Interactive Brokers Group, Inc. (NASDAQ: IBKR)

Interactive Brokers Group, Inc. (IBKR), a leading electronic broker, operates in the financial services industry, providing a comprehensive range of financial products and services to individual and institutional customers. The company is headquartered in Greenwich, Connecticut, and has a strong presence in various markets, including the United States, Canada, the United Kingdom, Ireland, Switzerland, Hungary, India, China, Japan, Singapore, and Australia.

Interactive Brokers Group, Inc. is a pioneer in developing and applying technology as a financial intermediary, executing, clearing, and settling trades globally for both institutional and individual customers. The company's primary business activities include providing access to over 150 electronic exchanges and market centers in 34 countries and 27 currencies, offering a seamless trading experience across multiple asset classes, including stocks, options, futures, forex, bonds, mutual funds, ETFs, precious metals, and cryptocurrencies.

Interactive Brokers generates revenue by offering a suite of products and services to individual and institutional investors. These include IBKR ProSM, a core service designed for sophisticated investors, offering the lowest cost access to various financial products from a single unified platform, and IBKR LiteSM, a commission-free trading platform for U.S. customers, offering unlimited commission-free trades on U.S. exchange-listed stocks and ETFs, with low-cost access to global markets. Additionally, Interactive Brokers offers IBKR Universal AccountSM, a single account that allows customers to transact in 27 currencies, across multiple classes of tradable products, traded on over 150 electronic exchanges and market centers in 34 countries.

Interactive Brokers' proprietary technology infrastructure enables it to provide its customers with high-speed trade execution at low commission rates. The company's technology is the key to its success, with a focus on rapid development and deployment of automated technology for the financial markets. Interactive Brokers' software development costs are relatively low because the employees who oversee the development of the software are often the same employees who design the application, evaluate its performance, and participate along with quality assurance professionals in robust quality assurance testing procedures.

Interactive Brokers' risk management policies are developed and implemented by its Steering Committee, which is chaired by the Chief Executive Officer and comprised of senior executives of its various operating subsidiaries. The company's risk management philosophy is centered around the utilization of its fully integrated computer systems to perform critical risk-management activities on a real-time basis.

The company's customers are mainly comprised of individuals, trading desk professionals, electronic retail brokers, hedge funds, mutual funds, financial advisors, proprietary trading firms, and introducing brokers and banks that require global access. No single customer represented more than 1% of the company's commissions in 2023. Interactive Brokers is committed to providing its customers with a comprehensive and user-friendly trading experience, offering a range of analytical tools and services, including IBKR GlobalAnalystSM, PortfolioAnalyst, and IB Risk NavigatorSM.

Interactive Brokers is committed to attracting, developing, and retaining employees to drive its business forward. The company offers industry-leading benefits programs, including paid leave time for all parents, adoption and fertility support, childcare support, mental health services, and healthcare travel reimbursement. In the United States, the company funds healthcare premiums at no cost to employees.