Interactive Brokers Group Announces Impact of Sudden CHF Movements
January 16 2015 - 8:57AM
Business Wire
Interactive Brokers Group, Inc. (NASDAQ GS: IBKR) Due to the
sudden move in the value of the Swiss Franc (“CHF”) yesterday,
several of our customers suffered losses in excess of their deposit
with us. Such debits amount to approximately $120 million, less
than 2.5% of our net worth.
About Interactive Brokers Group:
Interactive Brokers Group, Inc., together with its subsidiaries,
is an automated global electronic broker that specializes in
catering to financial professionals by offering state-of-the-art
trading technology, superior execution capabilities, worldwide
electronic access, and sophisticated risk management tools at
exceptionally low costs. The brokerage trading platform utilizes
the same innovative technology as the Company’s market making
business, which specializes in routing orders and executing and
processing trades in securities, futures, foreign exchange
instruments, bonds and funds on more than 100 electronic exchanges
and trading venues around the world. As a market maker, we provide
liquidity at these marketplaces and, as a broker, we provide
professional traders and investors with electronic access to
stocks, options, futures, forex, bonds and mutual funds from a
single IB Universal AccountSM. Employing proprietary software on a
global communications network, Interactive Brokers is continuously
integrating its software with a growing number of exchanges and
trading venues into one automatically functioning, computerized
platform that requires minimal human intervention.
For Interactive Brokers Group, Inc.Investors:Deborah Belevan,
203-618-4070orMedia:Caitlin Duffy, 203-913-1369
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