Interactive Brokers Group, an automated global electronic broker, has announced that it plans to join the Tel Aviv Stock Exchange (TASE) through its Interactive Brokers UK subsidiary as a remote member.
Jon Chait, Chief Operating Officer at Interactive Brokers, said, "We are delighted to join the Tel Aviv Stock Exchange. We believe IB's international scope provides opportunities for investors to efficiently and cost effectively access smaller markets that larger established financial institutions don't serve because they don't see sufficient scale."
Mr. Chait noted, "IB's technology driven business model is not limited in this way. Our software is borderless, so investors can access international markets with the same efficiency regardless of where they are located."