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Bloomberg: Interactive Brokers users couldn’t trade when oil broke zero
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Topic: Bloomberg: Interactive Brokers users couldn’t trade when oil broke zero (Read 562 times)
PDXTabs
Walrus Stache
Posts: 5160
Age: 42
Location: Vancouver, WA, USA
Bloomberg: Interactive Brokers users couldn’t trade when oil broke zero
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May 08, 2020, 05:03:09 PM »
It turns out that IB, a forum favorite, couldn't handle negative oil contract prices. They are going to reimburse $109.3M of funds to customers who were locked into negative contract prices for oil because of bugs in their software.
Oil Crash Busted Broker’s Computers and Inflicted Big Losses
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Bloomberg: Interactive Brokers users couldn’t trade when oil broke zero