Interactive Brokers has rolled out a new product to enable institutional and retail traders to execute short-term trading strategies and manage exposure to the French stock market. Dubbed Daily Options on the CAC 40 Index, the offering promises to equip traders with tools to navigate global markets.

According to the company, the introduction of daily options addresses the increasing demand from investors for options with daily expirations. This demand is due to the need to engage in short-term trading strategies with potentially lower costs and flexibility.

Global Expansion Initiatives

Milan Galik, the Chief Executive Officer of Interactive Brokers, mentioned: "Daily Options on the CAC 40 index allow our clients to balance risk and swiftly adjust their portfolios in response to market movements. At Interactive Brokers, we strive to equip our clients with an array of products to find global opportunities, and this new offering underscores our commitment to providing traders with comprehensive product solutions."

Meanwhile, Interactive Brokers recently expanded its services in Japan with the introduction of contracts for difference (CFD). This expansion allows Japanese traders access to a range of global markets, including shares listed in the US, Europe, and other regions.

Through its local entity in Japan, Interactive Brokers now offers CFDs alongside its existing suite of global stocks, options, and futures. CFDs are known for enabling leveraged trading. The offering allows traders to take long and short positions, catering to the needs of active traders seeking enhanced investment strategies.

The expansion into Japan happened amidst a strong financial performance for Interactive Brokers. Revenue for the first quarter reached $1.2 billion, representing a 13% increase compared to the previous year. The platform experienced a significant boost in customer accounts to 2.75 million.

Navigating Regulatory Scrutiny

Elsewhere, Interactive Brokers reached a settlement with Nasdaq last month after agreeing to pay a fine worth $475,000. The penalty was imposed as a resolution to charges of supervisory failures leading to erroneous trades and improper sales.

Nasdaq's investigation revealed that between January 2020 and June 2021, Interactive Brokers encountered issues in properly processing corporate actions, such as reverse stock splits, due to deficiencies in its supervisory systems. While Interactive Brokers neither admitted nor denied the findings, it consented to the settlement , censure, and payment of the fine.