Tag Archives: IBKR

FAST URI Quick Blurbs

QUICK BLURBS [Ashtead, FAST, MSM, URI, ZN]
July 24, 2017

[ZN – Zion Oil and Gas] Heard about this stock on a podcast; I doubt[...]

ASHG

[ASHG] CHEAP STOCK OR VALUE TRAP?
July 14, 2017

“People always think more about how new ground can be broken than they think about[...]

SAMPLE POSTS AMZN

[AMZN] EXPLANATIONS MATTER
July 6, 2017

 “Theories are nets cast to catch what we call ‘the world’: to rationalize, to explain,[...]

INTU

[INTU] KIND OF INTO IT
June 27, 2017

(4,382 words) It seems not too long ago, business arrangements between application providers were called partnerships….now[...]

SAMPLE POSTS VRSK

[VRSK] HIGH QUALITY CASH COW, LIMITED REINVESTMENT OPPORTUNITIES
June 16, 2017

(2,414 words) When evaluating the competitive advantage of a data-based analytics business, three important questions[...]

ADS, IBKR, KMX, Quick Blurbs

QUICK BLURBS [ADS, AXP, BAC, IBKR, KMX, SVU]

Posted on by scuttleblurb
(4,146 words) [IBKR] Partly due to an exceptionally low volatility trading environment, which has made it difficult to earn profits and which Petterfy says may continue “indefinitely,” the company is winding down its options market making operations. While the company will use the excess capital from market making to further support its brokerage operations, the latter […]
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IBKR

[IBKR] LOW VOLATILITY WEIGHING ON COMMISSIONS; VALUATION STILL ATTRACTIVE

Posted on by scuttleblurb
(960 words) IBKR began as an electronic market making platform for professional traders at a time when market making was still mostly being conducted via open outcry.  Its foundation of technology and automation ensured transactions at the lowest cost and fulfillment at the best possible price, core capabilities that it later brought to bear in launching […]
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IBKR

IBKR IS IN CONVERSATIONS ABOUT SELLING OR JV’ING ITS MARKET MARKING BIZ

Posted on by scuttleblurb
(917 words) IBKR (12/7/2016: GS US Financial Services Conference) In 1990, electronic exchanges began to appear in Europe and Asia while the US remained on open outcry.  Petterfy interfaced its systems to those foreign exchanges and made markets in those exchanges.  Three years later the co. was running a large electronic network that included most […]
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IBKR

[IBKR] SOME OPINIONS ON AMTD / SCOTTRADE / IBKR

Posted on by scuttleblurb
(675 words) Before NPV’ing the tax shield, AMTD is paying around 3.8x revenue for Scottrade’s non-bank assets, implying Scottrade revenue of $710mn.  Co. says the “addressable expense base” at Scott is a whopping $750mn, which expense base can be cut by 60% within 3 years of close (w/ the biggest source of synergy coming from […]
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