IBKR launches daily options on the French CAC 40 index

Rick Steves

Daily Options on the CAC 40 index cater to growing demand for options with daily expirations, which have potentially lower costs.

Interactive Brokers has introduced Daily Options on the CAC 40 index to its product suite, thus providing experienced investors with another means to execute short-term trading strategies and manage exposure to the French stock market.

The automated global electronic broker is actively looking to attract options traders by enhancing its product offerings, such as with the addition of major indexes like the CAC 40, alongside stocks, bonds, funds, and more.

IBKR provides algorithmic trading options, risk management tools, and market scanners that help identify trading opportunities, particularly useful for options traders, who also benefit from the broker’s low cost of execution in high-frequency options trading.

The brokerage firm offers extensive resources, including webinars, courses, and tutorials tailored to both novice and experienced options traders.

Short-term trading strategies have potentially lower costs

Daily Options on the CAC 40 index cater to growing demand from institutional and retail investors for options with daily expirations. These options offer a unique opportunity to engage in short-term trading strategies with potentially lower costs due to their shorter time frame and thus decreased time value.

Milan Galik, Chief Executive Officer of Interactive Brokers, said: “We are pleased to offer Daily Options on the CAC 40 index, which will allow our clients to balance risk and swiftly adjust their portfolios in response to market movements. At Interactive Brokers, we strive to equip our clients with an array of products to find global opportunities, and this new offering underscores our commitment to providing traders with comprehensive product solutions.”

IBKR launched HK spot Bitcoin and Ether ETPs

Interactive Brokers recently launched Hong Kong Spot Bitcoin and Ether Exchange Traded Products (ETPs), available to trade on the Hong Kong Stock Exchange.

The automated global electronic broker first launched crypto trading in Hong Kong in early 2023, which included trading and custody of Bitcoin (BTC) and Ethereum (ETH) but only for professional investors.

In November 2023, IBKR HK obtained an SFC license to engage in virtual asset trading for retail clients. The license permits the brokerage to facilitate trading in major cryptocurrencies like Bitcoin and Ether, with a formal announcement anticipated shortly.

IBKR’s revenue figures exceeded Wall Street forecasts

Earlier this month, Interactive Brokers announced its first-quarter financial results for the period ending March 31, 2024. The leading automated global electronic broker reported a GAAP diluted EPS of $1.61 and an adjusted EPS of $1.64. Revenue figures exceeded Wall Street forecasts, with GAAP net revenues reaching $1,203 million and adjusted net revenues at $1,216 million.

IBKR derives nearly 70% of its net revenue from the U.S. market, with the remaining 30% coming from international operations. The company has seen a robust increase in its financials, with net income available for common stockholders rising from $148 million in Q1 2023 to $175 million in Q1 2024. This growth was supported by increases in both interest and non-interest income, indicating a diversified revenue stream.

Despite the strong financial performance, the discount broker reported a $104 million decrease in earnings due to its currency diversification strategy, which was affected by a 0.73% depreciation in the U.S. dollar value against its GLOBAL basket.

Read this next


Top 5 ICOs that are Likely to Explode in the Current Bull Run 2024

Explore top upcoming ICOs: BlockDAG, GBTC, TUK, SCOTTY, and SPONGE. Learn about their potential high returns and unique features.


BlockDAG’s Revolutionary Dev Release 36: Off-Chain PoW and a $30 Projection by 2030

Explore BlockDAG’s latest off-chain PoW innovation and its $32M presale success. Projected to reach $30 by 2030.


30,000x ROI Potential: BlockDAG Secures $33.5M in Presale, Outruns Retik Finance’s Bitmart Performance

Uncover how BlockDAG’s impressive $33.5M presale and its innovative platform draw investors away from Retik Finance following the Bitmart listing.


IT Professional Switches to Lucrative Crypto Mining Entrepreneur with BlockDAG’s Advanced Mining Technology

Learn how an IT pro turned Litecoin mining into a fortune. See if BlockDAG can match this with advanced mining tech and 30,000X ROI potential.


May 2024 Crypto Spotlight: Why Whales Are Choosing BlockDAG Over Retik Finance, Will CoinW & P2B Listing Save $RETIK?

Uncover why BlockDAG is winning over smart investors in May 2024, and surpassing Retik Finance’s performance on exchanges like CoinW and P2B.


Ethereum Leads Altcoins Toward a Huge Rally: Expert Top Picks for Altseson Unveiled

A fresh surge in alternative cryptocurrencies is building momentum as Ethereum leads the charge.


BEVM Unveils Groundbreaking Taproot Consensus for Decentralized Bitcoin Layer 2 Solution

On May 20, 2024, the Bitcoin Layer2 development team BEVM released the technical yellow paper titled “Taproot Consensus: A Decentralized BTC Layer2 Solution.”


AI Cryptos to Pump Hard After NVIDIA’s Q1 Earnings 📊

The recent earnings from a tech giant have hinted at a significant upswing for AI-focused cryptocurrencies.

Retail FX

Weekly Roundup: Republican to end Fed, Bankman-Fried moves to California

Let’s take a look back at top stories that dominated the financial markets in our Weekly Round coverage. This week’s digest takes a deep dive into the most recent events and trends within the Forex, Fintech, and cryptocurrency.