Interactive Brokers

Interactive Brokers LLC (IB) is a U.S.-based online discount brokerage firm. It is the largest U.S. online brokerage firm by number of daily average revenue trades; it also is the leading forex broker. The company is headquartered in Greenwich, Connecticut and has offices in Chicago, Hong Kong, Shanghai (a representative office), Sydney, and Zug. It is a subsidiary of Interactive Brokers Group, Inc., which has offices in thirteen countries.

IB is regulated by the U.S. Securities and Exchange Commission, the Financial Industry Regulatory Authority (FINRA), New York Stock Exchange, Financial Conduct Authority and foreign regulatory agencies. The company is a provider of fully disclosed and non-disclosed broker accounts and provides correspondent clearing services to 200 introducing brokers worldwide. It has offered direct market access on Australian contracts for difference since 2008.

History

Interactive Brokers was founded by Thomas Peterffy, an early innovator in computer-assisted trading. He introduced electronic devices to options floor trading at the Chicago Board of Trade and went on to develop related trading technologies before entering the online retail brokerage business.