Interactive Brokers launches High Touch Prime Brokerage

Rick Steves

“High Touch Prime Brokerage enables Interactive Brokers to compete with large prime brokers and removes a potential barrier for hedge funds who want to move to a low-cost platform but are accustomed to personalized service.”

Interactive Brokers has launched High Touch Prime Brokerage and Global Outsourced Trading to help eligible US hedge funds manage and grow their businesses.

These exclusive new services by the automated global electronic broker delivers IBKR’s automated and cost-effective platform but with personal resources and attention, allowing hedge funds to spend more time on implementing their investment strategy and with their clients.

IBKR’s prime brokerage solution for hedge funds includes trading, clearing, custody, reporting, and other features.

IBKR’s High Touch Prime Brokerage competes with large prime brokers

Milan Galik, Chief Executive Officer of Interactive Brokers, said: “Hedge funds select Interactive Brokers for our automated systems and advanced trading technology, which can help keep costs low. However, we recognize that many hedge funds appreciate having a single contact familiar with their trading objectives and business strategies. High Touch Prime Brokerage enables Interactive Brokers to compete with large prime brokers and removes a potential barrier for hedge funds who want to move to a low-cost platform but are accustomed to personalized service.”

Hedge fund clients of Interactive Brokers benefit from the following:

  • The opportunity to invest globally in stocks, options, futures, currencies, bonds and funds from a single unified platform
  • No custody fees or AUM minimums
  • Depth and breadth of short securities availability
  • Margin rates as low as 5.83%
  • The ability to earn up to USD 4.83% on instantly available cash balances over USD 10,000
  • Access to over 100 order types and algos plus advanced trading platforms like Trader Workstation and API solutions
  • The Hedge Fund Marketplace, which is an online version of a traditional Capital Introduction program

High Touch Prime Brokerage through Interactive Brokers offers access to a dedicated Relationship Manager who serves as a single point of contact for support and has a deep understanding of their client’s trading strategy and requirements.

The Relationship Manager will navigate the firm on behalf of the fund to address questions or concerns, resolve issues quickly, and facilitate special requests. Access to Subject Matter Experts at Interactive Brokers in the Risk, Compliance, Securities Lending, Corporate Actions, Tax, Clearing, Transfers and Proxy departments is also available through this program to provide operational expertise and help hedge funds manage their businesses efficiently.

Clients of the High Touch Prime Brokerage service also gain access to new IBKR Outsourced Trading desks located in Europe and Asia. Expanding high touch trading capabilities beyond North America enables portfolio managers to craft an execution strategy with, and give orders to, an experienced IBKR trader 24 hours per day. This service is available for domestic and international stocks, options, bonds and other instruments.

Interactive Brokers has a strong capital position, conservative balance sheet, and automated risk controls designed to protect the company and hedge fund clients. Preqin’s 2023 Service Providers Report ranks Interactive Brokers as the top prime broker for hedge funds with AUM up to USD 50 million and the fifth largest prime broker overall by number of hedge funds clients. According to Preqin, Interactive Brokers has been one of the fastest-growing prime brokers for the fourth consecutive year.

Read this next

Industry News

T+1 settlement goes live today in Canada, Mexico, Argentina

“Shortening the time between the trade date and settlement date reduces risk in the system, and the industry has worked hard to prepare for this important change.”

Industry News

DanFX’s Daniel Farook Ali sentenced to 7 years after extradition

The Court sentenced Mr Ali to seven years and three months imprisonment, with eligibility for parole from 5 July 2024.

Market News

Global Currency Market Dynamics Influenced by US Bond Market Volatility

The recent turbulence in the US bond market has benefited the USD.

blockdag

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

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.

blockdag

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.

blockdag

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.

blockdag

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.

blockdag

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.

<