In recent developments, FundBank has announced the introduction of Prime Brokerage Services, as a result of their partnership with Interactive Brokers (NASDAQ:IBKR). Adam Rossiter, COO of FundBank, made the announcement on Tuesday, shedding light on the new service's capabilities. The service extends trading, clearing, custody, and reporting across 150 markets in 33 countries through advanced technology.
The Prime Brokerage Services will be accessible to clients via the FundBank Client Portal and is designed to cater specifically to investment funds and managers. The service aims to provide professional pricing, real-time market-risk insights, after-sales support, and personalized banking services.
One of the key features of this new service is IBKR BestX™, an advanced tool designed to maximize price improvement and minimize market impact. This tool is expected to ensure superior execution and price enhancement while offering cost-effective trading solutions for clients.
The platform also promises robust compliance with Global Regulatory Reporting standards such as FATCA, MiFID II, AML, GDPR. This compliance aspect is coupled with other comprehensive support features including pre-trade compliance checks and banking and broker services.
By facilitating the trading of a wide array of financial instruments across global markets, FundBank's Prime Brokerage Services aims to enhance its client experience and expand its reach in the financial services sector.
InvestingPro Insights
In light of FundBank's recent partnership with Interactive Brokers (IBKR), InvestingPro's real-time data and tips offer valuable insights. With a market cap of $33,760M and a P/E ratio of 14.44 as of Q3 2023, Interactive Brokers demonstrates strong financial performance.
InvestingPro's data further highlights the company's robust revenue growth, clocking in at 49.82% over the last twelve months as of Q3 2023. This is complemented by a gross profit margin of 90.25%, indicating a high level of operational efficiency.
Turning to InvestingPro Tips, two key insights stand out. Firstly, Interactive Brokers has high earnings quality, with free cash flow exceeding net income. This suggests a healthy financial state and the ability to generate cash effectively. Secondly, the company yields a high return on invested capital, indicating efficient use of capital to generate profits.
These metrics and tips align with the article's focus on Interactive Brokers' advanced technology and the launch of Prime Brokerage Services. With these strong financial indicators and the new service's potential, FundBank's partnership with Interactive Brokers promises to be a significant step forward.
For more detailed insights and additional tips, consider exploring InvestingPro's comprehensive offerings. With over 10 additional tips for Interactive Brokers alone, InvestingPro provides a wealth of information for informed investment decisions.
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