Interactive Brokers Introduces High Touch Prime Brokerage Service and Global Outsourced Trading for US Hedge Funds
April 11 2024 - 10:00AM
Business Wire
New High Touch Service Provides Dedicated
Support and Resources
Interactive Brokers (Nasdaq: IBKR), an automated global
electronic broker, introduced High Touch Prime Brokerage and Global
Outsourced Trading, exclusive new services to help select US hedge
funds manage and grow their businesses. Interactive Brokers caters
to active traders and institutional investors and offers a prime
brokerage solution for hedge funds, including trading, clearing,
custody, reporting, and other features. Eligible hedge fund clients
of Interactive Brokers can now take advantage of high touch
services that seamlessly deliver Interactive Brokers’ automated and
cost-effective platform but with personal resources and attention.
This allows hedge funds to spend more time on implementing their
investment strategy and with their clients.
“Hedge funds select Interactive Brokers for our automated
systems and advanced trading technology, which can help keep costs
low. However, we recognize that many hedge funds appreciate having
a single contact familiar with their trading objectives and
business strategies,” said Milan Galik, Chief Executive Officer of
Interactive Brokers. “High Touch Prime Brokerage enables
Interactive Brokers to compete with large prime brokers and removes
a potential barrier for hedge funds who want to move to a low-cost
platform but are accustomed to personalized service.”
High Touch Prime Brokerage through Interactive Brokers offers
access to a dedicated Relationship Manager who serves as a single
point of contact for support and has a deep understanding of their
client’s trading strategy and requirements. The Relationship
Manager will navigate the firm on behalf of the fund to address
questions or concerns, resolve issues quickly, and facilitate
special requests. Access to Subject Matter Experts at Interactive
Brokers in the Risk, Compliance, Securities Lending, Corporate
Actions, Tax, Clearing, Transfers and Proxy departments is also
available through this program to provide operational expertise and
help hedge funds manage their businesses efficiently.
Clients of the High Touch Prime Brokerage service also gain
access to new IBKR Outsourced Trading desks located in Europe and
Asia. Expanding high touch trading capabilities beyond North
America enables portfolio managers to craft an execution strategy
with, and give orders to, an experienced IBKR trader 24 hours per
day. This service is available for domestic and international
stocks, options, bonds and other instruments.
Interactive Brokers has a strong capital position, conservative
balance sheet, and automated risk controls designed to protect the
company and hedge fund clients. Preqin’s 2023 Service Providers
Report ranks Interactive Brokers as the top prime broker for hedge
funds with AUM up to USD 50 million and the fifth largest prime
broker overall by number of hedge funds clients. According to
Preqin, Interactive Brokers has been one of the fastest-growing
prime brokers for the fourth consecutive year.
Hedge fund clients of Interactive Brokers benefit from the
following:
- The opportunity to invest globally in stocks, options, futures,
currencies, bonds and funds from a single unified platform
- No custody fees or AUM minimums
- Depth and breadth of short securities availability
- Margin rates as low as 5.83%
- The ability to earn up to USD 4.83% on instantly available cash
balances over USD 10,000
- Access to over 100 order types and algos plus advanced trading
platforms like Trader Workstation and API solutions
- The Hedge Fund Marketplace, which is an online version of a
traditional Capital Introduction program
For additional information, please visit:
https://www.interactivebrokers.com/en/trading/prime-broker-services.php
About Interactive Brokers Group, Inc.:
Interactive Brokers Group affiliates provide automated trade
execution and custody of securities, commodities, and foreign
exchange around the clock on over 150 markets in numerous countries
and currencies, from a single unified platform to clients
worldwide. We serve individual investors, hedge funds, proprietary
trading groups, financial advisors and introducing brokers. Our
four decades of focus on technology and automation has enabled us
to equip our clients with a uniquely sophisticated platform to
manage their investment portfolios. We strive to provide our
clients with advantageous execution prices and trading, risk and
portfolio management tools, research facilities and investment
products, all at low or no cost, positioning them to achieve
superior returns on investments. For the sixth consecutive year,
Barron’s ranked Interactive Brokers #1 with 5 out of 5 stars in its
June 9, 2023, Best Online Brokers Review.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240411381647/en/
For Interactive Brokers Group, Inc. Media: Katherine Ewert,
media@ibkr.com
Interactive Brokers (NASDAQ:IBKR)
Historical Stock Chart
From Mar 2024 to Apr 2024
Interactive Brokers (NASDAQ:IBKR)
Historical Stock Chart
From Apr 2023 to Apr 2024