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IBKR — Interactive Brokers News Story

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

Adds Interactive Brokers CEO interview in fourth bullet

** 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 intraday 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," co says

** Co-founder and Chairman Thomas Peterffy told Reuters in an interview he expects growth to accelerate this year for the prediction markets platform as Americans bet on the U.S. midterm elections in November

** Ten 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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