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Interactive Brokers
American financial services firm / From Wikipedia, the free encyclopedia
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Interactive Brokers, Inc. (IB), headquartered in Greenwich, Connecticut, is an American multinational brokerage firm. It operates the largest electronic trading platform in the United States by number of daily average revenue trades - in 2023, it processed an average of 3 million trades per trading day.[1] The company brokers stocks, options, futures contracts, EFPs, futures options, forex, bonds, mutual funds, and cryptocurrency. It offers omnibus and non-disclosed broker accounts and provides clearing services to 200 introducing brokers worldwide. It has operations in 34 countries and 27 currencies and has 2.6 million institutional and individual brokerage customers, with total customer equity of $426 billion as of December 31, 2023.[1]
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Company type | Public |
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Industry | Financial services |
Founded | 1978; 46 years ago (1978), in New York City, U.S. |
Founder | Thomas Peterffy |
Headquarters | Greenwich, Connecticut, U.S. |
Number of locations | 27 (2023) |
Area served | Worldwide |
Key people | |
Products | Direct market access to stocks, options, futures, forex, bonds, and ETFs |
Services | Online brokerage, direct-access trading |
Revenue | ![]() |
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Total assets | ![]() |
Total equity | ![]() |
Number of employees | 2,932 (2023) |
Website | Official website ![]() |
Footnotes / references [1] |
The broker was founded by and is indirectly 74.6% owned by and chaired by Thomas Peterffy, an early innovator in computer-assisted trading.
The company traces its roots to T.P. & Co., a market maker founded in 1977 and renamed Timber Hill Inc. in 1982. In 1979, it became the first to use fair value pricing sheets on a stock exchange trading floor. In 1983, it became the first to use handheld computers for trading. In 1987, Peterffy also created the first fully automated algorithmic trading system, to automatically create and submit orders to a market. Between 1993 and 1994, the corporate group Interactive Brokers Group was created, and the subsidiary Interactive Brokers LLC was created to control its electronic brokerage, and to keep it separate from Timber Hill, which conducts market making. In 2014, Interactive Brokers became the first online broker to offer direct access to IEX, a private forum for trading securities. In 2021, the company launched trading in cryptocurrencies, including Bitcoin and Ethereum.
The company is ranked 473rd on the Fortune 500.[2]