Interactive Brokers Acquiring Retail Brokerage From Goldman Sachs

Interactive Brokers Acquiring Retail Brokerage From Goldman Sachs

Interactive Brokers Group (NASDAQ: IBKR) is acquiring a big piece of a peer brokerage from Goldman Sachs (NYSE: GS). In the deal, Interactive will purchase the self-directed retail segment of Folio Investments, a subsidiary of Folio Financial. Goldman bought the latter business in mid-September.