Interactive Brokers (IBKR) Provides Statement on Crude Oil Contracts and Margin Loss; Recognizes Provisionary Loss of ~$88M

Sharing is Caring!

www.streetinsider.com/Corporate+News/Interactive+Brokers+%28IBKR%29+Provides+Statement+on+Crude+Oil+Contracts+and+Margin+Loss/16767830.html

Several Interactive Brokers LLC (“IBLLC”) customers held long positions in these CME and ICE Europe contracts, and as a result they incurred losses in excess of the equity in their accounts. IBLLC has fulfilled the firm’s required variation margin settlements with the respective clearinghouses on behalf of its customers. As a result, the Company has recognized an aggregate provisionary loss of approximately $88 million.

126 views

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.