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

[spinola]

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]

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]

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]

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]

IBKR currently down 1.91% since yesterday's close and up 3.70% since open.
Just made money trading it

 

[timsk]

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]

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.

 

[tar]

75% of InteractiveBrokers’ Franc Losses from FX Futures, Not Spot FX
- See more at: http://forexmagnates.com/75-interactivebrokers-franc-losses-fx-futures-spot-fx/#sthash.qcbwZb0k.dpuf

 

[Jack o'Clubs]

80% of the losses were from five clients, four individual, one organisation. Ouch.