TradeStation International Ltd and Interactive Brokers UK Ltd plan to offer global trading account

Maria Nikolova

This new “TradeStation Global” product combines the TradeStation trading analysis platform with Interactive Brokers’ multicurrency global account, execution, clearing and settlement capabilities.

TradeStation International Ltd, the London-based, United Kingdom subsidiary of TradeStation Group, Inc., announced today it has teamed with Interactive Brokers (U.K.) Limited, an affiliate of the Interactive Brokers Group, Inc. (IBKR), to offer a TradeStation Global platform and brokerage account with the ability to trade markets across the globe.

This new “TradeStation Global” product combines the award-winning TradeStation trading analysis platform – including a wide range of TradeStation premium features such as the RadarScreen® market monitoring and ranking tool, a market depth tool and the fully customizable TradeStation Charting package – with Interactive Brokers’ multicurrency global account, execution, clearing and settlement capabilities and very low margin rates.

Qualified clients will be able to access available market data from Interactive Brokers around the clock and to trade stocks, ETFs, futures (including, where available, Bitcoin futures), forex (major and minor currency pairs), CFDs and bonds, in over 100 markets across the UK, Europe, Scandinavia, United States and the Asia-Pacific region.

TradeStation Global clients will be able to fund their accounts in multiple currencies, as well as trade assets denominated in multiple currencies from a single account. Forex traders will be able to access combined liquidity from some of the world’s largest foreign exchange dealers and trade currencies at highly competitive rates.

“We are excited about the opportunities our clients will now have to trade global markets using the cutting-edge power of the TradeStation platform as connected to Interactive Brokers’ global execution capabilities,” said Rustam Lam, CEO of TradeStation International Ltd. “We believe this will be a great combination for eligible active traders and institutions looking to make the most of their trading ideas and opportunities on a global scale.”

Read this next

Retail FX

Interactive Brokers adds 680k accounts, daily trades hit two-year high

Interactive Brokers LLC (NASDAQ: IBKR) recorded 2.44 million daily average revenue trades (DARTs) in February 2024, marking a notable increase from the 2.2 million transactions observed in the previous month. This figure represents the highest DARTs reported in two years, indicating an 11 percent monthly surge and a 15 percent year-on-year rise.

Retail FX

Financial Commission adds Ultima Markets to membership roster

Multi-asset brokerage firm Ultima Markets, operating under the trading name Ultima Markets Ltd, has been granted membership of the Financial Commission, marking the most recent inclusion into the ranks of the self-regulatory organization.

Digital Assets

Bitcoin hits fresh record high amid massive short squeeze

Bitcoin has surged to record highs against both the euro and the pound, hitting €60,447 and £51,736 respectively on Coinbase. The primary cryptocurrency has seen an almost 7% increase in the past 24 hours.

Digital Assets

US court rules crypto trades as securities in Coinbase case

A US court ruled that trading crypto assets on platforms like Coinbase constitutes securities transactions.

Market News

Weekly Data: Oil and Gold: Brief Review before the NFP

This preview of weekly data looks at USOIL and XAUUSD where economic data coming up later this week are the main market drivers for the near short-term outlook.

Institutional FX

FXSpotStream reports lower volumes for February 2024

FXSpotStream’s trading venue, the aggregator service of LiquidityMatch LLC, reported its operational metrics for February 2024, which moved lower on a monthly basis.

Fundamental Analysis

Global FX Market Summary: EUR, USD, Gold March 4th,2024

US Dollar Weakness: The US Dollar (USD) is currently struggling to gain strength due to a combination of factors.

Technical Analysis

Bitcoin Technical Analysis Report 4 March, 2024

Bitcoin cryptocurrency can be expected to rise further toward the next resistance level 69000.00 (former multiyear high from January)

Opinion

Finding Opportunity in Challenge: Why New Regulations Offer a Chance For Business to Get on Top of Data Management

The combination of CESOP, PSD3 and the PSR, has put businesses under new pressures. In this engaging article, André Casterman, Senior Advisor at Intix provides invaluable guidance on how companies can stay ahead of the curve.

<