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GREENWICH, Conn. - Interactive Brokers Group, Inc. (NASDAQ:IBKR), a global electronic brokerage firm valued at $74 billion and delivering a remarkable 52% return over the past year, has announced a series of updates to its IBKR Desktop trading platform. The enhancements aim to combine powerful trading technology with a streamlined user interface to support both novice and experienced investors.
The company stated that the updated platform would allow clients to execute trades across various asset classes and order types without incurring platform fees. Key features of the updated IBKR Desktop include support for multi-monitor setups, the introduction of ForecastTrader for trading predictions on various events, extended overnight trading hours for a range of US stocks and derivatives, and advanced stock screeners. For investors seeking deeper insights, InvestingPro offers comprehensive analysis tools and exclusive ProTips to complement IBKR’s trading platform capabilities.
The platform’s multi-monitor support feature enables users to view multiple detached layout screens and link panels across screens to monitor selected products. ForecastTrader offers clients the ability to trade forecast contracts based on political, economic, and climate events, although availability may vary by region.
Interactive Brokers has also expanded its overnight trading hours, allowing clients to trade over 10,000 US stocks, ETFs, and US Equity Index futures and options around the clock. This service was previously available on other trading platforms offered by the company.
In addition, the platform now includes enhanced screeners with MultiSort capability to help align stocks with trading strategies, and standard screeners to quickly scan markets based on various criteria such as region and sector. The updates also feature new alerts and notifications with sound options for price alerts and trade confirmations.
IBKR Desktop provides access to over 160 global exchanges, enabling clients to trade stocks, options, futures, currencies, bonds, and funds from a single unified platform. The platform is designed to optimize trading strategies and enhance investment portfolios through superior order execution, competitive pricing, and an extensive suite of global investment products.
Interactive Brokers emphasizes its commitment to delivering a world-class trading experience that prioritizes customization and flexibility. With an impressive 90.65% gross profit margin and consistent 17.65% revenue growth, the company has been recognized by the industry for its advanced technology and automated trade execution capabilities, serving a diverse range of clients, including individual investors, hedge funds, and financial advisors. According to InvestingPro, the company has maintained dividend payments for 16 consecutive years, demonstrating its financial stability and commitment to shareholder returns.
The updates to IBKR Desktop are part of Interactive Brokers’ ongoing efforts to provide advanced yet user-friendly trading tools to its clients. The information is based on a press release statement from Interactive Brokers Group, Inc.
In other recent news, Interactive Brokers Group, Inc. reported significant growth in its trading metrics for March, with Daily Average Revenue Trades (DARTs) reaching 3.471 million, marking a 44% increase year-over-year. Client equity rose to $573.5 billion, a 23% increase from the previous year, and margin loan balances saw a 24% hike, closing at $63.7 billion. The company also announced the launch of Forecast Contracts in Canada, allowing investors to speculate on economic and political events, following their introduction in the United States. Additionally, Interactive Brokers has expanded its cryptocurrency offerings to include Solana, Cardano, Ripple, and Dogecoin, providing a broader range of digital assets for trading. In corporate developments, Lori Conkling was appointed as an independent director, bringing her extensive media industry experience to the board. The brokerage also introduced NSE IFSC Nifty 50 Index Futures on the Singapore Exchange, aiming to provide cost-effective access to India’s market. These developments reflect Interactive Brokers’ commitment to expanding its product offerings and enhancing trading opportunities for its clients.
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