IBKR Seeks National Trust Bank Charter: What it Means & Why it Matters

Key Takeaways IBKR is seeking a national trust bank charter to bring custody functions in-house.The trust charter boosts IBKR's appeal to RIAs, hedge funds and family offices seeking regulated custody.The move is expected to improve operating leverage and margins without a major boost to near-term revenue.Interactive Brokers (IBKR) , a well-known global online trading platform, is seeking a national trust bank charter from the Office of the Comptroller of the Currency (OCC). This was published on MSN, citin ...