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Wed, March 14, 2012

Interactive Brokers Rated Tops by Barronas and Wall Street Letter


Published on 2012-03-14 07:11:41 - Market Wire
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GREENWICH, Conn.--([ ])--Interactive Brokers Group, Inc. (NASDAQ GS: IBKR), the largest U.S. electronic broker as measured by number of Daily Average Revenue Trades (DARTs), was the recipient of top honors in Barronas 2012 annual ranking of online brokers and the Wall Street Letter 2012 Institutional Trading Awards.

"We are very pleased with these awards"

Interactive Brokers (IB) took first place in Barronas March 12, 2012 Barronas annual Best Online Brokers review, receiving four-and-a-half stars as the Best Online Broker overall. IB won top marks in a range of categories, including five stars for Best Portfolio Analysis & Reports. Maintaining its presence as one of the Best Low Cost brokers for the eighth year in a row, IB also won Best Trading Experience and Technology, Best for International Traders, Best Range of Offerings and Best for Frequent Traders. Barronas specifically cited improvements to Trader Workstation (TWS), Interactive Brokersa sophisticated and customizable trading platform, as well as IBas advanced mobile-trading tools, superior portfolio analysis and reporting features, and the new Tax Optimizer.

In addition to recognition by Barronas, Wall Street Letteras inaugural Institutional Trading Awards distinguished Interactive Brokers as the Best Broker-Dealer for Options and awarded IB Best Use of Technology by a Broker-Dealer.

These prestigious awards were attributed to IBas focus on technological innovation, breadth of product offering and low commissions and financing costs. As further evidence of IBas low trading costs, the Transaction Auditing Group, Inc., a third-party provider of transaction analysis, once again determined that IBas U.S. stock and options price executions and European stock1 price executions continued to be significantly better than the industry2 during the second half of 2011.

aWe are very pleased with these awardsa said Thomas Peterffy, founder, Chairman and CEO of Interactive Brokers, aand we look forward to continuing to provide our customers with cutting-edge technology, additional trading products, superior execution quality and low commissions.a

For more information about IBas award-winning trading platform please visit [ http://investors.interactivebrokers.com/en/general/education/why_ib.php ].

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 executes and processes trades in securities, futures and foreign exchange instruments 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 AccountSM. Employing proprietary software on a global communications network, Interactive Brokers Group continuously integrates its software with a growing number of exchanges and trading venues into one automatically functioning, computerized platform that requires minimal human intervention.

[1] The TAG analysis for US stocks included all market orders of 100 shares or more up to 10,000 shares. The analysis for US options included all market orders with order sizes of 1 to 50 contracts and includes exchange rebates received by customers under IB's cost-plus pricing structure. The TAG analysis of orders routed to exchanges in Europe included all orders routed for execution during regular trading hours including all market and marketable limit orders and orders near the market (orders having a limit price within one-tenth of a Euro from the quote price at time of order receipt) on stocks listed on the included exchanges, weighted by the volume executed on each exchange. The exchanges for European stocks are XETRA, EURONEXT, CHI-X, WIENER BORSE, TURQUOISE, LONDON and NASDAQ OMX.

[2] Source: The Transaction Auditing Group (TAG). Industry as a whole for the referenced periods according to TAG.

Contributing Sources