Thomas Peterffy, Founder and Chairman of Interactive
Brokers, appeared on CNBC to discuss the market rally following Donald Trump’s
recent election victory. Broker stocks, including Interactive Brokers, saw
notable gains as part of the rally.
Regulatory Changes Driving Activity
Peterffy acknowledged that while the surge may not be fully
justified, he sees a more favourable regulatory environment as a key factor in
driving future market activity. “We certainly are looking at a better
environment from a regulatory standpoint, and that is going to be a great deal
of help,” he said.
He also addressed the growing trend of overnight trading.
According to Peterffy, liquidity in these markets will soon match that of
daytime trading. “In a few years, there will practically be no difference
between trading during the day and trading at night. Liquidity will be equally
good 24 hours a day,” he stated.
Peterffy further discussed the potential of prediction
markets, a product launched by Interactive Brokers. He predicted that these
markets could surpass equities markets in size, with liquidity being the main
challenge to overcome.
“This is going to be a huge market… It is going
to be a larger market, in my view, than the equities market, maybe in 16 years
or so, because it will grow very, very quickly,” he remarked.
Interactive Brokers Expands to Dubai
Meanwhile, Interactive
Brokers has opened a new office at the Dubai International Financial Center,
aiming to provide UAE and Gulf Cooperation Council traders and investors with
access to global markets, as reported by Finance Magnates.
This expansion is in response to growing demand for
financial services in the region. The DIFC office will cater to a variety of
clients, including active traders, high-net-worth individuals, hedge funds, and
family offices.
Clients can access over 150 global markets via a single
platform, offering a range of asset classes. Interactive Brokers also holds a
Category 4 license from the Dubai Financial Services Authority.
This article was written by Tareq Sikder at www.financemagnates.com.
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