Interactive Brokers, a global electronic broker, has announced the launch of two new services, High Touch Prime Brokerage and Global Outsourced Trading, aimed at assisting select US hedge funds in managing and expanding their operations. These services are designed to complement Interactive Brokers' existing suite of offerings tailored for active traders and institutional investors, including a prime brokerage solution encompassing trading, clearing, custody, reporting, and other features.

Enhanced Support for Hedge Funds

High Touch Prime Brokerage provides eligible hedge fund clients with personalized support, offering access to a dedicated Relationship Manager who serves as a central point of contact. This manager is equipped to address inquiries, resolve issues promptly, and facilitate special requests, drawing upon a deep understanding of the client's trading strategy and requirements.

“Hedge funds select Interactive Brokers for our automated systems and advanced trading technology, which can help keep costs low. However, we recognize that many hedge funds appreciate having a single contact familiar with their trading objectives and business strategies,” said Milan Galik, the Chief Executive Officer of Interactive Brokers. “High Touch Prime Brokerage enables Interactive Brokers to compete with large prime brokers and removes a potential barrier for hedge funds who want to move to a low-cost platform but are accustomed to personalized service.”

Additionally, clients have access to Subject Matter Experts across various departments within Interactive Brokers, providing operational expertise to enhance business management efficiency.

Interactive Brokers Introduces High Touch Prime Brokerage Service and Global Outsourced Trading for US Hedge Funds https://t.co/BKFE3ghLvo pic.twitter.com/Gy3ZSI6O6O

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Extending Trading Reach with IBKR Outsourced Trading Desks

Furthermore, clients availing of High Touch Prime Brokerage service gain access to IBKR Outsourced Trading desks in Europe and Asia, extending high touch trading capabilities beyond North America. This expansion enables portfolio managers to collaborate with experienced IBKR traders around the clock, crafting execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term strategies and placing orders for a variety of instruments including domestic and international stocks, options, bonds, and more.