Interactive Brokers Launches Money Manager Portal

Interactive Brokers Group is pleased to announce the launch of the IB Money Manager Marketplace, the first fully electronic forum designed to connect Wealth Managers and Money Managers.

Advisors focused on Wealth Management - that is, the gathering of client assets - connect with Money Managers, who are advisors with expertise in investing and trading equities, options, futures, 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, and bonds domestically or across international markets.

The IB Money Manager Marketplace provides a venue for Money Managers to advertise their trading expertise and access a large pool of potential new clients. Participants utilize IB's sophisticated Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term, Trader Workstation (TWS), and superior worldwide trade execution across multiple asset classes.

Advisors with clients at IB can easily access the fully electronic IB Money Manager Marketplace in Account Management. Money Managers complete an application to list trading services in the Marketplace by visiting the Money Manager Open Account page.

Steve Sanders, Executive Vice President, Business Development and Marketing, at Interactive Brokers Group, said of the Money Manager Marketplace, "The new program cuts out search costs for Wealth Managers seeking trading expertise for client accounts, and provides a one-stop-shop for Money Managers looking to market and use their skills to trade the world's markets."