With the recent agreement to purchase FutureTrade, Interactive Brokers has established itself as the #1 Ranked Broker for Hedge Fund Trade Executions based on the recent 2007 Alpha Magazine Technology Awards. âThe combination of FutureTradeâs global execution technology with Interactive Brokersâ portfolio margin, smart & combination order routing, reporting, clearing, and settlement technology makes us the industry standard for any hedge fund that has a need to electronically execute and clear tradesâ said Steven Sanders, SVP of Product Development. Alpha Magazine, which is published by the Institutional Investor magazine, surveyed 300 hedge fund managers who collectively control $600 billion in assets, for its 2007 Top Technology Firms awards. FutureTrade faced tough competition from other software functionality providers including Banc of America Securities, Goldman Sachs & Co. and Bloomberg to clinch the overall award. It is expected that FutureTrade and Interactive Brokers will fully integrate their technology platforms in the next four to six months. FutureTrade customers will benefit from Interactive Brokers features including: * Order management and account access to stocks, options, futures, forex, and bonds on 70 market centers worldwide in one account * 14.85% price improvement on marketable US Equity Options vs. an industry average of 0.57%* * Real-time Portfolio Margin which allows increased leverage with greater safety * EFPs which provide a market-determined financing alternative Interactive Brokers clients will benefit from FutureTrade features including: * Industry standard trade entry tools for the hedge fund industry * Superior charting capability Customers will not lose any of the features and benefits of their current brokerâs technology platform. Over the coming months, clients can look forward to additional features provided by the combined platform. http://www.interactivebrokers.com/en/general/about/mediaRelations/11-29-07.php?ib_entity=llc
Wow, thats what I was hoping for. The execution services of IB combined with a professional high end platform. Maybe finally IB will start offering unrestricted ECN access.
It is nice to hear that. After or before IB and FutureTrade integration, I hope they can improve their automatic billing methods to support CTA, CPO, RIA, Friend and Family Advisors to become much CTA friendly billing system. I hope IB/ FutureTrade can support the following new options: A. (NEW OPTION) Percentage of MONTHLY Positive P&L applied as of January, February, March, April, May, June, July, August Sept, October, November, Dec (enter MONTHLY percentage) ------------------------ NOTE: This option is based on MONTHLY (not quarterly) per CFTC/NFA regulations. B. (NEW OPTION) Monthly/Quarterly Invoicing --- Your advisor calculates the Advisor Wrap Fees and removes the fees from your account up to a limit of ________ % (enter PERCENTAGE) per month OR ________ % (enter PERCENTAGE) per quarter. ----------------------------------- NOTE: This option is based on % (not based on absolute dollars amount) so that when client account equity increase, Advisor do NOT have to ask client for permission if the advisor fee is over the previous set dollars amount. IB is an excellent FCM. I like it. If IB can enhance their automatically billing system by adding the above new options, it will become even much better FCM for CTA, CPO, RIA and Friend & Family Advisors.
With the recent agreement to purchase FutureTrade, Interactive Brokers has established itself as the #1 Ranked Broker for Hedge Fund Trade Executions based on the recent 2007 Alpha Magazine Technology Awards. Does any one have such "the recent 2007 Alpha Magazine Technology Awards" list? URL? Thanks.