Interactive Brokers
Interactive Brokers LLC is a brokerage firm that provides a platform for online trading in a variety of financial products, including stocks, options, futures, foreign exchange, bonds, mutual funds, and exchange-traded funds (ETFs). Established in 1993 and headquartered in Greenwich, Connecticut, the company operates as a subsidiary of IBG LLC. It generates revenue primarily through trading commissions, which account for approximately 31% of its net revenue, and from net interest income derived from client cash, making up about 64% of net revenue. The firm also earns fees from ancillary services, contributing around 6% to its revenue. A smaller portion, around 5%, comes from principal trading and other activities. Interactive Brokers serves a diverse clientele, with about 70% of its net revenue originating from the U.S. and the remaining 30% from international markets.
The Small Exchange conducts more participants to financial markets with simpler and smaller futures products. The company creates a future exchange to execute the trading of proprietary products for all types of market participants, with a focus on the public retail customer. It enables traders access to exclusive products that will develop new trading opportunities for investors of all sizes. The Small Exchange was founded in 2017 and is based in Chicago, Illinois.
Covestor, Inc. operates as a registered investment adviser providing an online investment marketplace that connects investors with portfolio managers, hedge funds, and money managers. Established in 2008 and based in Boston, Massachusetts, Covestor offers a variety of portfolios and investment advisory services, including both active and passive investing solutions. The platform features Portfolio Sync technology, which allows investors to replicate trades automatically, providing a user-friendly experience often described as “set and forget.” This innovative approach facilitates transparency in the investment management industry, enabling clients to compare and select from a range of top-performing investment professionals. Covestor is recognized for pioneering the online marketplace for separately managed accounts, and it also has an office in London, expanding its reach in the investment management sector.
Quadriserv, Inc. is an independent provider of technology and business model innovation specifically for the securities lending industry. Founded in 2001 and based in New York, the company offers products designed to facilitate market structure changes for various financial entities, including beneficial owners, agent and custodial banks, broker dealers, and hedge funds. Its flagship offerings include Aquas, a web-based application that supplies daily lending rates, historical market data, analytics, and trading tools to assist both lenders and borrowers in making informed investment decisions. Additionally, Quadriserv operates AQS, an automated marketplace for securities lending and borrowing, further enhancing its service portfolio. The company's solutions encompass market data, transactions, technology, and credit services, positioning it as a leader in the field. Quadriserv has been functioning as a subsidiary of PDQ ATS, Inc. since August 2015.
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