BUZZ-Interactive Brokers hits record high after allowing 24/7 funding with stablecoin

Reuters01-15

** Shares of Interactive Brokers IBKR.O rise 4.8% to $74.79 after allowing eligible clients to fund their brokerage accounts using stablecoin

** IBRK rose to a record intra-day high of $75.24 and is on track for two straight sessions of gains

** "This new capability provides near-instant processing and 24/7 availability, including weekends and holidays, enabling clients to deposit funds and begin trading across 170 global markets within minutes of initiating a transfer" - IBKR

** 10 analysts rate stock "buy" on average; median PT is $82 - data compiled by LSEG

** IBKR up 16.6% YTD vs. NASDAQ Composite Index's .IXIC 1.7% increase

(Reporting by Chibuike Oguh in New York)

((Email: Chibuike.Oguh@thomsonreuters.com; Phone: +332-219-1834; Reuters Messaging: chibuike.oguh.thomsonreuters.com@reuters.net))

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