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
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
Every recommendation goes through 3 layers of intense scrutinyquantitative, fundamental and technical analysisto maximize profit potential and minimize risk.
Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.