Interactive Brokers Expands New Services to Empower Hedge Fund Traders

Interactive Brokers has recently introduced two new services, High Touch Prime Brokerage and Global Outsourced Trading, aimed at assisting selected US hedge funds in their operational management and expansion efforts. These services are intended to complement Interactive Brokers' existing range of offerings tailored to active traders and institutional investors. The prime brokerage solution provided by Interactive Brokers includes trading, clearing, custody, reporting, and other essential features for clients in this sector.

Established in 1977, Interactive Brokers is a publicly listed company (NASDAQ: IBKR) and is regulated in nine Tier-1 jurisdictions. With Ending Client Equity totalling USD 373.8 billion and Equity Capital of USD 10.01 billion, Interactive Brokers is recognized as a reputable and well-capitalized broker. The platform offers customers the ability to trade across a wide range of global financial markets, including stocks, options, futures, and spot forex. Traders have access to 135 market centres spread across 33 countries and can transact in 23 currencies. Read WikiFXs evaluation on Interactive Brokers here: https://www.wikifx.com/en/dealer/0001646186.html

The High Touch Prime Brokerage service offers personalized assistance to eligible hedge fund clients, providing them with access to a dedicated Relationship Manager who serves as a central point of contact. This manager is equipped to address inquiries, resolve issues promptly, and facilitate special requests, drawing upon a deep understanding of the client's unique trading strategies and requirements.

Milan Galik, the Chief Executive Officer of Interactive Brokers, highlighted the rationale behind this initiative, explaining that hedge funds choose Interactive Brokers for its automated systems and advanced trading technology, which can help keep costs low. Additionally, Galik noted that many hedge funds value having a single contact familiar with their trading objectives and business strategies. He further elaborated that the High Touch Prime Brokerage service enables Interactive Brokers to compete with large prime brokers and eliminates a potential barrier for hedge funds who want to transition to a low-cost platform but are accustomed to personalized service.

Clients availing themselves of the High Touch Prime Brokerage service also gain access to Subject Matter Experts across various departments within Interactive Brokers, thereby benefiting from operational expertise to streamline business management processes effectively.

Additionally, clients gain access to IBKR Outsourced Trading desks in Europe and Asia, extending high-touch trading capabilities beyond North America. This expansion allows portfolio managers to collaborate with experienced IBKR traders around the clock, devising execution strategies, and placing orders for a diverse range of instruments, including domestic and international stocks, options, bonds, and more.