Latest news with #InteractiveBrokers'
Yahoo
05-06-2025
- Business
- Yahoo
The genie is out: 24-hour trading gaining momentum, Interactive Brokers chairman says
(Reuters) -Interactive Brokers Chairman Thomas Peterffy on Thursday said 24-hour trading has become more acceptable, calling it a genie that is hard to put back into the bottle, at the Piper Sandler Global Exchange & Trading Conference. Global interest in the lucrative U.S. equity market has surged in recent years, driven by rising retail participation, prompting exchanges and financial firms to seek new methods to expand access, particularly by extending trading hours. "24 hours' trading is obviously very important to many people in the far Middle and near East, much more so than in the U.S. or even in Europe," Peterffy said at the conference. In May, about 2.2% of Interactive Brokers' volume was done in overnight trading, Peterffy said, adding that he expects the number to rise to 25% to 30% in the next year. Interactive Brokers launched overnight trading in November 2022, while exchanges like Nasdaq, Cboe Global Markets and Intercontinental Exchange, the operator of the New York Stock Exchange, have announced plans for extended trading hours. Ken Griffin's Citadel Securities had flagged risks of 24-hour trading to the Securities and Exchange Commission in April, highlighting the need for a clear regulatory framework and market infrastructure to support its implementation.
Yahoo
05-06-2025
- Business
- Yahoo
The genie is out: 24-hour trading gaining momentum, Interactive Brokers chairman says
(Reuters) -Interactive Brokers Chairman Thomas Peterffy on Thursday said 24-hour trading has become more acceptable, calling it a genie that is hard to put back into the bottle, at the Piper Sandler Global Exchange & Trading Conference. Global interest in the lucrative U.S. equity market has surged in recent years, driven by rising retail participation, prompting exchanges and financial firms to seek new methods to expand access, particularly by extending trading hours. "24 hours' trading is obviously very important to many people in the far Middle and near East, much more so than in the U.S. or even in Europe," Peterffy said at the conference. In May, about 2.2% of Interactive Brokers' volume was done in overnight trading, Peterffy said, adding that he expects the number to rise to 25% to 30% in the next year. Interactive Brokers launched overnight trading in November 2022, while exchanges like Nasdaq, Cboe Global Markets and Intercontinental Exchange, the operator of the New York Stock Exchange, have announced plans for extended trading hours. Ken Griffin's Citadel Securities had flagged risks of 24-hour trading to the Securities and Exchange Commission in April, highlighting the need for a clear regulatory framework and market infrastructure to support its implementation.
The Star
27-05-2025
- Business
- The Star
Semiconductor ETF options show caution ahead of Nvidia results
FILE PHOTO: Nvidia logo and rising stock graph are seen in this illustration taken, January 27, 2025. REUTERS/Dado Ruvic/Illustration/File Photo NEW YORK (Reuters) -Traders in the options markets are bracing for industry-wide volatility when AI-chipmaker Nvidia reports results on Wednesday, with defensive options contracts on a major semiconductor ETF drawing heavy trading. For VanEck Semiconductor ETF, the largest semiconductors ETF with some $22 billion in assets, about 2.4 put options changed hands daily over the last 10 days against every call option traded, the most defensive the trading has been in about 10 months, according to Trade Alert data. Call options convey the right to buy shares at a fixed price in the future while put contracts offer the right to sell the shares at a given price. "The put buying in SMH ahead of Nvidia's earnings reflects growing concern about potential volatility for the entire sector following the report," said Chris Murphy, co-head of derivative strategy at Susquehanna Financial Group. On Tuesday, some 105,000 put options changed hands against about 16,000 call options, by 3 p.m. ET (1900 GMT), Trade Alert data showed. In one notable trade, one investor last week bought 50,000 put options in SMH that would guard against the ETF's shares slipping about 10%, to below $220, by the end of May. Nvidia accounts for about a fifth of the semi ETF's assets but due to its dominance in the artificial intelligence market, the chipmaker's influence goes beyond its weight in the fund, analysts said. While investors have been focused on defensive plays in the SMH ETF, options action on Nvidia itself was more mixed, Murphy said. Murphy said investors were selling options to take advantage of heightened volatility expectations around the chipmaker's earnings, meaning they were betting the reaction to the chipmaker's results will not be overly severe. "It's been hedging in SMH while in NVDA they're tactically monetizing elevated premiums ahead of earnings," he said. Susquehanna makes markets in the securities of Nvidia. Interactive Brokers' list of the 25 most active securities by client orders showed Nvidia ranked second, underlining the heightened investor interest in the results. Still, the stock was only one of two names for which investors were net sellers. "That likely reflects some caution ahead of earnings after a solid run," Steve Sosnick, Interactive Brokers' chief strategist, said in a note. Nvidia will be the last of the "Magnificent Seven" megacap tech and growth companies to report results for this period. Their stocks have been mixed in 2025 after leading the market higher as a group in the last two years. For the year, Nvidia shares are up about 0.7%, while SMH shares are up about 1.2%. (Reporting by Saqib Iqbal AhmedEditing by Rod Nickel)
Yahoo
27-05-2025
- Business
- Yahoo
Semiconductor ETF options show caution ahead of Nvidia results
By Saqib Iqbal Ahmed NEW YORK (Reuters) -Traders in the options markets are bracing for industry-wide volatility when AI-chipmaker Nvidia reports results on Wednesday, with defensive options contracts on a major semiconductor ETF drawing heavy trading. For VanEck Semiconductor ETF, the largest semiconductors ETF with some $22 billion in assets, about 2.4 put options changed hands daily over the last 10 days against every call option traded, the most defensive the trading has been in about 10 months, according to Trade Alert data. Call options convey the right to buy shares at a fixed price in the future while put contracts offer the right to sell the shares at a given price. "The put buying in SMH ahead of Nvidia's earnings reflects growing concern about potential volatility for the entire sector following the report," said Chris Murphy, co-head of derivative strategy at Susquehanna Financial Group. On Tuesday, some 105,000 put options changed hands against about 16,000 call options, by 3 p.m. ET (1900 GMT), Trade Alert data showed. In one notable trade, one investor last week bought 50,000 put options in SMH that would guard against the ETF's shares slipping about 10%, to below $220, by the end of May. Nvidia accounts for about a fifth of the semi ETF's assets but due to its dominance in the artificial intelligence market, the chipmaker's influence goes beyond its weight in the fund, analysts said. While investors have been focused on defensive plays in the SMH ETF, options action on Nvidia itself was more mixed, Murphy said. Murphy said investors were selling options to take advantage of heightened volatility expectations around the chipmaker's earnings, meaning they were betting the reaction to the chipmaker's results will not be overly severe. "It's been hedging in SMH while in NVDA they're tactically monetizing elevated premiums ahead of earnings," he said. Susquehanna makes markets in the securities of Nvidia. Interactive Brokers' list of the 25 most active securities by client orders showed Nvidia ranked second, underlining the heightened investor interest in the results. Still, the stock was only one of two names for which investors were net sellers. "That likely reflects some caution ahead of earnings after a solid run," Steve Sosnick, Interactive Brokers' chief strategist, said in a note. Nvidia will be the last of the "Magnificent Seven" megacap tech and growth companies to report results for this period. Their stocks have been mixed in 2025 after leading the market higher as a group in the last two years. For the year, Nvidia shares are up about 0.7%, while SMH shares are up about 1.2%. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
13-05-2025
- Business
- Business Wire
Interactive Brokers Expands ETF Offering with Ping An of China CSI HK Dividend ETF
GREENWICH, Conn.--(BUSINESS WIRE)-- Interactive Brokers (Nasdaq: IBKR), an automated global electronic broker, has added the Ping An of China CSI HK Dividend ETF to its growing lineup of ETFs. This ETF is available through Interactive Brokers' no-transaction-fee program and gives investors an efficient and cost-effective way to invest in dividend-rich companies listed on the Hong Kong Stock Exchange. 'Our no-transaction-fee ETF program is a testament to our commitment to providing low-cost trading,' said Steve Sanders, EVP of Marketing and Product Development, at Interactive Brokers. Share The Ping An of China CSI HK Dividend ETF tracks the CSI Hong Kong Dividend Index, which includes 30 highly liquid securities known for strong and consistent dividend payments. With sector exposure in financial services, energy, and communications services, the ETF allows traders to diversify their portfolios and access one of Asia's most dynamic economies, all within a single product. 'Our no-transaction-fee ETF program is a testament to our commitment to providing low-cost trading,' said Steve Sanders, EVP of Marketing and Product Development, at Interactive Brokers. 'Adding the HK Dividend ETF gives investors another flexible tool to expand their global exposure.' Interactive Brokers' no-transaction-fee (NTF) ETF program features over 150 products. Eligible IBKR Lite clients in the US enjoy commission-free access, while IBKR Pro clients are reimbursed for commissions if ETF shares are held for at least 30 days, helping reduce costs and maximize returns. To learn more about Interactive Brokers' NFT ETF program, visit: IBKR No-Transaction-Fee ETFs – US and countries served by IB LLC The best-informed investors choose Interactive Brokers About Interactive Brokers Group, Inc.: Interactive Brokers Group affiliates provide automated trade execution and custody of securities, commodities, foreign exchange, and forecast contracts around the clock on over 160 markets in numerous countries and currencies from a single unified platform to clients worldwide. We serve individual investors, hedge funds, proprietary trading groups, financial advisors and introducing brokers. Our four decades of focus on technology and automation have enabled us to equip our clients with a uniquely sophisticated platform to manage their investment portfolios. We strive to provide our clients with advantageous execution prices and trading, risk and portfolio management tools, research facilities and investment products, all at low or no cost, positioning them to achieve superior returns on investments. Interactive Brokers has consistently earned recognition as a top broker, garnering multiple awards and accolades from respected industry sources such as Barron's, Investopedia, and many others.
