We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Interactive Brokers (IBKR) to Gain by Streamlining EU Business
Read MoreHide Full Article
Interactive Brokers Group (IBKR - Free Report) has announced a strategic move that will further bolster its position as a global brokerage firm. The company consolidated its brokerage operations in the European Union (“EU”) by merging Interactive Brokers Central Europe ("IBCE") with Interactive Brokers Ireland ("IBIE").
The move is expected to yield substantial benefits as it aligns with Interactive Brokers' commitment to operational efficiency through automation.
By streamlining its EU operations, IBKR intends to augment its resources and cost-effectiveness. This will enable the company to deliver competitive pricing typically reserved for industry professionals while maintaining industry-leading profit margins.
IBIE, based in Dublin and regulated by the Central Bank of Ireland, will assume management of the merged business. IBCE will continue to provide its expertise to clients, particularly in Central and Eastern Europe.
The CEO of Interactive Brokers, Milan Galik said, “This decision is consistent with the Group’s continuous focus on operational efficiency through automation, ensuring our ability to deliver best-in-class investment services at price points typically available only to industry professionals, and allowing us to maintain industry-leading profit margins.”
With client assets totaling $377 billion as of Aug 31, 2023, Interactive Brokers is well-poised to capitalize on this business streamlining effort to drive further operational efficiency.
Additionally, the company is undertaking several measures to enhance its global presence. The launch of IBKR GlobalTrader will enable investors worldwide to trade stocks through mobile applications. The company was one of the first brokers to introduce Overnight Trading on U.S. stocks and ETFs nearly 24 hours a day, five days a week.
Further, the launch of IBKR Lite has enabled investors to trade commission-free. The launch of Impact Dashboard, an innovative sustainable investing tool, has made the company the first major brokerage firm to allow investors to easily align their portfolio with their values.
Further, Interactive Brokers has launched cryptocurrency trading via Paxos Trust Company, charging lower commissions than other crypto exchanges. These efforts are aimed at improving market share over time.
Of late, several finance companies are consolidating their operations to optimize efficiency and maximize profitability. Earlier this month, Blackstone Inc. (BX - Free Report) integrated its corporate credit, asset-based finance and insurance groups into a single unit called the Blackstone Credit & Insurance (“BXCI”). BXCI is expected to accelerate growth by creating a more seamless experience for clients and borrowers.
The new unit will offer a one-stop solution across corporate and asset-based, as well as investment grade and non-investment grade, private credit. BX’s credit and insurance segment includes senior credit-focused funds, distressed debt funds, mezzanine funds and general credit-focused funds concentrated in the leveraged finance marketplace.
Steve Schwarzman, the co-founder, chairman and CEO of Blackstone, said, “We see the opportunity for BXCI, along with Real Estate Credit, to reach $1 trillion in the next ten years.”
Earlier in August, State Street (STT - Free Report) announced a strategic decision to streamline its operating model in India by assuming full ownership of its joint venture with the Atos Group, initially established with Syntel, Inc. This consolidation, expected to be completed by the fourth quarter of 2023, is part of the company's ongoing transformation and productivity initiatives to optimize its global operations.
The move to bring State Street Syntel capabilities and expertise in-house is expected to seamlessly integrate them into State Street's global operating model. By leveraging its robust control environment and standardized processes, the company aims to further enhance productivity and drive operational efficiencies.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Interactive Brokers (IBKR) to Gain by Streamlining EU Business
Interactive Brokers Group (IBKR - Free Report) has announced a strategic move that will further bolster its position as a global brokerage firm. The company consolidated its brokerage operations in the European Union (“EU”) by merging Interactive Brokers Central Europe ("IBCE") with Interactive Brokers Ireland ("IBIE").
The move is expected to yield substantial benefits as it aligns with Interactive Brokers' commitment to operational efficiency through automation.
By streamlining its EU operations, IBKR intends to augment its resources and cost-effectiveness. This will enable the company to deliver competitive pricing typically reserved for industry professionals while maintaining industry-leading profit margins.
IBIE, based in Dublin and regulated by the Central Bank of Ireland, will assume management of the merged business. IBCE will continue to provide its expertise to clients, particularly in Central and Eastern Europe.
The CEO of Interactive Brokers, Milan Galik said, “This decision is consistent with the Group’s continuous focus on operational efficiency through automation, ensuring our ability to deliver best-in-class investment services at price points typically available only to industry professionals, and allowing us to maintain industry-leading profit margins.”
With client assets totaling $377 billion as of Aug 31, 2023, Interactive Brokers is well-poised to capitalize on this business streamlining effort to drive further operational efficiency.
Additionally, the company is undertaking several measures to enhance its global presence. The launch of IBKR GlobalTrader will enable investors worldwide to trade stocks through mobile applications. The company was one of the first brokers to introduce Overnight Trading on U.S. stocks and ETFs nearly 24 hours a day, five days a week.
Further, the launch of IBKR Lite has enabled investors to trade commission-free. The launch of Impact Dashboard, an innovative sustainable investing tool, has made the company the first major brokerage firm to allow investors to easily align their portfolio with their values.
Further, Interactive Brokers has launched cryptocurrency trading via Paxos Trust Company, charging lower commissions than other crypto exchanges. These efforts are aimed at improving market share over time.
Shares of this Zack Rank #2 (Buy) company have rallied 21.8% so far this year against the industry’s fall of 10.6%. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Image Source: Zacks Investment Research
Of late, several finance companies are consolidating their operations to optimize efficiency and maximize profitability. Earlier this month, Blackstone Inc. (BX - Free Report) integrated its corporate credit, asset-based finance and insurance groups into a single unit called the Blackstone Credit & Insurance (“BXCI”). BXCI is expected to accelerate growth by creating a more seamless experience for clients and borrowers.
The new unit will offer a one-stop solution across corporate and asset-based, as well as investment grade and non-investment grade, private credit. BX’s credit and insurance segment includes senior credit-focused funds, distressed debt funds, mezzanine funds and general credit-focused funds concentrated in the leveraged finance marketplace.
Steve Schwarzman, the co-founder, chairman and CEO of Blackstone, said, “We see the opportunity for BXCI, along with Real Estate Credit, to reach $1 trillion in the next ten years.”
Earlier in August, State Street (STT - Free Report) announced a strategic decision to streamline its operating model in India by assuming full ownership of its joint venture with the Atos Group, initially established with Syntel, Inc. This consolidation, expected to be completed by the fourth quarter of 2023, is part of the company's ongoing transformation and productivity initiatives to optimize its global operations.
The move to bring State Street Syntel capabilities and expertise in-house is expected to seamlessly integrate them into State Street's global operating model. By leveraging its robust control environment and standardized processes, the company aims to further enhance productivity and drive operational efficiencies.