Interactive Brokers Trading Notice
News of BRK A’s anomalous price drop quickly spread across social media. Some of the clients of the various brokerage subsidiaries of
Without any further notice and without addressing a substantial order imbalance that developed during the halt, NYSE resumed trading of BRK A at approximately
The Company promptly filed a clearly erroneous execution (“CEE”) petition with NYSE and certain other
That evening, the Company determined to take over a substantial portion of these trades as a customer accommodation. The Company also promptly filed claims for compensation with NYSE. On
The Company is continuing to consider its options with respect to recovery of these amounts, including any claims at law it could assert against NYSE or related entities. The Company does not believe that these losses will have a material effect on its financial condition.
About Interactive Brokers Group, Inc.:
Interactive Brokers Group affiliates provide automated trade execution and custody of securities, commodities, and foreign exchange around the clock on over 150 markets in numerous countries and currencies, from a single unified platform to clients worldwide. We serve individual investors, hedge funds, proprietary trading groups, financial advisors and introducing brokers. Our four decades of focus on technology and automation has enabled us to equip our clients with a uniquely sophisticated platform to manage their investment portfolios. We strive to provide our clients with advantageous execution prices and trading, risk and portfolio management tools, research facilities and investment products, all at low or no cost, positioning them to achieve superior returns on investments. Interactive Brokers has consistently earned recognition as a top broker, garnering multiple awards and accolades from respected industry sources such as Barron’s, Investopedia, Stockbrokers.com, and many others.
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Source: Interactive Brokers