WHEN: TODAY, THURSDAY, APRIL 3RD
WHERE: CNBC'S "POWER LUNCH"
Following is the unofficial transcript of breaking news from CNBC's Eamon Javers. All references must be sourced to CNBC.
EAMON JAVERS: WELCOME BACK TO POWER LUNCH I AM EAMON JAVERS IN WASHINGTON WHERE CNBC HAS LEARNED THAT INTERACTIVE BROKERS IS SET TO ANNOUNCE AS EARLY AS THIS AFTERNOON THAT ITS GOING TO BECOME THE FIRST LARGE RETAIL BROKERAGE TO OFFER ITS CUSTOMERS A DIRECT CONNECTION TO THE NEW TRADING PLATFORM I.E.X. SO MUCH ATTENTION IN THE WAKE OF MICHAEL LEWIS' BOOK FLASH BOYS ON BRAD KATSUYAMA AND HIS NEW TRADING PLATFORM WHICH IS DESIGNED TO ALLOW CUSTOMERS TO AVOID HIGH FREQUENCY TRADING TECHNOLOGIES AND TECHNIQUES NOW INTERACTIVE BROKER IS SAYING IT IS GOING TO OFFER ITS CUSTOMERS THE ABILITY TO CLICK ON AN ICON AND CHOOSE DIRECTLY TO ROUTE THEIR TRADES TO I.E.X. THAT WILL BE THE FIRST TIME THEY'VE HAD THAT ABILITY. THAT IS EXPECTED TO BE ONLINE WITHIN THE NEXT 5 TO 10 DAYS THAT OPTION SHOULD BE AVAILABLE FOR CUSTOMERS OF INTERACTIVE BROKERS AND WE EXPECT TO SEE THAT ANNOUNCEMENT AS EARLY AS THIS AFTERNOON.
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