Electronic trading major Interactive Brokers (NASDAQ:IBKR) today introduced High Touch Prime Brokerage and Global Outsourced Trading, exclusive new services that help select US hedge funds manage and grow their businesses.
Targeted at active investors and institutional investors, Interactive Brokers offers a premier hedge fund brokerage solution, including trading, clearing, custody, reporting and other features. Eligible Interactive Brokers hedge fund clients can now benefit from high-touch services that seamlessly deliver Interactive Brokers’ automated and cost-effective platform, but with personal resources and attention. This allows hedge funds to spend more time implementing their investment strategy and with their clients.
“Hedge funds choose 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 point of contact familiar with their trading objectives and business strategies,” said Milan Galik, CEO of Interactive Brokers. “High Touch Prime Brokerage allows Interactive Brokers to compete with large prime brokers and removes a potential barrier for hedge funds that want to move to a low-cost platform but are used to personalized service.”
High Touch Prime Brokerage through Interactive Brokers offers access to a dedicated Relationship Manager who acts as a single point of contact for support and has a deep understanding of their client’s trading strategy and requirements.
The Relationship Manager will navigate the company on behalf of the fund to address questions or concerns, quickly resolve issues and facilitate special requests. This program also provides access to Interactive Brokers subject matter experts in Risk, Compliance, Securities Lending, Corporate Actions, Tax, Clearing, Transfers and Proxy to provide operational expertise and help hedge funds effectively manage businesses their.
High Touch Prime Brokerage clients also gain access to new IBKR Outsourced Trading offices located in Europe and Asia. The expansion of high-touch trading capabilities beyond North America allows portfolio managers to create an execution strategy and issue orders to an experienced IBKR trader 24 hours a day. This service is available for domestic and international stocks, options, bonds and other instruments.
Interactive Brokers Hedge Fund clients benefit from the following:
- The opportunity to invest globally in stocks, options, futures, currencies, bonds and funds from a single platform
- No custodial fees or AUM minimums
- The depth and breadth of short-term securities availability
- Margin rates up to 5.83%
- The ability to earn up to 4.83% USD on instant cash balances over USD 10,000
- Access to more than 100 order types and algos as well as advanced trading platforms such as Trader Workstation and API solutions
- The Hedge Fund Marketplace, which is an online version of a traditional Fund Entry program.