5 Best Online Broker Platforms For Options Traders
Reporter Vincent Mao points to key offerings of online brokers rated highest in IBD’s Special Report: 2013 Best Online Brokers, in the Options Trading Platform category. In the article, 5 Best Online Broker Platforms For Options Traders, Mao writes of Interactive Brokers offering, "The company offers a much more advanced tool for options traders […] within its Trader Workstation platform" that allows users to "view options chains, including key statistics such as implied volatilities and greeks." Interactive Brokers has optimized its platform for options traders and active investors seeking to trade across asset classes and global markets at the lowest possible cost.
IBD’s Top-Rated Online Brokers For Low-Cost ETF Trades
IBD reporter Trang Ho details what investors look for in an online broker when it comes to trading ETFs for the publication’s special report, 2013 Best Online Brokers. In IBD’s Top-Rated Online Brokers For Low-Cost ETF Trades, Ho notes that ETF providers have partnered with "brokerages to offer commission-free trading in hopes of attracting inflow." Interactive Brokers offers trading of 42 commission-free ETFs.
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Research, Stock Trading Tools Sharpen At Top Brokers
IBD reporters Ken Hoover and Donald H. Gold highlight the diverse products and trading tools brokerage firms offer their customers in Research, Stock Trading Tools Sharpen At Top Brokers, an article included in IBD’s Special Report: 2013 Best Online Brokers report. The article notes that, "At Interactive Brokers, which caters to a more sophisticated investor audience, the newest tool is the Probability Lab, which helps customers translate their basic view on a stock into a menu of options trades."
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Best Online Brokers: Which Fits Your Investing Style?
IBD’s Ken Shreve reports the results of the newspaper’s 2013 Best Online Brokers survey in an article entitled, Best Online Brokers: Which Fits Your Investing Style? Shreve summarizes the survey’s methodology and prime categories across which brokerages were measured. The article notes that if low costs and options trading are primary concerns, Interactive Brokers is among the highest ranked in those areas.
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Top 50 Brokers of 2013
Interactive Brokers was ranked number 14 in Futures Magazine’s annual list of the top 50 brokers. In Top 50 Brokers of 2013: Bruised and battered, but coming back strong, Futures Magazine’s Ginger Szala and Michael McFarlin question top futures commission merchants (FCMs) about regulatory and compliance issues, past, present and future, shrinking volumes and where the industry is headed.
Exclusive: Q3 2013 US Retail Currency Broker Profitability Report, IB #1
Interactive Brokers maintains its position for a fourth consecutive quarter as the leading currency broker by percentage of profitable customer currency accounts, according to a composite comparison produced by the Currency Magnates website. The comparison comprises data from the largest currency broker performance reports as submitted individually to the regulator, the National Futures Association (NFA). Additionally, for the first time since Currency Magnates began collecting these reports, Interactive Brokersalso led all brokers in active clients, showing 7.3% growth to 23,759 total accounts, the largest increase in new accounts among brokers included in the report. Ron Finberg of Currency Magnates noted that IB’s "numbers contrasted the entire US retail currency industry where brokers all reported customer contraction."
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3 Reasons to Choose a Discount Broker
In an article published in the My Money section of the U.S. News & World Report website, NerdWallet analyst Neda Jafarzadeh, outlines three reasons investors should keep an open mind about opening an account with a discount brokerage firm. Among the top reasons cited by Jafarzadeh to consider using a discount broker are the quality of trade execution provided and the potential cost savings of lower trading fees.
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Are You a Quant Star?
Barron's reporter Mike Hogan describes Quantopian, an online, do-it-yourself quantitative algorithm builder that has attracted users interested in building and testing their own trading algorithms. The algorithmic trading platform also fosters a social aspect of its offering through Quantopian Community, allowing its diverse user base to share algorithms and communicate with one another. Quantopian encourages users to back-test their algorithms across 11 years of available historical market data; the user is then provided with various performance results and risk/return metrics to evaluate the model. Quantopian plans to do an initial limited test of live algorithmic trading by a few of its more active subscribers, trailed by a more extensive 100-person test. Both, Hogan adds, “will be executed through an exclusive arrangement with Interactive Brokers […], Barron’s top rated online broker in 2013[…] and in 2012[…]”
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The world of electronic options trade, according to Peterffy
Interactive Brokers chairman, founder and CEO, Thomas Peterffy's views on electronic options trading were highlighted in a Q&A segment of Automated Trader's Q3 2013 magazine. Peterffy discusses the shift from open outcry trading of options to computerized trading, current regulations for options market makers and the evolution of options trading.
Of pits and puts: the case for options algos
Automated Trader reporter Eva Szalay explores the use of execution algos for options in Of pits and puts: the case for options algos, an article included in Automated Trader's Q3 2013 magazine. Szalay describes the explosion in screen-traded options in recent years, highlighting the impact low-cost offerings from brokers, centralized clearing and substantial liquidity have had on the growth of electronic options trading in the United States. Ms. Szalay details the increasing use of algorithms to execute options trades as well, highlighting the "options-friendly" Accumulate/Distribute algorithm from Interactive Brokers, “which slices an order into smaller randomly sized orders”.
For Faster Cash, Buyers Live on the Margin
Wall Street Journal reporter Anya Martin outlines the rise in the use of margin loans for short-term financing by potential home buyers in For Faster Cash, Buyers Live on the Margin. The article, which appeared in the Mansion section of the WSJ on Friday, July 19th, 2013, describes who is using margin debt as short-term financing and some of the reasons why. Martin goes on to highlight pricing advantages of margin loans over other types of loans and potential tax benefits, but notes the risks involved in using short-term financing to fund long-term purchases.
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Interactive Brokers’ Magic Moment
Barron’s columnist, Steven M. Sears, highlights the ever-evolving financial markets and Interactive Brokers’ chairman, founder and CEO, Thomas Peterffy’s ability to successfully navigate the changing landscape. In correspondence with Sears, Peterffy noted, “I am focused on brokerage. The global exchange space, the rules and interfaces to over 100 venues, is continuously evolving, and in order to be able to provide best executions we must be on top of that technology at all times.” Sears notes that, with Peterffy at the helm, IB is well positioned to take advantage of financial markets in flux.
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Q1 US Broker Profitability Report Showing Signs of Optimism
Interactive Brokers maintains its position for a second consecutive quarter as the leading currency broker by percentage of profitable customer currency accounts, according to a composite comparison produced by the Currency Magnates website. The comparison comprises data from 10 of the largest currency broker performance reports as submitted individually to the regulator, the National Futures Association (NFA). Additionally, Interactive Brokers’ new account increase of 17.7% to 19,666 accounts during the quarter is the largest increase in new accounts among brokers included in the report.
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Back Online!
Interactive Brokers was awarded top honors in Barron’s 18th annual ranking of the Best Online Brokers, securing the #1 spot for the second year in a row. In addition to taking top honors overall, IB was named “Best for Frequent Traders”, “Best for International Traders” and “Best for Options Traders” in this year’s review. Barron’s columnist and operator of the Best Online Brokers annual ranking, Theresa W. Carey, noted IB “offers superb trading technology, improved portfolio analysis, and enhanced educational offerings,” adding “the firm’s mobile application, Trading Assistant, alerts you to market opportunities around the world, in real time.”
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Wall Street Letter 2013 Institutional Trading Awards
Interactive Brokers was awarded Best broker dealer – options and Best broker dealer – futures at the Wall Street Letter 2013 Institutional Trading Awards. The Awards recognize excellence among providers to the institutional trading industry. The Wall Street Letter appoints a panel of independent judges to determine winners, “based on the level of innovation and client satisfaction applicants illustrate.”
To view the 2013 Awards Winners, please click here.
Electronic Options Trading on the Rise
In an OpenMarkets Magazine article entitled, Electronic Options Trading on the Rise, reporter Karen Epper-Hoffman describes the shift toward “greater electronification” of a traditionally pit-traded product. Ms. Epper-Hoffman spoke with Interactive Brokers founder and CEO, Thomas Peterffy, about the transition to electronic options trading. An early proponent of improving trading efficiency through the use of automation, Peterffy believes electronically executed trades have a lower error rate versus those that are pit-traded, and help make markets more transparent.
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Best Online Brokers
Interactive Brokers ranked highly across a number of critical factors in Investor’s Business Daily’s (IBD) special report: Best Online Brokers. According to IBD, “the study was designed to measure the customer experience and satisfaction of investors with their primary online brokers.” IBD asked thousands of investors to rate their online broker across 12 key categories. Results of the study highlight Interactive Brokers’ strength across the following six categories: Low Commissions & Fees, Options Trading Platform, ETF Choices, Trade Reliability, Equity Trading Tools and Mobile Platform/Trading.
Options Investors Crave Education, High-Tech Tools
Reporter Donald H. Gold points to critical offerings of online brokers rated highest in IBD’s Special Report: Best Online Brokers, in the Options Trading Platformcategory. In the article, Options Investors Crave Education, High-Tech Tools, Gold writes, “the demands of an online options broker will be different than those of a straight stock-trading platform.” Interactive Brokers has optimized its platform for options traders and active investors seeking to trade across asset classes and global markets at the lowest possible cost.
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Today’s Battle Of The Brokers Is Being Waged In Your Hand
Many active traders and investors require the ability to trade anywhere, anytime. IBD reporter Ken Hoover discusses the technology that allows investors to trade on-the-go in Today’s Battle Of The Brokers Is Being Waged In Your Hand, an article included in IBD’s Special Report: Best Online Brokers.Interactive Brokers provides customers with a suite of mobile trading solutions across operating systems, and, highlights Hoover, “goes way beyond tools for successful investing in stocks on a mobile device,” adding, “[Interactive] offers access to global markets, bonds, options, option chains, currency and futures with real-time news and sophisticated tools.”
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Trading Costs, Menu of ETFs Differentiate Online Brokers
IBD reporter Trang Ho details what investors look for in an online broker when it comes to trading ETFs for the publication’s special report on the Best Online Brokers. In an article entitled, Trading Costs, Menu of ETFs Differentiate Online Brokers, Ho writes, “leading online brokerages offer free ETF trades or dirt-cheap rates.” Interactive Brokers provides free trading of 36 commission-free ETFs and charges half a cent per share per trade, with a minimum of $1.00 and a maximum of 0.5% of trade value.
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Q4 2012 Currency Traders Profitability Report
Interactive Brokers was ranked leading currency broker by percentage of profitable customer currency accounts, according to a composite Currency Broker Comparison produced by the website Currency Magnates. The comparison was comprised of data from 11 of the largest currency broker performance reports as submitted individually to the regulator, the National Futures Association (NFA), for the fourth quarter of 2012.
To view the full broker comparison, please click here.
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