Before I review the performance of our business segment, I’ll briefly mention the results of our currency hedging strategy. As you know, we maintain our equity in a self-defined basket of 16 currencies that we call the GLOBAL in order to minimize our exposure to currency fluctuations.As a globally diversified company doing business in 27 countries, we have fundings to be a prudent approach to reducing our currency risk. The value of the GLOBAL as expressed in U.S. dollar ticked up slightly during the quarter by nearly 1%. This had a positive impact on our comprehensive earnings to the [$34 million]. Paul will describe in detail, how this flowed through to our financials.
Interactive Brokers Group's CEO Discusses Q1 2012 Results - Earnings Call Transcript
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