SWISS BOMB Interactive Brokers Group ( IBRK).OWED $120 MILLION

spinola

Established member
614 138
Ripples from Thursday's trading are hitting another broker, Interactive Brokers Group ( IBRK). Shares fell 5.8% in recent trading and the company told The Wall Street Journal that "several customers" owed them a combined "$120 million."
 

Jack o'Clubs

Experienced member
1,554 342
Nice scaremongering, you missed the other bit of the statement: that the losses represent less than 2.5% of IB net worth. An absolute number is irrelevant out of context.
 

spinola

Established member
614 138
Just sharing the news print with folks. Keep an eye on the Ripples. It'll be interesting to see how they handle the money due, whether they can claw it back or .... not...
 

Mr. Charts

Legendary member
7,370 1,194
Interactive Brokers issues statement regarding customers losses; debits amount to approximately $120 million, less than 2.5% of IBKR net worth (28.27 ) : "Due to the sudden move in the value of the Swiss Franc ("CHF") yesterday, several of our customers suffered losses in excess of their deposit with us. Such debits amount to approximately $120 million, less than 2.5% of our net worth."

from Briefing.com
 

Mr. Charts

Legendary member
7,370 1,194
IBKR currently down 1.91% since yesterday's close and up 3.70% since open.
Just made money trading it :)
 

timsk

Legendary member
7,600 2,374
IBKR currently down 1.91% since yesterday's close and up 3.70% since open.
Just made money trading it :)
Sweet.
They've made a few pennies from you over the years Richard - so it must be nice to claw a little back!
Tim.
 

Mr. Charts

Legendary member
7,370 1,194
Yes Tim, they've had a few bucks in commission, ha ha.

Trading them was fun, after all, you've got to turn situations to your advantage if the opportunity arises and make the best of things - carpe diem.
 
 
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