Movement Alert|Interactive Brokers Rises 5.08% in Regular Trading, Partnership With Daol Investment Opens Korean Market Access

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Yesterday

On August 25, Interactive Brokers rose 5.08% in regular trading, reaching $97.87/share, with turnover of $245 million. The stock gained momentum following the announcement of a new collaboration with Daol Investment and Securities.

Interactive Brokers disclosed a partnership with Daol Investment and Securities to provide eligible Korean clients access to global stocks. Under the agreement, Daol will leverage Interactive Brokers' trading technology and software to process client transactions, with services including risk management tools and pricing models without ticket fees. The deal expands Interactive Brokers' Asia-Pacific footprint amid a period of accelerating growth, with the company reporting Q2 adjusted EPS of $0.69 versus $0.64 expected and revenue of $1.90 billion versus $1.80 billion expected.

Within the Investment Banking & Brokerage sector, broad-based strength was evident, with Futu Holdings up 9.01%, Robinhood up 8.25%, Goldman Sachs up 2.14%, Morgan Stanley up 1.14%, and Charles Schwab down 0.78%.

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