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08:51 AM
Leslie Kramer
Leslie Kramer
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Interactive Brokers' Options Price Improvement Twice That of Industry

Based on independent measurements, the Transaction Auditing Group, a third-party provider of transaction analysis, has determined that Interactive Brokers US option executions were improved by one dollar and fourteen cents per contract during the second half of 2007, fifty seven cents better than the rest of the industry. The analysis included all market orders in options with order sizes of one to 50 contracts. "Our singled minded focus on building IB SmartRoutingSM technology, lowering commissions, and creating trading tools that give our professional customers a competitive edge in the markets, helps to explain why traders who want to minimize their trading costs choose Interactive Brokers," said Steve Sanders, Interactive Brokers SVP of Business Development, in a press release.

Interactive Brokers Group, together with its subsidiaries, is an automated global electronic market maker and broker specializing in routing orders and executing and processing trades in securities, options, futures, foreign exchange instruments, bonds, and funds as a member of more than 70 electronic exchanges and trading venues around the world.

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