Interactive Brokers’ Price and Speed of Execution for Stocks Tops Industry
GREENWICH, Conn. — Based on independent measurements, the Transaction Audit Group (TAG), a third-party provider of transaction analysis, has determined that Interactive Brokers US stock executions were 0.35 of a cent per share better than the industry as a whole during the second half of 2007. Unlike other industry touted statistics that highlight the percent of orders improved but don’t consider the dollar amount of the improvement, TAG’s statistics factor in the amount of the improvement, including executions which had dis-improvement and no improvement. In addition, TAG also reported that Interactive Brokers executed orders six times faster than the rest of the industry, at a speed of 0.9 seconds vs. an industry average of 5.6 seconds. The analysis included all market orders of size less than 10,000 shares.
“Our singled minded focus on building SmartRouting(SM) technology, lowering commissions, and creating trading tools that give our professional customers a competitive edge in the markets helps to explain why traders who want to minimize their trading costs choose Interactive Brokers,” said Steve Sanders, Interactive Brokers SVP of Marketing and Product Development.
Those interested in finding out more about Interactive Brokers’ SmartRouting(SM) technology, ultra low commissions, and market-maker designed trading tools should visit www.interactivebrokers.com.
About Interactive Brokers
Interactive Brokers Group, Inc., together with its subsidiaries, is an automated global electronic market maker and broker specializing in routing orders and executing and processing trades in securities, options, futures, foreign exchange instruments, bonds, and funds as a member of more than 70 electronic exchanges and trading venues around the world. The company provides professional traders and investors with direct access to stocks, options, futures, forex, bonds and funds from a single IB Universal Account(SM). Employing proprietary software on electronic exchanges worldwide, Interactive Brokers is continuously integrating its software with a growing number of exchanges and trading venues into one automatically functioning, computerized platform that requires minimal human intervention.
Interactive Brokers LLC is a member of NYSE/FINRA/SIPC. Supporting documentation for any claims and statistical information will be provided upon request.
Since 1996, TAG has been the leader in independent Best Execution analysis throughout the US and now, Europe. Its products offer comprehensive assessment of execution quality for equities and options, utilizing massive real time market data and archival capabilities with proprietary measurement tools to create standardized and custom reports. TAG provides business intelligence to gain market share, differentiate from competitors, and validate performance. For more information visit www.tagaudit.com.
The Transaction Auditing Group, Inc. (TAG), an independent company, is not affiliated with Interactive Brokers. The statistics provided by TAG are from sources believed to be reliable, but TAG makes no representation as to the completeness or fitness for any particular purpose. Information produced by TAG is copyrighted and any unauthorized use, duplication, redistribution or disclosure is prohibited.
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