Covestor To Be Acquired by Interactive Brokers

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Interactive Brokers Group (IBKR) to Acquire Covestor

April 23, 2015 3:41 PM EDT

Covestor, an online investing marketplace, and Interactive Brokers Group, Inc. (NASDAQ: IBKR), the largest US electronic broker by daily average revenue trades, announced that they have entered into a definitive agreement under which Interactive Brokers will acquire Covestor.

Covestor is a pioneer in the online investing business and the first digital asset management company to offer both active and passive investment options. Interactive Brokers is a major automated... More