Interactive Brokers Group Slated to Reveal Next President, CEO

Interactive Brokers Group Inc. (IBKR) has finally clarified what investors were hoping for, announcing their new president and CEO to succeed Thomas Peterffy during the Q3 earnings call on October 13, 2014.

The new candidate will be the heir apparent to Interactive Brokers, one of the most established Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term brokers in the United States. The selection of a new face will not necessarily spell the retirement of Mr. Peterffy, who has no plans of stepping down, but rather merely putting into place a long-term succession plan.

According to Sandler O'Neill analyst, Richard Repetto, in a recent statement on the announcement, "Still, we don't expect a timeline when Mr. Peterffy, who still appears to enjoy his role in the company he founded, will retire or that the switch-over will take place anytime soon.”