Interactive Brokers CEO Predicts More Consolidation in US Brokerage Industry
Posted: Mon May 16, 2016 5:31 pm
The Chief Executive Officer of Interactive Brokers, Thomas Peterffy has shared with the Financial Times in an interview that the U.S. stock brokerage industry is about to be greatly impacted in the years to come. Falling revenues, increasing regulatory requirements and higher costs are all to contribute to a smaller industry in the future, Peterffy told the FT.
The London headquartered newspaper owned by Nikkei has reported that one of the key innovators in electronic trading, has stated that only a minority amongst currently 4000 companies that are registered with U.S. regulatory bodies will be capable to survive in an ... (read more)