GREENWICH, Conn. - Interactive Brokers (NASDAQ:IBKR) has announced an expansion of trading hours for US Treasury bonds on its platform, now allowing clients to trade for 22 hours each day. This update represents a significant increase from the previous nine-hour trading window, aiming to provide global clients the ability to react quickly to market changes.
The extended hours mean that trading sessions now close daily at 5:00 pm Eastern Time, reopening at 8:00 pm Eastern Daylight Time, and continuing until 5:00 pm the following day. During Eastern Standard Time, the market operates from 7:00 pm to 5:00 pm. This change is designed to cater to Interactive Brokers' international clientele, enabling them to trade US Treasuries during their local hours and respond to global economic events as they happen.
Thomas Frank, Executive Vice President of Interactive Brokers, commented on the expansion, emphasizing the company's commitment to providing a flexible and comprehensive trading environment. "With clients in over 200 countries and territories, it's essential that we accommodate their needs and provide opportunities to trade on a schedule that suits them best, especially in a market as crucial as that of US Treasuries," said Frank.
Interactive Brokers boasts a broad selection of over 1 million bonds, including corporate, municipal, treasury, and non-US sovereign bonds. Additionally, clients have free access to the IBKR Bond Marketplace search tool, which assists in searching and comparing bonds based on various criteria to meet specific investment needs.
This news is based on a press release statement from Interactive Brokers Group, Inc.
InvestingPro Insights
Interactive Brokers (NASDAQ:IBKR) has been a topic of positive discussion among analysts and investors alike. The company's recent move to extend trading hours for US Treasury bonds is just one of the many strategic decisions that have contributed to its robust financial performance. Here are some key metrics and tips from InvestingPro that highlight the company's current market position and future potential:
Interactive Brokers stands out with a Market Cap of $49.14 billion, reflecting its significant presence in the market. The company's P/E Ratio is currently at 19.79, which is considered low relative to its near-term earnings growth, according to InvestingPro Tips. This suggests that Interactive Brokers may be undervalued given its growth prospects. Additionally, the firm has demonstrated impressive revenue growth, with the last twelve months as of Q1 2024 showing an increase of 28.41%.
InvestingPro Tips also reveal that Interactive Brokers has maintained dividend payments for 15 consecutive years, indicating a reliable income stream for investors. Moreover, the company has seen a strong return over the last three months, with a price total return of 27.95%, and has been trading near its 52-week high, with the price at 99.15% percent of this peak.
For those looking to delve deeper, there are over 10 additional InvestingPro Tips available at https://www.investing.com/pro/IBKR. These tips could help investors make more informed decisions about their investments in Interactive Brokers. Remember to use coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, unlocking even more insights and analytics.
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