Interactive Brokers announced that it has added the Taipei Exchange (TPEx) to its trading platform, giving clients instant access to Taiwanese equities, ETFs and Taiwan Depositary Receipts. The firm’s automated system will automatically convert between a client’s base currency and the New Taiwan Dollar, eliminating the need for manual foreign‑exchange orders and reducing transaction friction for investors targeting Taiwan’s SME‑heavy market.
The company also reported its third‑quarter 2025 results, posting a diluted earnings per share of $0.59—$0.05 above the consensus estimate of $0.54—and net revenue of $1.655 billion, $149 million higher than the $1.505 billion analysts expected. Compared with the same quarter a year earlier, revenue rose 21% and EPS fell from $1.81 to $0.59, reflecting a shift from high‑margin U.S. brokerage activity to a broader, more diversified global mix. The quarter’s revenue beat was driven by a 23% jump in commission revenue to $537 million, largely from a 67% increase in stock trading volume and a 27% rise in options activity, while net interest income climbed 21% to $967 million thanks to stronger securities‑lending demand and higher average margin loan balances.
Commission revenue growth was offset by a modest decline in the firm’s traditional U.S. brokerage segment, which saw a 4% drop in revenue as market‑making fees contracted. The net interest margin expansion, however, helped lift the overall pretax profit margin to 79% from 67% a year earlier, underscoring the company’s ability to capture higher yields on its large loan book while keeping operating costs in check. The combination of higher trading volumes and a more favorable interest‑rate environment explains why the firm was able to deliver a solid earnings beat despite the lower EPS relative to the prior year.
David Friedland, Interactive Brokers’ head of APAC, said the TPEx addition “reinforces our commitment to extending the suite of products available to our clients. The Taipei Exchange is a leading venue for small and mid‑size enterprises, giving our clients another avenue to identify diverse investment opportunities in a local Asian market.” The quote highlights the strategic intent behind the expansion: to deepen the firm’s presence in a high‑growth region and to broaden its product mix for global investors.
The TPEx launch complements Interactive Brokers’ earlier entry into the Taiwan Stock Exchange in July 2023 and positions the firm as one of the few global platforms with direct access to Taiwan’s SME‑focused market. By offering automatic FX conversion and a wide array of local securities, the company is poised to attract new clients from the region and increase trading volume across its 160‑plus exchange network. While the firm did not provide a forward outlook in the release, the strong Q3 performance and the strategic expansion signal confidence in continued growth of its global brokerage business.
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