Interactive Brokers Reports 22% Increase in October Volumes

[kreslik.news]

Electronic brokerage firm Interactive Brokers LLC (NASDAQ:IBKR) said its trading volumes shot higher in October from a month earlier, an indication that confidence by investors in the financial market is rebounding after being fairly mixed in the third quarter.

Rising volatility has improved the trading volumes, with October data showing the second monthly rise in a row. But it is not clear whether that will be enough to accelerate the revenue growth after the company reported a modest increase in the third quarter, or how it could affect margins for the multi-asset broker and market-maker.

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