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Interactive Brokers Ranked No. 1 Software-Based Online Broker by Barrons

GREENWICH, Conn., March 7 /PRNewswire/

Interactive Brokers LLC (IB) came in as the Number One software-based broker in Barron's 2005 annual review of online brokerage firms.

IB also was the only broker to score a perfect 5.0 rating in the trading “costs” category due to its low execution and clearing costs worldwide. No other broker achieved a 5.0 rating in the eight categories reviewed by Barron's for both software-based and browser-based brokerage rankings.

“For the frequent traders who use software-based brokers, costs are even more important," Barron's wrote. "The only 'five' in this category was earned by Interactive Brokers, which has rock-bottom fees and no platform charges.”

A unit of the Interactive Brokers Group that pioneered trading technology for three decades, IB offers Universal Direct-Access Trading and sophisticated trade management tools at highly competitive costs to professional traders and investors worldwide. IB is the gateway to trading a broad array of financial instruments -- stocks, options, futures, corporate bonds as well as forex -- on over 50 exchanges and marketplaces in 14 countries.

“We provide the platform and design the tools that people need to achieve best execution in any class of financial instruments they choose on all major markets around the world,” said IBG Chairman Thomas Peterffy. “We are honored to have achieved the top ranking in Barron's. We'll continue to broaden the breadth of our global offering.”

IB is the first broker to provide direct-access forex trading with interbank quality spreads, institutional size and no conflict of interest. Unlike other FX dealers that trade against the customer, IB evaluates multiple major bank dealers and routes its customers' orders straight to the dealer with the best price.

In recent months, IB also added a number of products and features, including:

  • smart-routing for spread orders where IB undertakes the risk of any partially executed spread order involving stocks and/or options;
  • direct-access bond trading with immediate best-execution on the New York Stock Exchange (NYSE), the BondDesk ECN or IB's market-making affiliate Timber Hill;
  • IB SmartRouting Auto-Recovery service that automatically re-routes options orders when an options exchange experiences technical problems;
  • free Secure Transaction Program (STP), with IB identity token generating one-time use passwords.

Source: Interactive Brokers LLC
Barron's subscribers may click here to read the article.

Interactive Brokers Canada Inc. is a member of the Investment Industry Regulatory Organization of Canada (IIROC) and Member - Canadian Investor Protection Fund. Know Your Advisor: View the IIROC AdvisorReport. Trading of securities and derivatives may involve a high degree of risk and investors should be prepared for the risk of losing their entire investment and losing further amounts. Using borrowed money to finance the purchase of securities involves greater risk than using cash resources only. If you borrow money to purchase securities, your responsibility to repay the loan and pay interest as required by its terms remains the same even if the value of the securities purchased declines. Interactive Brokers Canada Inc. is an order execution-only dealer and does not provide investment advice or recommendations regarding the purchase or sale of any securities or derivatives. Our registered office is located at 1800 McGill College Avenue, Suite 2106, Montreal, Quebec, H3A 3J6, Canada.


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