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September 28, 2023 - Global brokerage firm Interactive Brokers Group has consolidated its European operations. Interactive Brokers Central Europe, based in Budapest, Hungary, has merged its client base and operations into Interactive Brokers Ireland in Dublin.
The merger aims to improve efficiency while retaining key talent and regional client focus. Interactive Brokers Ireland, regulated by Ireland's Central Bank, will manage the combined European business. Interactive Brokers Central Europe will continue serving clients, especially in Central and Eastern Europe.
Since starting post-Brexit, both entities supported significant European client growth as Interactive Brokers expands regionally.
Interactive Brokers CEO Milan Galik said, "This decision is consistent with the Group’s continuous focus on operational efficiency through automation, ensuring our ability to deliver best-in-class investment services at price points typically available only to industry professionals, and allowing us to maintain industry-leading profit margins."
Interactive Brokers operates globally, with over $377 billion in client assets across 220+ countries and territories.
Founded over 45 years ago, Interactive Brokers Group has grown into one of the world's largest securities firms, with over $12 billion in equity capital and $30 billion in market capital.
