BNews.id- The creation of Interactive Brokers Central Europe Zrt. (IBCE) and the opening of an office in Budapest were both announced by the international brokerage firm Interactive Brokers Group (Nasdaq: IBKR). Hungary has now been added to the list of the company's ten global locations, which also include the US, Australia, Canada, Hong Kong, India, Japan, Luxembourg, Singapore, and the UK. These locations serve over one million client accounts in more than 220 nations and territories.
According to Thomas Peterffy, chairman of Interactive Brokers, "establishing an office in Hungary is part of our continued pattern of opening companies around the world to support our growing worldwide footprint." To keep up with the accounts' rapid expansion in Central Europe, we intend to make Budapest the hub of our activities there.
A single Integrated Investment Account at Interactive Brokers can be used to invest in stocks, options, futures, currencies, bonds, and funds across 135 markets in 33 nations. The company's exceptional pricing, industry-low margin rates, tight forex conversion prices, and cutting-edge technology are all advantages for customers. The business is renowned for offering the general public a vast array of free educational tools.
The company was established more than 43 years ago by Mr. Peterffy, who immigrated to the United States from Hungary in 1965. With more than $8.5 billion in equity capital, $23 billion in market capital, and $286.7 billion in client equity, the company has developed into one of the world's leading securities firms.
Besides having nearly two decades of experience with UK regulations and four decades with US regulations under its belt, Interactive Brokers also holds brokerage licenses in Canada, Hong Kong, Japan, Australia, India, Luxembourg, and Singapore, in addition to having four decades of experience with US regulations under its belt. On December 12, 2020, the Central Bank of Hungary, Magyar Nemzeti Bank, issued the brokerage license for Interactive Brokers Central Europe Zrt. IBCE is led by CEO Miklos Hanti.
Information about Interactive Brokers Group, Inc.
Affiliates of Interactive Brokers Group provide automated trade execution and custody of stocks, commodities, and foreign exchange to clients all around the world through a single IBKR Integrated Investment Account around-the-clock on more than 135 markets in a variety of nations and currencies. We provide support to introducing brokers, financial advisers, hedge funds, proprietary trading groups, and individual investors. We have been able to provide our clients with a very sophisticated platform to manage their investment portfolios thanks to our four decades of concentration on technology and automation. In order to position our clients to realize superior returns on investments, we work to offer them beneficial execution pricing, trading, risk and portfolio management tools, research facilities, and investment products at little or no cost. Interactive Brokers was ranked first by Barron's with
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