Great to see how Interactive Brokers is transforming to a market place. with the growth of ROBO and general investment trends, see significant opportunity for them to grow!
Covestor, an online investing marketplace, and Interactive Brokers Group, Inc. (NASDAQ: IBKR), the largest US electronic broker by daily average revenue trades, announced that they have entered into a definitive agreement under which Interactive Brokers will acquire Covestor. Covestor is a pioneer in the online investing business and the first digital asset management company to offer both active and passive investment options. Interactive Brokers is a major automated global electronic broker offering trading on over 100 electronic exchanges and trading venues around the world. The acquisition solidifies and expands Interactive Brokers' position as the leading platform for electronic trading and investing.