IBKR - Interactive Brokers

[Liberty]

http://www.businesswire.com/news/home/20170920005805/en/

Interactive Brokers Announces Strategic Investment in Tiger Brokers

[kab60]

I hate "strategic investments" which usually means one pays too much, but this does sound interesting even though it's impossible to gauge how material it is. I suppose it isn't really material since they don't disclose anything. Anybody knows anything about Tiger?

[Libs]

That was a good quarter. Revenue up ~25% Y/Y. They now break out the public shareholders' income, at $31MM after tax.
Barrons had a write-up, pointing out that IBKR will benefit greatly by increased volatility, which seems inevitable.

Here's the CC transcript:


https://finance.yahoo.com/news/edited-transcript-ibkr-earnings-conference-041102607.html

[benhacker]

In the long history of IB, they seem to keep chipping away at the "cons" list of reasons to use them.

This year:

1) Fixed two factor login (IB Key) -- usability is amazingly simple, even with many accounts.  Had a new client compliment the simplicity / sophistication of setup and login immediately after signing up.  Haven't ever had IB interface be considered a "pro" from a client before.

2) Fixed basic interface / web interface.  This just was upgraded yesterday across my accounts.  Upon 15 minutes of playing seems a dramatic UI improvement to solidly middle of the pack for US retail brokers.

3) Added central European stock exchange trading.

4) I've noticed support getting better too...

chip chip chip... IB can be like other brokers through a clearly defined path (if they want to).  Other brokers will never gain the advantages IB has (IMO).

Stock still expensive... I've been paring down again, still top 3 though.

[rb]

which central European exchange? Is this recently?

[benhacker]

Poland (stocks), Czech Republic (stocks), Hungary (CFDs).

Somewhat recently.... I think ~6-9 months ago.

[rb]

Poland (stocks), Czech Republic (stocks), Hungary (CFDs).

Somewhat recently.... I think ~6-9 months ago.

Hmm.... I got Poland and Hungary stocks and Czech CFDs but those have been available for years

[benhacker]

Hmm.... I got Poland and Hungary stocks and Czech CFDs but those have been available for years

Hmmm... really?  Only showed up for me this year... but maybe I didn't notice the change before than...

[Hielko]

Hmm.... I got Poland and Hungary stocks and Czech CFDs but those have been available for years

Hmmm... really?  Only showed up for me this year... but maybe I didn't notice the change before than...

I'm pretty sure it's new (like added this year). I had to add the trading permissions to use those stock exchanges, and I used to have simply every country selected.

[kab60]

In the long history of IB, they seem to keep chipping away at the "cons" list of reasons to use them.

This year:

1) Fixed two factor login (IB Key) -- usability is amazingly simple, even with many accounts.  Had a new client compliment the simplicity / sophistication of setup and login immediately after signing up.  Haven't ever had IB interface be considered a "pro" from a client before.

2) Fixed basic interface / web interface.  This just was upgraded yesterday across my accounts.  Upon 15 minutes of playing seems a dramatic UI improvement to solidly middle of the pack for US retail brokers.

3) Added central European stock exchange trading.

4) I've noticed support getting better too...

chip chip chip... IB can be like other brokers through a clearly defined path (if they want to).  Other brokers will never gain the advantages IB has (IMO).

Stock still expensive... I've been paring down again, still top 3 though.

Agreed. A lot of the flaws can be viewed as options. November numbers just out and looking really good. Impressive how growth is speeding up but not sure why it has run up so much. By far my largest position now at around 25 pct. of portfolio but paying 27-42 pct. taxes I'll just let it ride. Will be interesting to see what margins look like in 5-10 years.