
IBKR takes first place in Barron's annual Best Online Brokers review, receiving four-and-a-half out of five stars as the Best Online Broker overall.
IBKR begins publishing "Simple Monthly Cost of Execution" data and comparing the firm’s all-in execution cost to the daily VWAP value for all client executions. The company encourages the SEC to consider requiring all broker-dealers conducting client business to supplement their existing Rule 606 routing reports with these simple monthly statistics.
IBKR introduces the Transaction Cost Analysis (TCA) reporting tool to help clients evaluate execution performance and optimize execution strategies.
For the third year in a row, IBKR is ranked number one and named Best Online Broker overall in Barron's annual Best Online Brokers review.
IBKR 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.
IBKR introduces Greenwich Advisor Compliance Services Corp. (Greenwich Compliance), a new resource that helps experienced investors and traders looking to start their own investment advisory firms meet their registration and compliance needs.
IBKR 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.
IBKR becomes an exchange participant in the groundbreaking Shenzhen-Hong Kong Stock Connect program, allowing its clients around the world to trade designated securities on the Shenzhen Stock Exchange.
Once again, IBKR is named Best Online Broker in Barron's annual Best Online Brokers review.
IBKR launches Client Portal, a simple web-based experience that gives clients single-login access to trading, managing and monitoring IBKR Accounts.
IBKR introduces bill pay and direct deposit in the US. Clients can make electronic payments and issue checks to almost any company or individual in the United States, and receive automatic deposits from third parties.
IBKR creates a corporate bond trading desk to facilitate larger US and European corporate bond trades where electronic liquidity is insufficient.
Interactive Brokers surpasses one million client accounts.
Global expansion continues, with new IBKR offices established in Singapore, Ireland and Hungary.
Bonds Marketplace is launched to help investors find the best pricing on a wide range of fixed income products.
Mutual Fund marketplace is launched, providing access to more than 37,000 funds globally including more than 34,000 no load funds from over 380 fund families.
Impact Dashboard is introduced to help clients interested in sustainable investing align their investments with their values.
IBKR commits USD 5 million to assist Covid-19 relief efforts in the United States.
* Cryptocurrency trade execution and custody are provided by Paxos Trust Company to eligible clients of Interactive Brokers LLC.
** The 60% figure is as of January 1, 2014 and includes all funds that had been participating in the Program for at least three months