Interactive Brokers Commences Bitcoin Futures Trading


Nov. 20 2020, Updated 12:29 p.m. ET

Market-making activities

Interactive Brokers Group (IBKR) has decided to close its options market-making activities. However, the brokerage giant will be continuing its trading activities related to stocks and other instruments. Whereas the company’s options market-making business received a positive response at the time of initiation, it then took a downturn, prompting management to close it.

Whereas Interactive Brokers’ last-12-month return on equity is 7.9%, peers (XLF) Financial Engines (FNGN), LPL Financial Holdings (LPLA), and Raymond James Financial (RJF) have returned 6.3%, 25%, and 12.1%, respectively.

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Accepting short sales on bitcoin futures

On December 10, 2017, due to a very positive response from clients, Interactive Brokers made available an option to make a trade on bitcoin futures on Cboe Futures Exchange (CFE), using the symbol “GXBT.” Interactive Brokers is also discussing making bitcoin futures available on the Chicago Mercantile Exchange (CME).


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