Interactive Brokers Financial Products (IBFP), which is active in the German certificates market has entered the OTC market with a suite of warrants and knock out products. IBFP is a subsidiary of the Interactive Brokers Group.
IBFP made its products available on an over the counter basis via its TradeLink platform at the beginning of this week. It had previously issued its products on the Euwax trading segment of the Stuttgart Stock Exchange and on the Certificate Stock Exchange in Frankfurt.
The main advantage for IBFP is that the usual fees of listing products on the stock exchange do not apply, a benefit that is passed on to investors, said Josef Kornmann, a managing director and member of the board at IBFP.
The IBFP has been active in the German certificates market for over three years and offers a catalogue of leverage certificates such as warrants and turbo certificates. IBFP’s underlyings are limited to a reduced pool of assets including the Dax, MDax and TecDax and some US shares are offered to investors.
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