The service, deployed in two waves between April 2019 (standard sanctions regime) and July 2019 (MRB –Marijuana-Related Business- Securities), has become essential to the internationally renowned brokerage firm from a risk management perspective. With regulatory responsibilities at both the state and federal level in the US, on top of ongoing geopolitical uncertainty, the ability to manage risk on behalf of clients has never been more critical.

Interactive Brokers’ clients can invest in confidence via the platform, which provides support to cover them against risks associated with sanctioned people, entities, countries to associated entities, and ultimately shareholdings (financial instruments). Their risk exposure is continuously being monitored under the UN, EU, US OFAC, UK, Australia, Canada, Switzerland, Singapore and the Hong Kong Sanctions Regimes. Last but not least, Interactive Brokers helps their clients stay compliant with the changing legal landscape around marijuana.

Yochai Korn, Global Head of Market Data and Research at Interactive Brokers, said: “As an internationally known and relied-upon brokerage firm, having the right data is vital to mitigate any level of risk or ambiguity for our clients. At the same time, we don’t want to be over-cautious and banishing stocks for no reason.  Our partnership with SIX and their award-winning SSMS and MRB Securities solutions helps our clients walk this narrow line successfully. We look forward to continuing this partnership into 2020 and beyond as SIX continues to adapt to the changing landscape and bring on new services.”

Oliver Bodmer, Senior Product Manager, Financial Information, SIX, said: “Globalisation has seen the entire industry become more interconnected than ever before. This, coupled with rising geopolitical tensions, means traders face one of the most complex sanctions environments in history. Financial institutions need to ensure they aren’t getting tangled up with associated entities and financial instruments. Our relationship with Interactive Brokers delivers a data service that empowers clients to adapt quickly to regulatory demands and sanctions activity, enabling them to trade with confidence.”

Any questions?

Please do not hesitate to contact Julian Chan.

About SIX
SIX operates and develops infrastructure services in the Securities & Exchanges, Banking Services and Financial Information business units with the aim of raising efficiency, quality and innovative capacity across the entire value chain of the Swiss financial center. The company is owned by its users (122 banks). With a workforce of some 2,600 employees and a presence in 20 countries, it generated operating income of CHF 1.13 billion and Group net profit of CHF 120.5 million in 2019.

About Interactive Brokers Group, Inc.:
Interactive Brokers Group affiliates provide automated trade execution and custody of securities, commodities and foreign exchange around the clock on over 125 markets in numerous countries and currencies, from a single IBKR Integrated Investment Account to clients worldwide. We service individual investors, hedge funds, proprietary trading groups, financial advisors and introducing brokers. Our four decades of focus on technology and automation has enabled us to equip our clients with a uniquely sophisticated platform to manage their investment portfolios. We strive to provide our clients with advantageous execution prices and trading, risk and portfolio management tools, research facilities and investment products, all at low or no cost, positioning them to achieve superior returns on investments. Barron’s ranked Interactive Brokers #1 with 5 out of 5 stars in its February 24, 2020, Best Online Broker Review.