Interactive Brokers (UK) Ltd, the British arm of US brokerage Interactive Brokers (IB), announced today a partnership agreement with London-based TradeStation International Ltd, a subsidiary of TradeStation Group, Inc., to offer a new trading product that combines capabilities of TradeStation platform and IB’s brokerage account.
The goal of the new “TradeStation Global” account is to give UK-based customers access to TradeStation premium features such as the RadarScreen® market monitoring and ranking tool, as well as its superior Charting package.
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Users will also benefit from Interactive Brokers’ comprehensive offering which employs its proprietary software to provides traders with electronic access to stocks, options, futures, forex, bonds and ETFs, and where available, Bitcoin futures. IB will integrate its multicurrency global account with a wide range of trading services including execution, clearing and settlement capabilities and very low margin rates.
After TradeStation parted ways with its foreign exchange business in 2016, the broker-dealer and Futures Commission Merchant (FCM) is now focusing its efforts on delivering best execution to its clients in exchange traded products.
Rustam Lam, CEO of TradeStation International Ltd, commented: “We are excited about the opportunities our clients will now have to trade global markets using the cutting-edge power of the TradeStation platform as connected to Interactive Brokers’ global execution capabilities. We believe this will be a great combination for eligible active traders and institutions looking to make the most of their trading ideas and opportunities on a global scale.”