0001381197-18-000046.txt : 20180913 0001381197-18-000046.hdr.sgml : 20180913 20180913171443 ACCESSION NUMBER: 0001381197-18-000046 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20180911 ITEM INFORMATION: Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20180913 DATE AS OF CHANGE: 20180913 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Interactive Brokers Group, Inc. CENTRAL INDEX KEY: 0001381197 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-33440 FILM NUMBER: 181069480 BUSINESS ADDRESS: STREET 1: ONE PICKWICK PLAZA CITY: GREENWICH STATE: CT ZIP: 06830 BUSINESS PHONE: 203-618-5800 MAIL ADDRESS: STREET 1: ONE PICKWICK PLAZA CITY: GREENWICH STATE: CT ZIP: 06830 8-K 1 ibkr-20180911x8k.htm 8-K ibkr_8k-20180912





UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported):  September 11, 2018

INTERACTIVE BROKERS GROUP, INC.

(Exact Name of Registrant as Specified in its Charter)



 

 

Delaware

001-33440

30-0390693

(State or Other Jurisdiction
of Incorporation)

(Commission File Number)

(I.R.S. Employer Identification Number)



One Pickwick Plaza, Greenwich, CT 06830

(Address of Principal Executive Offices) (Zip Code)

(203) 618-5800

(Registrant’s Telephone Number, Including Area Code)

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:



 

□

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

□

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

□

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

□

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))



Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).



Emerging growth company □

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.    □





 



Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.



On September 12, 2018, Interactive Brokers Group, Inc. (the “Company”), provided written notice to the Nasdaq Stock Market LLC (“Nasdaq”) that it intends to voluntarily delist its Class A common stock (the “common stock”) from Nasdaq and intends to transfer the listing to the Investors Exchange LLC (“IEX”) on the opening of trading on October 5, 2018.  The Company has been authorized for listing on IEX, and its common stock will continue to trade under the stock symbol “IBKR” on IEX.



The Company’s Board of Directors approved the delisting of the Company’s common stock from Nasdaq and the listing and trading of its common stock on IEX on September 11, 2018.



A copy of the press release issued by the Company is furnished as Exhibit 99.1 to this Current Report on Form 8-K and incorporated herein by reference.



All of the information furnished in this report (including Exhibit 99.1 hereto) shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and unless expressly set forth by specific reference in such filings, shall not be incorporated by reference in any filing under the Securities Act of 1933, as amended, whether made before or after the date hereof and regardless of any general incorporation language in such filings.





Item 9.01 Financial Statements and Exhibits.



(d)Exhibits



99.1Press Release dated September 12, 2018.









***

 

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: September 13,  2018



 

 



INTERACTIVE BROKERS GROUP, INC.



 

 



 

 



By:

/s/ Paul J. Brody



Name:

Paul J. Brody



Title:

Chief Financial Officer, Treasurer
and Secretary



 

 



 

EXHIBIT INDEX



99.1Press Release dated September 12, 2018.

EX-99.1 2 ibkr-20180911xex99_1.htm EX-99.1 20180912 Exhibit 991

EXHIBIT 99.1





Interactive Brokers to Become First Company to List its Stock on IEX



GREENWICH, CT - September 12, 2018 — Interactive Brokers Group, Inc. (NASDAQ GS: IBKR) an automated global electronic broker, has decided to move the listing of its shares, symbol IBKR, to IEX. IEX is a new stock exchange striving to provide better trade executions than any other exchange, by providing certain new order types and by delaying the processing of all orders by 350 microseconds, targeted at preventing faster traders from front running orders.



IEX typically charges between $0.0003 and $0.0009 per share for execution of marketable orders, which by comparison, is far less than any of the largest exchanges.



Interactive Brokers has, ever since its inception, focused on providing best execution prices to its customers. Unlike most other banks or brokers, Interactive Brokers does not sell its customers’ orders to others for execution and neither does it take the other side of its customers’ orders.



“We currently execute some of our customers’ marketable orders at IEX because at the moment of execution, IEX offers us the best price for those orders, right in the middle of the displayed best bid and offer,” said Thomas Peterffy, Chairman and Founder of Interactive Brokers.



“This percentage will rise quickly if other investors route more of their orders to IEX. Just like we have, IEX has relentlessly focused on building technology to provide superior executions. We are on the same quest: our efforts dovetail with each other,” he added.



“We at Interactive Brokers understand that being the first listing on a new exchange may entail certain risk, but we think that individual and institutional customers who own and trade our stock will receive better execution prices and that advantage will outweigh the risk,” Peterffy said.



“I would like to suggest to other listed companies that the savings they would derive by moving their listing to IEX and paying substantially lower listing fees, plus the savings their shareholders are likely to derive from transacting on IEX would be well worth the expense of moving their listing to IEX,” he said.



About Interactive Brokers Group, Inc.: 

Interactive Brokers Group affiliates provide automated trade execution and custody of securities, commodities and foreign exchange around the clock on over 120 markets in numerous countries and currencies, from a single IB Universal Account℠ to clients worldwide. We service individual investors, hedge funds, proprietary trading groups, financial advisors and introducing brokers. Our four decades of focus on technology and automation has enabled us to equip our clients with a uniquely sophisticated platform to manage their investment portfolios at the lowest cost according to Barron’s Best Online Brokers review, March 26, 2018. 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.

For Interactive Brokers Group, Inc. Investors:

Nancy Stuebe, 203-618-4070 or Media: Kalen Holliday, 203-913-1369.