Founded in 1977 by Thomas Peterffy, the Interactive Brokers Group has become a lucrative Broker Dealer and counts with an equity capital of more than $8.5 billion. 

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Conducting its broker/dealer business on over 135 market destinations worldwide, the group and its affiliates execute almost two million trades per day. Currently headquartered in Connecticut, IBKR has offices in fourteen countries including the USA, Hong Kong, Switzerland, China, Russia and the UK. 

 

On December 1st, the automated global electronic broker released its monthly performance metrics for the month of November. 

 

Some highlights included a 179% increase in Daily Average Revenue Trades compared to the year prior, or a 30% increase when compared to the month of October. Ending client equity came up to $268.7 billion, 61% higher than the prior year. 

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And right now it's a great time to be an investor in Interactive Brokers Group, Inc. IBKR. In the past month the stock has increased by 10.4%, and is also above its 20 day SMA. This combination of favorable technical and strong price performance suggests that the stock is on the right path. And taking into account IBKR's recent earnings estimate revision activity, it's highly possible that the shares will continue their upwards trajectory. 

IBKR has also earned a Zacks Rank #2 (Buy), indicating that its recent run may continue and things are only just starting for the company.

 

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As scientists discover ways to develop treatments and edit the human genome to eradicate our vulnerability to thousands of diseases, the biotech sector is expected to skyrocket beyond $775 billion by 2024.

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