Looking at the Reuters article it had some key errors. The first is pointed out by the IB statement above. But moreso, it claims that MF had $70Mn in repo agreements....the real number was $70Bn (according to their own financials).
I've now dug through MF, IB and Bank of NY Mellon's...
I could be wrong, but I put more stock in ownership when someone has built a firm from the ground up than when a guy (Corzine) is granted a large percentage ownership as terms of his employment. But people can be delusional when it comes to risk taking (look at LTCM founders borrowing to...
Trying to find that out. Looking into IB's statement of financial position as of June 30, 2011. Looking at Footnote 11:
http://institutions.interactivebrokers.com/download/IBLLC_2Q2011_Unaud_Finls.pdf
Similar language from the MF Global 10-K, Note 3...
Maybe this was already covered earlier in the thread...I don't have the patience to dig through 20 pages. But comparing IB's balance sheet with MF Global's, I get:
MF Global - $18B in repo liabilities / $1.4B in equity = 12.85x
Total assets / equity = 32.8x
Interactive Brokers - $8.4B in...
While cleaning out my office I came across three cassette tapes (yes, it's been that long since I last cleaned)
- Larry Connors on Putting Together a Professional Trading Plan
- Trading Connors VIX Reversals with Larry Connors and Greg Che
- Kevin Haggerty on Trading Today's Markets (ok, no...
Can anyone else confirm that the problems were not resolved by close? I still have outstanding positions that I could get closed. Hedged off one, but left the other naked...
I am suddenly unable to cancel any orders with the NYSE (on Tradestation) is anyone at another broker having this problem -- sux b/c I have two partial fills and I'm trying to cover a position. I guess that's what backup brokers are for...
Nexland Pro800 Turbo Dual WAN Router with AC Adapter and original CD-ROM For Sale. I no longer need the Dual WAN feature so I'm now using a single WAN router.
$90 + 10 shipping (domestic US only) via USPS
Transaction via Paypal.