Interactive Brokers takes a Stake in TradeStation

Tradestation Group (TRAD) IBG, a holding company associated with Interactive Brokers (IBKR) disclosed ownership of 2,567,522 shares (6.3%), purchased for a total of $17 million, excluding brokerage commissions. That's about $6.22 /share. TRAD could be a takeover target to gain market share at a reasonable cost of the same type investors that IBKR caters to. TRAD closed [...]