Interactive Brokers Group, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2020
January 19, 2021 at 04:03 pm EST
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Interactive Brokers Group, Inc. announced earnings results for the fourth quarter ended December 31, 2020. For the fourth quarter, the company announced net income was USD 71 million compared to USD 44 million a year ago. For the full year, net income was USD 195 million compared to USD 161 million a year ago.
Interactive Brokers Group, Inc. is an automated global electronic broker. The Company custody and service accounts for hedge and mutual funds, exchange-traded funds (ETFs), registered investment advisors, proprietary trading groups, introducing brokers and individual investors. It specializes in routing orders and executing and processing trades in stocks, options, futures, foreign exchange instruments (forex), bonds, mutual funds, ETFs, and precious metals on more than 150 electronic exchanges and market centers. In addition, its customers can use it trading platform to trade certain cryptocurrencies through third-party cryptocurrency service providers that execute, clear and custody the cryptocurrencies. Its key product offerings include IBKR Pro, IBKR Lite, and IBKR Universal Account. IBKRPro offers the lowest cost access to stocks, options, futures, forex, bonds, mutual funds, precious metals, and cryptocurrencies from a single unified platform with no added spreads.