IBKR (Interactive Brokers) getting POUNDED!!!!!!!

Discussion in 'Stocks' started by chewbacca, Mar 17, 2008.

  1. [​IMG]
     
    #31     Mar 17, 2008
  2. Congrats. Brass balls = $$$.
     
    #32     Mar 17, 2008
  3. ACH transfers take at least two days to hit your account.
     
    #33     Mar 17, 2008
  4. capmac

    capmac

    is IB going bankrupt?
     
    #34     Mar 17, 2008
  5. BCE

    BCE

    I know. But that's on my banks side of it. IB generally sends them out the same day by 18:00 EST. I'll check in and let you know if it goes through. Was going to do a wire but I hadn't created an instruction yet for the account I wanted it sent to so that would have delayed it several days.

    Now I just looked and it says "Sent" and they deducted the $$ from my account. Just being a bit cautious. :)

    BTW great trade so far. Don't wait around too long though maybe as who knows what might happen. :) I lost $10k on EMC once on an earnings warning trading halt. Wasn't one thing I could do about it. Good luck with that.
     
    #35     Mar 17, 2008
  6. just21

    just21

    IB send email linking to wsj ad
    http://www.interactivebrokers.com/download/IB08-102.pdf

    Don’t Take Chances
    Investors concerned about deteriorating credit markets, looming write
    downs by brokers, the mishap at MF Global, rumors of hedge fund
    liquidations and counterparty credit risk should consider moving their
    accounts to Interactive Brokers.
    For 30 years, controlling and avoiding risk has been the primary
    consideration in building our automated dealing and brokerage systems.
    Other than cash and one day forwards foreign currency transactions,
    Interactive Brokers does not take positions in over the counter securities,
    including mortgage related or other collateralized debt obligations or
    swaps of any kind.
    In addition to foreign exchange, we trade only exchange listed products
    that are cleared through central clearing houses and are marked daily to
    external closing prices disseminated by the exchanges.
    Our proprietary positions and resulting payables and receivables are
    reconciled against external sources daily. Our real-time margin system
    prevents the execution of orders for accounts with insufficient margin
    by continuously enforcing limits for each account, and it automatically
    liquidates positions if any individual account violates its limits at any time.
     
    #36     Mar 17, 2008
  7. IB is on the defensive - just got the following email from them with the attached PDF.

     
    #37     Mar 17, 2008
  8. Div_Arb

    Div_Arb

    Just got same email. Selloff si related to MF Global's rogue trader woes. Probably a good buying opp, IMO.
     
    #38     Mar 17, 2008
  9. BCE

    BCE

    #39     Mar 17, 2008
  10. No.
     
    #40     Mar 17, 2008