It was clearly IB's fault because the software stopped working at -ve price. If there were a class action lawsuit, IB will likely lose.
IB made clean their clients' losses. If the clients were dealing with a typical spread betting firm, they will be bankrupt for sure.
This makes me feel good about using Interactive Brokers as my broker. They're ethical people.
Which is the best season?
Broker software got confused and refused to accept orders with -ve price. This happened even with reputable brokers like Interactive Brokers.
Stop loss didn't work in this context. IF it did, there is no need to start this thread. Stop loss is the most basic risk management technique.
May I ask which broker were you using to trade CL when prices went negative?
This negative oil price event is unprecedented. It surprised even veteran oil traders with decades of experience. It has shaken conservative...
The recent negative price of oil futures is unprecented. Caused a lot of losses to traders and I heard even the brokerage software failed to work...
Thanks for explanation. No thanks for calling me dipshits. No need to be rude.
I'm sorry to hear that. I saw your screenshot about a trade taken when oil price was still positive. If you can't get out of your position when...
When oil prices went negative, was it possible to trade on IBKR platform? Did the software get confused and did not allow traders to trade using...
Which java version are you using now?
The question to ask is ... why is his own fund reserved for himself and employees doing much better than the fund for outside investors? What...
Very kind of IB. It will be nice if IB extends some discount for their loyal customers who trade more than average. Cheaper prices for all of us :)
Is the Fed decision to buy high-yield bonds an indirect attempt to bail out private equity funds? Do top PE people have access to people at Fed?...
I use TWS a lot. It's only junk if you don't know how to use it. It's gold when you know how to.
Sad. U.S just topped the virus charts. I bet this is not President Trump's idea of "America First". Now, he is childishly bickering over the name...
That's very good relative performance compared to S&P500.
Raising margin is not crazy but wise. As a customer of IB who doesn't use insane leverage, I feel safe with my money in IB.
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