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This Broker Defies the Industry Downturn, Grows Client Cash Balances in Q1

This Broker Defies the Industry Downturn, Grows Client Cash Balances in Q1

The first quarter of this year has been challenging for many banks and brokers, with some, such as Charles Schwab, struggling to maintain deposits. One reason for this trend is a rise in interest rates, allowing customers to shift funds from low-yielding accounts to higher-yielding ones. One platform bucking the trend and increasing its client cash balance in the first quarter was Interactive Brokers (NASDAQ: IBKR).