The Brokerage That Makes More From Fewer Clients Is Interactive Brokers Still Undervalued?
News Source : Yahoo Entertainment
News Summary
- Interactive Brokers is a global leader in electronic trading, known for its technology-driven, ultra-low-cost platform spanning stocks, options, futures, forex, bonds, and more.
- Unlike flashy apps that gamify trading, Interactive Brokers has historically targeted a more professional investor base: active traders, hedge funds, financial advisors, and institutions.
- The company offered over 8,200 forecast contracts (up 27% from last quarter) on its platform, and volumes traded in these grew 165% in Q3.
This article first appeared on GuruFocus.In July, I laid out the case for why Interactive Brokers (NASDAQIBKR) stood apart by focusing on fewer, richer clients. Since then, the thesis has held up [+15806 chars]
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