Interactive Brokers Reports Drop in Q1 2017 Revenues as Market Making Dwindles

[kreslik.news]

Shortly after the close of U.S. trading session, Interactive Brokers LLC (NASDAQ:IBKR), a global electronic multi-asset broker and market-maker listed on Nasdaq, has disclosed its financial results for Q1 2017, revealing that its metrics failed to live up to the strong performance of the equivalent quarter a year ago.

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During the reported quarter, the US brokerage has reported that its net revenues for Q1 2017 amounted to $374 million, which was lower by -23.5 percent compared with $489 million in the same period last ... (read more)