In January 2023, Interactive Brokers began its 46th year as a broker/dealer. We provide direct-access trade execution and clearing services to sophisticated investors, active traders and institutions and have a consolidated equity capital of $14.1 billion.1
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 $14.1 billion in equity capital.1
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 1,907,000 trades per day.1
In May 2023, Thomas Peterffy was the keynote speaker at the SIFMA meeting to commemorate the 50th anniversary of listed options trading. The speech chronicles his experiences in listed options trading and the founding of Timber Hill and Interactive Brokers. Read the Speech
Interactive Brokers is headquartered in Greenwich, Connecticut and has 2,900+ 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.
The first electronic options exchange in history opens in Germany.
Timber Hill agrees to make a continuous market on options in return for permission to communicate with the exchange electronically. Timber Hill connects its automated market making system, but though the exchange begins sending trade confirmations to a screen, it does not agree to digital.
Timber Hill must build a photo lens and optical recognition system to understand trades.
Timber Hill Deutschland GmbH is incorporated in Germany. Shortly thereafter, the firm begins trading equity derivatives at the Deutsche Terminborse (DTB) (now Eurex). This is the first application of Timber Hill’s trading system on a fully-automated exchange.
Timber Hill becomes one of the leading market makers at the DTB, with more than 10% of the trading volume.
Timber Hill Europe AG is incorporated in Switzerland and takes over the Group's trading at SOFFEX.
In the United States, Timber Hill floor traders begin using commercially available handheld computers on exchange floors, communicating by radio with the firm's Central pricing system. The handheld computers allow traders to create electronic trade tickets.
The CME grants the firm’s floor traders permission to use handheld computers in the trading pit, connected by radio waves. Timber Hill’s clients can now INTERACT with the world through the pit, its traders and its screens.
Interactive Brokers Inc. (now known as IB LLC) is incorporated as a US broker-dealer. Timber Hill's vast intercontinental electronic network and trade execution services are now available to clients.
Timber Hill France S.A. is incorporated and begins making markets at the Paris Traded Equity Options Market and the Marché à Terme International de France futures exchange.
Timber Hill Hong Kong begins making markets at the Hong Kong Futures Exchange.
Timber Hill Europe expands its activities into the Italian Mercato Italiano Futures and Spanish Meff Renta Variable markets.
IB LLC creates a workstation through which professional clients gain access to exchanges around the world.
IB LLC executes its first trades for public clients.
The Hong Kong Futures Exchange lists stock index futures on an electronic market. Timber Hill Hong Kong is the only committed market maker.
Timber Hill Australia Pty Limited is incorporated in Australia.
Timber Hill Europe begins trading in Norway and becomes a member of the Austrian Derivatives Exchange.
With continuous electronic liquidity provided by Timber Hill, the S&P 500 E-Mini futures becomes the first US electronic market and the most successful electronic futures contract ever introduced.
The Timber Hill Group now makes bids and offers for 60,000 items.
Timber Hill trades nearly 5% (15,000 transactions) of the daily volume in listed equity derivatives worldwide. The firm expands to 284 employees.
IBKR provides "smart routing" linkage for multiple listed equity options.
IBKR begins to clear online trades for clients who trade stocks and equity derivatives through the IB system.
IBKR becomes the first firm to offer online, direct-access brokerage services in Hong Kong to the HKFE.
The corporate name of The Timber Hill Group LLC is changed to the Interactive Brokers Group LLC.
The group's combined electronic brokerage and market making volume now exceeds 200,000 trades per day.
Standard & Poor's issues an investment grade rating to Timber Hill LLC. For more information on Standard & Poor's visit: http://www.standardandpoors.com.
The Interactive Brokers Group companies transact approximately 12% of the exchange-listed equity and index options worldwide.
Interactive Brokers expands execution and clearing services to include Canadian stocks, equity/index options and futures, Italian index options and futures, German equity options, Japanese index options and futures, Dutch index options and futures, UK equity options and Belgian index options and futures.
Barron's names IBKR the #1 software-based broker overall and #1 for lowest trade cost.
Institutional Investor ranks IBG as the 16th largest US securities firm.
The Interactive Brokers Group companies execute over 16% of the world's options in markets where they actively trade.
IDEALPRO is launched, providing traders with tight forex quotes from multiple bank dealers in a single quote montage.
On May 3rd Interactive Brokers Group, Inc. sells 40,000,000 shares in a public offering at $30.01 per share. The float represents approximately 10% interest in Interactive Brokers Group LLC. Members of the firm have the right to sell an additional 12.5% interest to the public in each of the following seven years. Please refer to the chart at the bottom of the page for the firm’s new ownership structure.
A real-time portfolio margin platform is introduced, allowing clients trading multiple asset classes to increase their leverage with greater safety.
Exchange for Physicals (EFP) are launched, providing clients with a market-determined, AAA-rated financing alternative to randomly set broker rates.
According to Barron's Magazine, Interactive Brokers maintains its position as "the least expensive trading venue for investors" and holds its ranking as the #1 Lowest Cost Broker for the fifth straight year.
The free iTWS trading app for the iPhoneTM is launched for clients. It also offers free utilities to non-clients, including real-time forex quotes, email price alerts and exchange-delayed market data, charts and scanners.
Interactive Brokers releases PortfolioAnalyst, an online tool that allows investors to evaluate the performance of their portfolios against over 80 popular benchmarks.
Interactive Brokers offers electronic market access via TWS to AQS®, the first automated, centrally- cleared electronic marketplace for Stock Borrow and Loan transactions.
Interactive Brokers now supports trading on over 80 different venues, including the National Stock Exchange of India (NSE) for both India residents and Non-Resident Indians (NRIs).
IBIS, Capital Introduction for hedge funds, Stock Yield Enhancement and mobileTWS for iPad are released.
Interactive Brokers becomes the largest online US broker as measured by Daily Average Revenue Trades Reported.
IBKR's Hedge Fund Capital Introduction ramps up with 60% of funds receiving at least one investment. For the year, funds report a 20%.** average rate of return.
IBKR releases the Probability Lab options trading tool in TWS, providing a revolutionary and practical way to think about options without complicated mathematics.
IBKR 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.
IBKR launches the Traders' Insight, providing market insight directly from global market participants to the trading and investing public.
For the second year in a row Barron's ranks IBKR Best Online Broker Overall in its annual Best Online Brokers review.
IBKR launches Investors' Marketplace, an online service where traders, investors, advisors, fund managers, research analysts, technology providers, business developers and administrators can meet and do business together.
IBKR introduces additional resources for advisors, including CRM (Client Relationship Management), a fully-integrated system where advisors manage the entire client relationship life cycle in one place, and the RIA Compliance Center, a resource for advisors starting and registering their own advisory firms.
For the fourth year in a row Barron's ranks IBKR Best Online Broker Overall in its annual Best Online Brokers review.
IBKR acquires Boston-based Covestor, an online investing marketplace and digital asset management company.
IBKR 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.
IBKR introduces the Interactive Brokers Debit Mastercard, which allows cardholders to spend and borrow directly against their Interactive Brokers account.
IBKR is among the first brokers to offer client access to Bitcoin futures trading on the Cboe Futures Exchange (CFE) and the CME.
IBKR introduces a new Order Management System (OMS) for Institutional clients at a groundbreaking low cost of $100 per seat per month.
Milan Galik is appointed Chief Executive Officer of Interactive Brokers Group, succeeding founder Thomas Peterffy. Mr. Peterffy remains as Chairman of the Board.
IBKR once again rated #1 – Best Online Broker by Barron's 2019.
Interactive Brokers launches IBKR Lite, a new offering that provides commission-free, unlimited trades on US exchange-listed stocks and ETFs.
IBKR adds the Tel Aviv Stock Exchange (TASE) and Moscow Exchange (MOEX) to its offering
IBKR broadens access to more expensive stocks and facilitates portfolio diversification by offering Fractional Share Trading and Cash Quantity stock orders.
IBKR introduces cryptocurrency trading through Paxos Trust Company.
IBKR launches US spot gold trading, allowing clients to trade in amounts as small as one ounce, side-by-side with other asset classes, from their IBKR account.
IBKR launches IMPACT, a patent-pending mobile trading application that helps investors align their investments with their values.
IBKR releases GlobalAnalyst, an online tool that helps investors find undervalued companies that may have greater growth potential.
Interactive Brokers Prepaid Mastercard card is launched for Canadian clients.
Interactive Brokers surpasses 2.5 million accounts
Preqin named IBKR the #5 prime broker overall for hedge funds
Expanded US Overnight Trading to over 10,000 US stocks and ETFs, enabling clients to trade US equities nearly 24 hours a day, five days per week
Introduced IBUSOPT, a new US equity and index options order destination
Added access to the Taiwan Stock Exchange, Nasdaq Copenhagen and the Prague Stock Exchange
* 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