Macrae Sykes's questions to Interactive Brokers Group Inc (IBKR) leadership • Q3 2024
Question
Macrae Sykes asked about expected trading dynamics during the current election cycle compared to previous ones, and how a potential recovery in the IPO market next year might impact trading activity and client segments on the platform.
Answer
President and CEO Milan Galik anticipates increased market volatility and higher trading volumes approaching the election, similar to past cycles. On IPOs, Galik noted that a pickup, particularly in Asia, would generate fees and trading volume from high day-one interest. CFO Paul Brody added that a stronger IPO market also typically increases securities lending opportunities.