Key Developments For Interactive Brokers Group, Inc.
Interactive Brokers Group, Inc. (IBKR.O) (Nasdaq)
Interactive Brokers Group, Inc. Announces Launch Of Online Indian Brokerage Unit
Interactive Brokers Group, Inc. announced that its recent regulatory approval by the National Stock Exchange of India (NSE) allows it to offer private Indian national residents and non-Indian national residents (in conformance with the FEMA Act 2000) market access through its online brokerage platform known as Trader Work Station (TWS). Interactive Brokers (India) Pvt. Limited, from its Mumbai offices, will allow Indian residents the ability to access more than 80 electronic bourses in 17 countries to which Interactive Brokers Group affiliates have membership. Indian customers will have immediate access to trading futures and options on the NSE, and IB India expects to offer trading in stocks soon. Clients will be able to trade these products from a single screen using IB`s technology.
Interactive Brokers Group, Inc. Issues Q3 2008 EPS Guidance Above Analysts' Estimates
Interactive Brokers Group, Inc. announced that for third quarter 2008 it expects diluted earnings per share to be between $0.55 and $0.65. According to Reuters Estimates, analysts are expecting the Company to report EPS of $0.47 for third quarter 2008.
Interactive Brokers Group, Inc. Offers 50,000,000 Shares At $33.50
Interactive Brokers Group, Inc. announced that it has filed a registration Form S-1 registration statement with the U.S. Securities and Exchange Commission on April 24, 2008. In the proposed secondary public offering, the Company is offering to sell up to 50,000,000 shares at a minimum price of $33.50 per share, of its class A common stock through WR Hambrecht + Co, LLC's OpenFollowOn(SM )auction-based process. All net proceeds from the sale of shares in the offering will be used to purchase approximately 12.5% of the membership interests of IBG LLC, the current holding company for the Company's electronic market making and brokerage business, from IBG Holdings LLC, which currently owns approximately 90% of IBG LLC. All net proceeds will be received by the members of IBG Holdings LLC.
Interactive Brokers Group, Inc. Acquires FutureTrade Technologies
Interactive Brokers Group, Inc. announced the execution of a definitive agreement to acquire FutureTrade Technologies and its wholly owned subsidiary, FutureTrade Securities for an undisclosed amount of cash.
Interactive Brokers Group, Inc. Announces Acquisition Of Kellogg Capital Group LLC's Specialist Unit
Interactive Brokers Group, Inc. announced that it has acquired the specialist operations of Kellogg Capital Group LLC on the American Stock Exchange. Terms of the transaction were not mentioned.
