Interactive Brokers Group founds Central European office

 

Thomas Peterffy, Founder, Chairman and Founder, Interactive Brokers (Photo: Business Wire)

KUALA LUMPUR, Dec 15 -- Interactive Brokers Group, a global brokerage firm, has announced the creation of Interactive Brokers Central Europe Zrt and the opening of an office in Budapest.

With the addition of Hungary, the global brokerage firm now has 10 entities worldwide in the US, Australia, Canada, Hong Kong, India, Japan, Luxembourg, Singapore, and the UK, serving over one million client accounts in more than 220 countries and territories.

“Establishing an office in Hungary is part of our continuing trend of opening entities around the world to support our growing global presence,” said Interactive Brokers chairman, Thomas Peterffy.

“We plan to make Budapest the centre of our operations for Central Europe to keep pace with account growth, which has been rapid in both Western and Eastern Europe and around the world.”

Over a quarter of Interactive Brokers accounts now come from Europe and Africa, and growth has been robust, according to a statement.

As of Nov 30, client accounts worldwide had grown 52 per cent from the prior year, with over 80 per cent of the expansion coming from outside of the United States.

Interactive Brokers offers clients worldwide the ability to invest in stocks, options, futures, currencies, bonds, and funds on 135 markets in 33 countries from a single Integrated Investment Account.

Clients can also benefit from the company’s superior pricing, industry-low margin rates, tight forex conversion pricing, and advanced technology.

-- BERNAMA