Interactive Brokers adds Singapore entity, opens office in the Marina Bay Financial District

Electronic trading major Interactive Brokers Group, Inc. (NASDAQ:IBKR) announces the addition of a Singapore entity Interactive Brokers Singapore Pte Ltd and the opening of an office located in the Marina Bay Financial District.

With the addition of Singapore, the global brokerage firm now has nine entities around the globe in the US, Australia, Canada, Hong Kong, India, Japan, Luxembourg and the UK, serving over 876,000 clients accounts in more than 220 countries and territories.

The brokerage explains that more than 37% of its accounts now come from Asia, up from 27% in 2017, and growth continues to be strong. Interactive Brokers’ office opening also comes as other brokers have exited Singapore or decreased their commitment to the country.

With its Singapore expansion, Interactive Brokers can now offer Singapore stocks to investors in the country and directly market its offerings, which include the ability to invest globally in stocks, options, futures, currencies, bonds and funds from a single Integrated Investment Account.

Interactive Brokers Singapore is led by an experienced team. Guillaume Roux-Chabert, who has extensive institutional experience, heads sales, and Kevin Tan, formerly executive director at a leading investment bank, serves as Interactive Brokers’ Singaporean CEO.

Interactive Brokers Group has been active in Singapore for many years and is well-known among the investment community. The company, which connects to 135 markets in 33 countries, has worked closely with the Singapore Exchange for over two decades, starting as a market maker and now as broker. Interactive Brokers Group actively participates on the SGX derivatives committee and has supported the Exchanges’ new initiatives such as SGX’s recently launched Single Stock Futures.