American multinational
brokerage firm, Interactive Brokers LLC (IB), has extended Carbon Offsets to
its customers in Western Europe, Hong Kong and Singapore.
Carbon Offsets, which
was launched
in March, is a tool on Interactive’s mobile trading app, IMPACT.
The tool enables
investors to choose from activities that emit greenhouse gasses such as
household, transportation and food, or to enter a specific amount of carbon to
offset in dollars or tons. Carbon Offsets is
available to Interactive Broker’s clients in the United Kingdom.
In a press statement
released on Wednesday, Will Peterffy, the ESG Director at Interactive Brokers,
explained that Carbon Offsets makes it easy for the broker’s clients “to
participate in the emerging collective culture dedicated to stewarding our
planet while investing in companies that further align with their values
through the IMPACT app.”
Additionally, Peterffy explained,
“Sustainability and environmental consciousness are not isolated aspects, they
speak to a collective culture. A culture that is aware of the interconnected
nature of our global community.
“As a result, we
continue to develop products that are in service to this collective culture,”
said Will Peterffy, ESG Director at Interactive Brokers.”
Meanwhile, Interactive Brokers disclosed that it has partnered with Sustain.Life, a software-as-service platform
that helps companies across industries to reduce their environmental impact by
providing environmental, social and governance tools that enable the measurement and management of their carbon
emissions.
The broker said the
collaboration is aimed at providing emissions data from each carbon-emitting
activity available on its app.
Interactive Broker’s
Standing
Interactive Brokers
ended the first quarter (Q1) of 2022 with a 28% drop in revenue year-over-year after generating net revenue of $645 million.
In its published
operating metrics for April 2022, the broker’s monthly Daily Average Revenue
Trades (DARTs) fell by 10%.
The broker reported 2,204 million DARTs in the said month, which is a record 1% higher than April 2021’s metrics and 10% lower than last month’s.
Meanwhile, the National
Futures Association (NFA), the United States’ derivatives industry watchdog, fined Interactive Brokers $250,000
last month.
The fine is for
allegedly cancelling its retail customers’ forex orders and failing to adequately
supervise its employees in the conduct of their forex activities on behalf of
the firm.
American multinational
brokerage firm, Interactive Brokers LLC (IB), has extended Carbon Offsets to
its customers in Western Europe, Hong Kong and Singapore.
Carbon Offsets, which
was launched
in March, is a tool on Interactive’s mobile trading app, IMPACT.
The tool enables
investors to choose from activities that emit greenhouse gasses such as
household, transportation and food, or to enter a specific amount of carbon to
offset in dollars or tons. Carbon Offsets is
available to Interactive Broker’s clients in the United Kingdom.
In a press statement
released on Wednesday, Will Peterffy, the ESG Director at Interactive Brokers,
explained that Carbon Offsets makes it easy for the broker’s clients “to
participate in the emerging collective culture dedicated to stewarding our
planet while investing in companies that further align with their values
through the IMPACT app.”
Additionally, Peterffy explained,
“Sustainability and environmental consciousness are not isolated aspects, they
speak to a collective culture. A culture that is aware of the interconnected
nature of our global community.
“As a result, we
continue to develop products that are in service to this collective culture,”
said Will Peterffy, ESG Director at Interactive Brokers.”
Meanwhile, Interactive Brokers disclosed that it has partnered with Sustain.Life, a software-as-service platform
that helps companies across industries to reduce their environmental impact by
providing environmental, social and governance tools that enable the measurement and management of their carbon
emissions.
The broker said the
collaboration is aimed at providing emissions data from each carbon-emitting
activity available on its app.
Interactive Broker’s
Standing
Interactive Brokers
ended the first quarter (Q1) of 2022 with a 28% drop in revenue year-over-year after generating net revenue of $645 million.
In its published
operating metrics for April 2022, the broker’s monthly Daily Average Revenue
Trades (DARTs) fell by 10%.
The broker reported 2,204 million DARTs in the said month, which is a record 1% higher than April 2021’s metrics and 10% lower than last month’s.
Meanwhile, the National
Futures Association (NFA), the United States’ derivatives industry watchdog, fined Interactive Brokers $250,000
last month.
The fine is for
allegedly cancelling its retail customers’ forex orders and failing to adequately
supervise its employees in the conduct of their forex activities on behalf of
the firm.
Source: https://www.financemagnates.com/institutional-forex/interactive-brokers-extends-carbon-offsets-to-western-european-asia/