“News” from IB about IBCE & their Budapest office.
…oh and really impressive y/y growth of users (>50%), and it’s not like IB is a new start-up & was “small” a year ago. Their system hasn’t always been 100% stable in 2020, but let’s hope part of that has been due to all those new users.
As a comparison, Swissquote, which also reported being over-run with new clients during the first lockdown/crash, increased client numbers by 50’000 Jan to June 2020, from about 350’000 at year-end 2019.
Interactive Brokers expands Central European operations
Dec. 14, 2020
- Interactive Brokers Central Europe Zrt., (IBCE) opening of an office in Budapest.
- With this addition, the bank will now serve 1M+ client accounts in more than 220 countries and territories.
- “We plan to make Budapest the center of our operations for Central Europe to keep pace with account growth, which has been rapid in both Western and Eastern Europe and around the world,” chairman Thomas Peterffy commented.
- As of Nov. 30th, client accounts worldwide had grown 52% Y/Y with over 80% of the expansion coming from outside of the U.S
Source Interactive Brokers expands Central European operations https://seekingalpha.com/news/3644154-interactive-brokers-expands-central-european-operations