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

This Broker Defies the Industry Downturn, Grows Client Cash Balances in Q1·Motley Fool
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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).