Interactive Brokers Introduces a More Cost-Efficient Approach to Margin Trading in Japan

Interactive Brokers (Nasdaq: IBKR), today announced three new programs at Interactive Brokers Securities Japan Inc. (IBSJ) designed to help investors manage trading costs and earn income on eligible cash and shares.

The centerpiece is a more cost-efficient approach to margin financing. When clients contribute cash toward a position, Interactive Brokers charges interest only on the amount financed, not the full position value. This approach is widely used in margin financing in markets around the world, and Interactive Brokers is now bringing it to investors in Japan.

The other two programs follow the same principle: putting more of an investor's account to work. Gaika+ allows eligible non-JPY cash balances to generate income in yen, while the Stock Yield Enhancement Program allows eligible clients to earn income by lending fully paid shares, with the lending rate fully disclosed. Together, these programs bring Interactive Brokers' global focus on cost efficiency and transparency to investors in Japan.

For example, consider a ¥10 million position funded with ¥5 million in client cash and held for 12 months at IBSJ's interest rate of 2.466%. Charging interest on the full ¥10 million position would cost ¥246,600 annually. Because IBSJ charges interest only on the ¥5 million financed, the actual cost is ¥123,300 — a savings of ¥123,300, or 50%.¹

“Our goal has always been to help Japanese clients get more from every yen they invest,” said Ramir Roque Cimafranca, Head of Interactive Brokers Securities Japan Inc. “These three programs put more of a client's portfolio to work, — margin, cash, and shares — so every part earns its keep.”

IBSJ, an affiliate of Interactive Brokers Group, lets clients trade stocks, options, futures and CFDs across global markets from one platform built to keep costs low.

Interactive Brokers Securities Japan Inc. is a subsidiary of Interactive Brokers Group, an established global brokerage group. Interactive Brokers Group is Nasdaq-listed, is a member of the S&P 500, serves more than 5.4 million client accounts and reports more than USD 960 billion in client equity worldwide. IBSJ clients have access to products and technology developed within Interactive Brokers Group's global brokerage business.

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