Interactive Brokers

Thu 11 December, 2008ForexBrokerGuide

I became familiar with Interactive Brokers back in 2006, and I’ve always wanted to be a part of this brokerage because I’ve heard nothing but good things about them from experienced traders. I also saw many commercials for Interactive Brokers on television ads claiming they allow you to combine all your trading accounts, Forex, Stocks, Commodities, Futures, etc. into one account.

I remember sitting up and taking notice when I heard of its College Trading Olympiad which was open to undergraduate and graduate students worldwide in which participants had to devise a trading strategy and then create automated trading software to carry out that plan.The student or group of students whose program created the most profit won $100,000 cash prize!!! Interactive brokers has been in the trading business for almost 40 years!

Some important facts about Interactive Brokers Group include:

Holds $4 billion in equity
Handles 1,000,000+ trades daily.
Has been operating in the trading market for 32 years.
Customers are protected by $30 million of SIPC and Lloyd’s of London securities account protection.
Real-time margin system enforces limits for each trader’s account, and automatically liquidates positions if any individual account violates its limits.
All orders are automatically vetted on a pre-trade basis.
Does not hold CDOs, Subprime Debt, or Credit Default Swaps.
Positions and resulting payables/receivables are automatically reconciled against external sources daily.

The IB Risk Navigator^SM is launched, a real-time market risk management platform for customers, providing unified risk data across multiple asset classes around the globe.

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