Interactive Brokers to purchase FutureTrade

21 Nov 2007

Electronic options broker Interactive Brokers (IB) has reached agreement to acquire FutureTrade Technologies and its wholly-owned subsidiary, FutureTrade Securities for an undisclosed amount of cash.

Speaking on the acquisition, Thomas Peterffy, chairman at IB, said the acquisition was driven by a...

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“The introduction of these contracts to trading represents a new stage in developing the Russian market in fixed income instruments as in essence futures on federal bonds are derivatives on long-term interest rates.”

Evgeny Serdyukov, director of F&O at RTS