This excerpt taken from the IBKR 8-K filed Sep 26, 2008.
Item 8.01. Other Events.
On September 26, 2008, the Registrant issued a press release announcing that its Board of Directors approved a share buyback program by its subsidiary IBG LLC, authorizing IBG LLC to repurchase up to 8,000,000 shares of the Registrants common stock. The repurchases will be funded with IBG LLCs existing cash and will be purchased from the open market and in private transactions if the Registrant deems the price appropriate.
The purchases may be made from time to time as market conditions warrant and subject to regulatory considerations. The timing and amounts of any purchases will be determined by the Registrants management. The share repurchase approval has no time limit and may be discontinued at any time.
A copy of the press release is furnished as Exhibit 99.1 to this report and incorporated herein by reference.
All of the information furnished in this report (including Exhibit 99.1 hereto) shall not be deemed to be filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and unless expressly set forth by specific reference in such filings, shall not be incorporated by reference in any filing under the Securities Act of 1933, as amended, whether made before or after the date hereof and regardless of any general incorporation language in such filings.