`
`Electronic Brokerage . . . . . . . . Net revenues
`Non-interest expenses(1)
`Income before income taxes
`Pre-tax profit margin
`Market Making . . . . . . . . . . . . Net revenues
`Non-interest expenses
`Income before income taxes
`Pre-tax profit margin
`Corporate(2) . . . . . . . . . . . . . . Net revenues
`Non-interest expenses
`Loss before income taxes
`Total . . . . . . . . . . . . . . . . . . . . Net revenues
`Non-interest expenses
`Income before income taxes
`Pre-tax profit margin
`
`Year Ended December 31,
`2015
`2014
`2013
`(in millions)
`$ 952
`363
`$ 589
`62%
`$ 284
`170
`$ 114
`40%
`$ (193)
`4
`$ (197)
`$1,043
`537
`$ 506
`49%
`
`$1,097
`561
`$ 536
`49%
`$ 298
`168
`$ 130
`44%
`$ (206)
`2
`$ (208)
`$1,189
`731
`$ 458
`39%
`
`$ 819
`423
`$ 396
`48%
`$ 361
`202
`$ 159
`44%
`$ (104)
`(0)
`$ (104)
`$1,076
`625
`$ 451
`42%
`
`(1) Electronic brokerage non-interest expenses includes unusual losses of $64 million and $137 million
`in 2013 and 2015, respectively. See ‘‘Management’s Discussion and Analysis of Financial Condition
`and Results of Operations’’ in Part II Item 7 of this Annual Report on Form 10-K.
`(2) The corporate segment includes corporate related activities, inter-segment eliminations and net
`gains and losses on positions held as part of our overall currency diversification strategy.
`Financial information concerning our business segments for each of 2015, 2014 and 2013 is set forth in
`‘‘Management’s Discussion and Analysis of Financial Condition and Results of Operations,’’ and the
`consolidated financial statements and the notes thereto, which are in Part II, Items 7 and 8 of this
`Annual Report on Form 10-K.
`
`Electronic Brokerage—Interactive Brokers
`
`Electronic brokerage represented 79% of net revenues and 80% of income before income taxes from
`electronic brokerage and market making combined during 2015. We conduct our electronic brokerage
`business through our Interactive Brokers (‘‘IB’’) subsidiaries. As an electronic broker, we execute, clear
`and settle trades globally for both institutional and individual customers. Capitalizing on the technology
`originally developed for our market making business, IB’s systems provide our customers with the
`capability to monitor multiple markets around the world simultaneously and to execute trades
`electronically in these markets at a low cost in multiple products and currencies from a single trading
`account.
`
`6
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