Interactive Brokers Group Consolidates EU Operations into Ireland
Summary
The Group expects the merger of its European operations to produce measurable improvements in efficiency, while retaining its key talent pool and regional client focus. Since commencing business following Brexit, these two operations have delivered and supported significant client growth as Interactive Brokers Group expands its presence across Europe. " This decision is consistent with the Group’s continuous focus on operational efficiency through automation, ensuring our ability to deliver best-in-class investment services at price points typically available only to industry professionals, and allowing us to maintain industry-leading profit margins," said Interactive Brokers CEO Milan Galik. Interactive Brokers’ global operations across Europe, Asia Pacific and the Americas provide extensive investment services to more than two million client accounts, holding $377 billion (at August 31, 2023) in assets in more than 220 countries and territories. Interactive Brokers Group affiliates provide automated trade execution and custody of securities, commodities, and foreign exchange around the clock on over 150 markets in numerous countries and currencies, from a single unified platform to clients worldwide.