Interactive Brokers LLC (IB), Headquartered In Greenwich, Connecticut, Is An American Multinational Brokerage Firm. It Operates The Largest Electronic Trading Platform In The United States By Average Daily Revenue Volume - It Processes An Average Of 3 Million Trades Per Trading Day In 2023. The Company Represents Stocks, Options, Futures Contracts, EFPs, Futures Options, Foreign Exchange, Bonds, Mutual Funds, And Cryptocurrencies. It Offers Consolidated And Non-disclosed Broker Accounts And Clears 200 Introductory Brokers Worldwide. It Operates In 34 Countries And 27 Currencies, With 2.60 Million Institutional And Individual Brokerage Clients With Total Client Equity Of $426 Billion As Of December 31, 2023.

Interactive Brokers Inc. Was Established In 1993 As An American Broker-dealer To Provide Clients With Electronic Networking And Trade Execution Services Technology Developed By Timber Hill.

In 1994, Timber Hill Europe Began Trading On The European Options Exchange, The OM Exchange, And The London International Financial Futures And Options Exchange. Also In 1994, Timber Hill Deutschland Became A Member Of The Belgian Futures And Options Exchange, IB Became A Member Of The New York Stock Exchange, And Timber Hill Group LLC Was Established As The Holding Company For The Timber Hill And IB Businesses.

In 1995, Timber Hill France S.A. Was Established And Began Market-making On The Paris Options Exchange (a Subsidiary Of Euronext Paris) And The French International Futures Exchange. Also In 1995, Timber Hill Hong Kong Began Market-making On The Hong Kong Futures Exchange, And IB Created Its Main Trading Platform, Trader Workstation, And Executed The First Trades For Public Clients.

In 1996, Timber Hill Securities Hong Kong Limited Was Incorporated And Began Trading On The Hong Kong Stock Exchange.

In 1997, Timber Hill Australia Limited Was Incorporated In Australia. Timber Hill Europe Began Trading In Norway And Became A Member Of The Austrian Derivatives Exchange. By 1997, Timber Hill Had 284 Employees.

In 1998, Timber Hill Canada Company Was Established And IB Began Clearing Online Trades For Retail Clients Directly Connected To Globex To Trade Standard & Poor Futures.

In 1999, IB Introduced Smart Order Passing Links For Multi-listed Stock Options And Began Clearing Stock And Equity Derivatives Trades For Its Clients. Also In 1999, Goldman Sachs Attempted To Acquire The Company But Was Rejected.

In 2000, Interactive Brokers (UK) Limited Was Formed And Timber Hill Became The Leading Market Maker On The International Stock Exchange (ISE).

In 2001, The Company Name Of Timber Hill Group LLC Was Changed To Interactive Brokers Group LLC, When 200,000 Transactions Were Processed Per Day.

In 2002, IB Co-founded The Boston Options Exchange With The Montreal Exchange And The Boston Stock Exchange. Also In 2002, IB Launched Mobile Trader And API For Customers And Developers To Integrate Their Mobile Phone Systems With The IB Trading System. Also In 2002, Timber Hill Became The Leading Market Maker For The Newly Launched US Individual Stock Futures.

In 2003, IB Expanded Its Trade Execution And Clearing Services To Include Belgian Index Options And Futures, Canadian Stocks, Stock/index Options And Futures, Dutch Index Options And Futures, German Stock Options, Italian Index Options And Futures, Japanese Index Options And Futures, And UK Stock Options. In 2004, IB Introduced Direct Market Access To Clients Of The Frankfurt Stock Exchange And The Stuttgart Exchange. In The Same Year, IB Upgraded Its Account Management System And Trader Workstation, Adding Real-time Data To The Platform, Including Charts, Scanners, Fundamental Analysis, And Tools.

In 2004, It Was One Of The Founders Of The Boston Options Exchange.

In 2005, IB Released Its Foreign Exchange Trading Platform, IdealPro (now Ideal FX).

In 2006, The IB Options Intelligence Report Was Launched To Report On The Unusual Concentration And Changing Levels Of Uncertainty In Trading Interest In The Options Market. Also That Year, IBG Invested In OneChicago, The ISE Stock Exchange, And The CBOE Stock Exchange. In 2006, IB Began Offering Low-price Options.

On May 3, 2007, IBG Became A Publicly Traded Company Through An Initial Public Offering (IPO) On Nasdaq And Sold 40 Million Shares At $30.01 Per Share Through A Dutch Auction. It Was The Second Largest U.S. IPO Of The Year And The Largest Brokerage IPO Since 2005. The Shares Sold Represented Approximately 10% Of IBG LLC's Interest. Also In 2007, A Real-time Portfolio Margin Platform Was Introduced For Clients Trading Multiple Asset Classes, Providing Increased Leverage Through Real-time Risk Management; In Addition, The Company Launched A Physical Exchange For Clients To Trade Stocks And Futures At Market-determined Exchange Rates.

In November 2007, IB Acquired FutureTrade Technologies, A Comprehensive Provider Of Electronic Stock And Options Trading Services.

In 2008, The Company Released The Real-time Market Risk Management Platform Risk Navigator. Also In 2008, Trader Workstation Introduced Several Trading Algorithms. These Include Accumulate-Distribute Algo, Which Allows Traders To Divide Large Orders Into Small, Uneven Increments And Publish Them At Random Intervals Over Time, Resulting In Better Prices For High Volume Orders.

In 2009, IB Launched ITWS, A Mobile Trading Application Based On The IB Trader Workstation; It Also Released The Portfolio Analyst Tool.

In 2011, The Company Launched Several New Services, Including The Interactive Brokers Information System, The Hedge Fund Capital Introduction Program, And The Stock Yield Enhancement Program. In 2011, IB Also Became The Largest U.S. Online Broker Measured By Daily Average Revenue Trading. During The Occupy Wall Street Protests From 2011 To 2012, IB Ran A Series Of TV Commercials Under The Slogan "Join The 1%", Which Were Seen As Controversial Criticisms Of The Protests.

In 2012, IB Began Offering Money Manager Accounts And Opened A Fully Electronic Money Manager Marketplace. IB Also Released The TWS Mosaic Trading Interface And A Tax Optimizer For Managing Capital Gains And Capital Losses.

In 2013, IB Released The Probability Lab Tools And Trader Wise, A Service With Daily Commentary Provided By Traders And Third-party Contributors To Interactive Brokers. Also In 2013, IB Integrated Its Trade Notification Tool, Known As IB FYI, Into TWS. [17] The Tool Keeps Clients Informed Of Upcoming Announcements That May Affect Their Accounts, And Clients Can Set It To Automatically Take Action To Exercise Options As Early As Possible When An Expected Action Is Beneficial To The Client. IB FYI Can Also Automatically Suspend Clients' Orders Until A Major Economic Event Affecting The Market Is Announced.

On April 3, 2014, IB Became The First Online Broker To Offer Direct Access To IEX, A Private Electronic Communication Network For Securities Trading, Subsequently Registered As An Exchange.

In May 2015, Societe Generale Acquired The Investment Management Platform Covestor, Which Operates As An Independent Company.

In 2015, IB Launched The Investor Marketplace, Which Allows Clients To Find Investors And Other Service Providers In The Financial Sector.

In March 2016, IB Released A Mobile App For Apple Watch.

In May 2017, IB Sold Its Market Maker Business, Timber Hill, To Two Sigma Investments.

Milan Galik Was Appointed CEO Of IBG In 2019, Succeeding Founder Thomas Peterffy, Who Continued As Chairperson.

In September 2019, IB Launched Commission-free Trading Through The "IBKR Lite Edition". In November 2019, It Began Offering Piecemeal Stock Trading.

In 2020, The Client Base Grew To 1 Million Users. During The GameStop Short Squeeze, IB, Along With Other Brokers, Briefly Restricted Trading Of Several Stocks.

In 2021, The Company Launched Cryptocurrency Trading, Including Bitcoin And Ethereum.

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