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Interactive Brokers Group, Inc. (IBKR) is an automated global electronic broker that specializes in executing and clearing trades across a wide range of financial instruments. The company operates on more than 150 electronic exchanges and market centers in 34 countries and 27 currencies worldwide. IBKR provides services to a diverse customer base, including hedge and mutual funds, registered investment advisors, proprietary trading groups, introducing brokers, and individual investors, offering a comprehensive trading platform that supports multiple products and currencies from a single account .
- Interest Income - Earns interest on customer margin loans and other interest-earning assets, contributing significantly to the company's revenue .
- Commissions - Generates revenue from executing and clearing trades in stocks, options, futures, foreign exchange instruments, bonds, mutual funds, ETFs, and precious metals .
- Other Fees and Services - Includes fees for various services provided to customers, enhancing the company's service offerings .
- Other Income (Loss) - Involves income or loss from activities not classified under the main segments, impacting overall financial performance .
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Earl H. Nemser ExecutiveBoard | Vice Chairman and Director | Independent Advisor to Dechert LLP | Vice Chairman since 1988, extensive legal expertise, strengthens IBKR's governance, previously Special Counsel at Dechert LLP. | |
Milan Galik ExecutiveBoard | Chief Executive Officer and President | None | Joined IBKR in 1990 as a software developer, became CEO in 2019, instrumental in developing IBKR's technology and software systems. | View Report → |
Thomas Peterffy ExecutiveBoard | Chairman of the Board | Trustee of the Thomas Peterffy 2018 Revocable Trust | Founder of IBKR in 1993, pioneer in electronic trading, served as CEO until 2019, instrumental in IBKR's growth and technological innovations. | |
Paul J. Brody Executive | Chief Financial Officer, Treasurer, and Secretary | None | Joined IBKR in 1987, CFO since 2003, oversees financial reporting and internal controls, previously served as a director of The Options Clearing Corporation. | |
Thomas A. Frank Executive | Executive Vice President and Chief Information Officer | Director of The Options Clearing Corporation (OCC) | Joined IBKR in 1985, responsible for technical infrastructure and information security, instrumental in developing IBKR's early market-making systems. | |
Jill Bright Board | Director | Operating Executive at Crestview Partners, Chief Transformation Officer at OneMagnify, Board Director at WOW Internet & Cable, Board Member at Service Express | Joined IBKR in 2022, expert in human resources management, focuses on organizational effectiveness, serves on IBKR's Nominating and Corporate Governance Committee. | |
Lawrence E. Harris Board | Lead Independent Director | Professor at USC, Trustee of Clipper Fund, Director of Selected Funds, Research Coordinator at the Institute for Quantitative Research in Finance | Joined IBKR in 2007, former Chief Economist of the SEC, expert in market microstructure, chairs IBKR's Audit Committee. | |
Nicole Yuen Board | Director | Non-Executive Director of Asia Dragon Trust PLC | Joined IBKR in 2020, former Managing Director at Credit Suisse, led equities business in North Asia, serves on IBKR's Nominating and Corporate Governance Committee and Audit Committee. | |
Philip Uhde Board | Director | Founder of The Linonia Partnership | Investor with extensive experience, led investments in financial services companies, including IBKR, not standing for re-election in 2024. |
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Given your estimate that a 25 basis point decrease in the Fed funds rate would reduce annual net interest income by $64 million , how do you plan to offset potential declines in net interest income in a lower rate environment?
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With the opening of your new office in Dubai aimed at attracting sophisticated accounts , what specific strategies are you employing to grow your presence in the Middle East, and how do you expect this expansion to impact your overall business performance?
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Considering that competitors are planning to introduce index options at lower price points, potentially increasing pricing pressure in the industry , how do you anticipate this affecting your market share and pricing strategy in the U.S. options trading market?
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Given that your securities lending net interest income has been affected by factors such as fewer hard-to-borrow names and decreased market volatility , what measures are you taking to enhance securities lending income in the current market conditions?
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Regarding your ForecastEx platform, with initial volumes driven by political contracts and around 800 clients trading so far , when do you expect this platform to reach a scale that materially impacts your financial results, and what risks does it pose to your balance sheet ?
Recent press releases and 8-K filings for IBKR.
- Record trading activity and revenue: Commission revenue hit a record $0.5 billion with options up +25%, futures +16%, and stock shares +47%, driving a 74% pretax margin .
- Strong earnings performance: Reported GAAP diluted EPS of $1.94 and net revenues of $1,427 million, with adjusted EPS of $1.88 and adjusted net revenues of $1,396 million .
- Robust client growth: Achieved 32% account growth by adding 279,000 new accounts and set record client credit balances at $125.2 billion .
- Dividend increase: Raised the quarterly dividend from $0.25 to $0.32, underpinned by disciplined cost management .
- Capital action: Announced a four-for-one forward stock split to improve stock accessibility .