Interactive Brokers LLC

So let's dive into the latest with Steve Sosnick.

He is the Chief Strategist at Interactive Brokers.

Steve, thanks for joining us.

How's your day going?

All right.

A couple of other things to look at for the rest of the year.

We've been in conversation with Steve Sosnick, who is the Chief Strategist at Interactive Brokers.

Steve, thanks as always for your time and insights.

So let's dive into the latest with Steve Sosnick.

He is the Chief Strategist at Interactive Brokers.

Steve, thanks for joining us.

How's your day going? My pleasure, Ryan.

Joining me now is Steve Sosnick, Chief Strategist at Interactive Brokers.

Steve, welcome to the desk.

Well, it's great to be here.

great to have you.

All right.

So you have this unique window into what's being bought and sold with your clients at Interactive Brokers.

You were last on in early September.

What's the biggest change that you've noticed in trading behavior and investor sentiment between now and then?

They can build their own trading agent using whatever their favorite model is, and then connect it to the brokerage platform that they use.

Specifically, for example, now Coinbase, Robinhood, Interactive Brokers, and others are all doing this.

Well, that raises an interesting question.

What if that customer, could be you or I, puts in the wrong instructions or doesn't put in the right guardrails, or maybe the AI just learns on its own to engage in various types of conduct that are actually against the rules of the market.

KYC documents to open up a trading account.

I've got a trading account with Interactive Brokers.

I've got quite a bit of equities in there.

So I've got a KYC now as a Panamanian tax resident, Panamanian credentials, and I'm able to build my equities portfolio tax-free now, all with my Panamanian credentials that's costing me almost zero for the infrastructure.

Compared to Kraken's Bitnomial instance, which only roots through its own broker, Ninja Trader, this would offer hyperliquid perps to all of ICE's participating brokers.

The New York Stock Exchange alone has 168 member firms serving the public, including potentially giants like Schwab and Interactive Brokers.

The most influential exchange operator is building directly on hyperliquid infra to bring these new markets into a vast broker network.

It's crazy.

Welcome to the Master Investor Podcast with me, Wilfred Frost, where we celebrate and learn from the success of the greatest investors and business leaders in the world, giving you, our listeners, the edge.

The Master Investor Podcast is sponsored by Interactive Brokers, the World Gold Council, BMY Investments, and LSEG.

Please do remember the views expressed in this podcast are for general information purposes only.

Nothing in the podcast constitutes a financial promotion, investment advice or a personal recommendation.

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But for now, our thanks again to Maggie.

The Master Investor Podcast is sponsored by Interactive Brokers, the World Gold Council, BMY Investments, and ELSEG.

Please do remember the views expressed in this podcast are for general information purposes only.

Is it impressive? Do they do a really good job showing you their growth potential, assets under management? I think it was Mark Rudigev this morning on Substack who said...

You know, I think Interactive Brokers is kicking their ass almost.

He didn't say that exact phrase, but he was saying like IB, Interactive Brokers seems to be like the winner in this category right now.

And I would agree with that.

I thought Visa...

That was fiscal.ai that made this chart.

And you wonder why it's hitting all time highs, right? And Robinhood, I'll show you their assets under management growth to 395 billion.

Small beans compared to Schwab or something, right? Probably smaller than interactive brokers, I would imagine, by a lot.