Electronic trading major Interactive Brokers Group, Inc. (NASDAQ:IBKR) today announces that it has secured the authorization by the Central Bank of Ireland for Interactive Brokers Ireland Limited.

The company expects to expand its staffing substantially over the next year to accommodate the ongoing strong growth of Interactive Brokers’ European business.

Interactive Brokers chairman Thomas Peterffy explained:

“We are expanding to Ireland partly due to Brexit and partly due to our plan of establishing subsidiaries around the world to support our rapid global growth. Client accounts have grown by more than 52% in a year.”

Earlier this year, Interactive Brokers opened an office in Singapore, and, earlier in December, in Hungary. The firm now has 11 entities around the globe in the US, Ireland, Australia, Canada, Hong Kong, Hungary, India, Japan, Luxembourg, Singapore, and the UK. With a staff of 2,000 worldwide, Interactive Brokers serves over one million client accounts in more than 220 countries and territories.

The IDA Ireland, a government agency that promotes Ireland for the opportunities it presents to international companies, has provided invaluable assistance to Interactive Brokers in establishing its Irish office.

The establishment of Interactive Brokers’ offices in Hungary and in Ireland is set to alleviate the concerns linked to Brexit that Interactive Brokers has raised in a recent SEC filing.