Saturday, June 23, 2007

Interactive Brokers (Ticker: IBKR)

We got a few shares of Interactive Brokers (Ticker: IBKR) IPO in the Dutch auction, then, as the price dipped three more buys were made. Most recently the price has been all red, but the reason I like the stock is because I really like the company. I’ve been taking advantage of Interactive Brokers terrific trading technology and dirt cheap trading commissions for all non retirement (taxable) trading accounts. Another great aspect to Interactive Brokers service is portfolio level margin requirements which effectively allows for larger margining. I recently opened an Advisor account which allows for managing fifteen client accounts. All trades carried out in the master account are passed along to the client accounts. So far I’ve found Interactive Brokers software and trading tools to be nearly flawless and adaptable, and the trades fast and efficient. I usually get a great fill unless I’m trading a low volume stock or option.

And, nobody beats their price!

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