By Business Wire, March 13, 2013, 10:30:00 AM EDT
Interactive Brokers Rated the #1 Online Broker by Barron's for the Second Year in a Row
GREENWICH, Conn.--(BUSINESS WIRE)--
Interactive Brokers Group, Inc. (NASDAQ GS:IBKR) was awarded top honors
in Barron's 18th annual ranking of Best Online
Brokers, rated number one for the second year in a row.
Also ranked highly in this year's review was introducing broker, Place
Trade. Ranked as the number three online broker by Barron's,
Place Trade licenses Interactive Brokers trading, execution and clearing
technology, while providing its own full-broker services for its
clients. As a provider of fully disclosed and non-disclosed broker
accounts, Interactive Brokers provides correspondent clearing services
to 200 introducing brokers worldwide.
In the 2013 review, Barron's compared 24 online brokers,
evaluating participants from the viewpoint of the wealthy, active trader
across eight categories of service including Trading Technology,
Usability, Mobile, Range of Offerings, Research Amenities, Portfolio
Analysis and Reports, Customer Service and Education, and Costs.
Interactive Brokers (IB) ranked above all of the competition for a
second consecutive year, providing "superb trading technology, improved
portfolio analysis, and enhanced educational offerings," according to Barron's.
In addition to taking the number one spot overall this year IB received
top marks in a number of sub-categories, named "Best for Frequent
Traders", "Best for International Traders" and "Best for Options
Traders" by Barron's.
Thomas Peterffy, chairman, founder and CEO of Interactive Brokers Group,
is pleased with the results of this year's Barron's review, "Our
mission is unchanged" said Peterffy, "IB is committed to providing
cutting-edge trading technology, superior execution quality, breadth of
product offering and access to global markets at the lowest possible
cost."
For more information about IB's award-winning trading platform, please
visit www.interactivebrokers.com.
About Interactive Brokers Group, Inc.: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 Account. 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.
Source: Interactive Brokers Group, Inc.