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Interactive Brokers sees UK revenues hike

Revenues rose 18% at the broker’s London unit in 2011, as it diversified into the precious metals and CFD markets

The London arm of Interactive Brokers, the largest online securities brokerage in the US, saw an 18% rise in revenues for 2011, as the firm reacted to falling trading volumes by diversifying away from its core business of equity and derivatives trading.

Revenues at Interactive Brokers UK topped £7m for the year ended December 31, according to accounts filed at Companies House.

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