New merger creates Britain’s second largest electronic retail brokerage

With £18 billion in assets under management and 300,000 retail clients across Britain, Canadian stock and equity experience meets British ingenuity

Britain is not only the number one electronic trading center in the world, but a continually developing one as large, established firms become increasingly UK-centric in their growth plans.

As last week drew to a close, Britain’s second largest retail electronic brokerage was created by Interactive Investor having begun preparations to buy TD Direct Investing, which will result in a new entity that has 300,000 customers and £18 billion in assets under management.

British traders and investors are by far the most astute and active in Europe, with Britain being home to many loyal and conservative investors and traders, compared with Europe’s non-financial markets orientation.

The deal will be financed by JC Flowers, the venture capital group with a financial services focus. It will become the majority shareholder in the new business.

Hargreaves Lansdown remains the largest electronic trading firm in Britain, with £62 billion in assets under management and a market capitalization of £5.69 billion.

Interactive Investor is a well known name in Britain, however, rather like Hargreaves Lansdown, is not part of the usual retail FX fraternity that interact with each other on a regular basis.

The company provides an execution-only online investment platform, under the designation ii, which enables users to manage & trade shares, funds, ISAs, SIPPs, as well as to engage in spread betting and FX trading, whilst also providing editorial content, news and market analysis.

Interactive Investor is based in Aldgate, London and was founded in August 1995 as “Interactive Investor International” the site was redesigned and the name was changed to Interactive Investor. The site claims to have about 7.4 million unique visitors each year and provides via its website a portfolio tracking tool, share research tools, alongside its electronically tradable instruments which are very much angled toward a British audience.

New competition within Britain’s retail sector has been growing in the form of low-cost “robo adviser” services which use algorithms to devise cheap portfolios for savers with smaller sums, however in this particular sector, whilst a new relative giant has been created, it will still remain well and truly in the shadows of Hargreaves Lansdown’s giant empire.

    Read this next

    Digital Assets

    Celsius founder Mashinsky agrees to shared lawyers with Sam Bankman-Fried

    Former Celsius CEO Alex Mashinsky has addressed potential conflicts of interest in his legal representation during a brief hearing in a New York courtroom.

    Digital Assets

    Sam Bankman-Fried captured in first jail photo

    Sam Bankman-Fried, the once-billionaire founder of FTX, has been spotted looking quite different with a new beard and a slimmer figure in a photo that’s been making rounds, reportedly taken inside New York’s Metropolitan Detention Centre.

    Market News

    Bitcoin stalls at $53,000 level, Ethereum reaches $3,000

    Bitcoin (BTC) faced renewed resistance at the crucial $53,000 level on Tuesday, indicating that the primary cryptocurrency is likely to continue consolidating before making its next decisive move.

    Digital Assets

    UK targets new laws for stablecoins and crypto staking within six months

    The United Kingdom is gearing up to enact fresh legislation regulating stablecoins and crypto staking within the next six months.


    Masa’s Milestones Before Mainnet Launch

    Since its launch in August 2022, Masa, the premier decentralized network for personal data, has experienced rapid growth, securing over 1.2 million unique wallets and accumulating more than 23 million data points. Despite a bear market, the network has attracted over 40,000 node operators to its testnet within just 18 months.

    Digital Assets

    Web3 Greatest Startup Competition Hits $10M in Prizes

    We’re thrilled to announce the return of the highly anticipated Startup Competition at Paris Blockchain Week. With a staggering array of prizes totaling over $10 million, encompassing funding, grants, credits, accelerations, listing, and more, this competition has become a cornerstone event within the blockchain startup ecosystem.  

    Digital Assets

    Hedge fund Tyr Capital faces dispute over exposure to FTX

    Crypto hedge fund Tyr Capital found itself embroiled in a dispute with one of its clients concerning its investment exposure to the bankrupt digital assets exchange FTX, as reported by the Financial Times on Tuesday.

    Retail FX

    Plus500 revenue down to $725 million, unveils $100M share buyback

    Israeli-based, but London-stock market listed Plus500 Ltd (LON:PLUS) today reported its 2023 results, which came “significantly ahead” of analysts’ estimates.


    Strategies for Profiting from Interest Rate Fluctuations

    The world of Forex trading is a complex and dynamic domain where interest rates play a pivotal role in shaping currency values. Octa’s team of financial experts delves into this intricate relationship, providing traders with a comprehensive understanding and strategies to harness economic indicators for enhanced trading performance.