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lol lol lol lol

Ya well hopefully that’s not a surprise to anyone given that the CFTC is the one in charge of futures regulation. You do realize trading was halted multiple times on the day prices went negative per the special fluctuation limit guidelines that have been in place in NYMEX crude for years?

DVP rarely works if the two men start by bickering.

DVP can be messy and a lot of work, but as long as you're comfortable and familiar with all parties involved it can also be a great thing too.

You realize CME issued that statement because every single oil analyst was publishing research reports about the possibility of negative prices? It was the talk of the industry well before CME chimed in. Goldman was writing about negative prices in March, and even CNBC had articles on potential...

Why should it not go negative? We see negative prices in other energy commodities when there is no storage available. There is no rule that says a commodity should have a $0 floor. Like I said before, if it hits a $0 floor on the exchange, it will just trade negative in OTC markets instead...

You keep saying this, but CL trading was halted multiple times due to CME circuit breakers on the day it went negative. You can’t entirely stop trading on a physically settled product (especially one day before expiration). The sophisticated clients will just move to OTC while the speculators...

lol they fixed it overnight after it happened

Fixed that for you. Know your contract. It's that simple.

How much notice does CME need to give for something that every professional already knows? CME was issuing advisories about the possibility of negative pricing weeks before it happened. It was the last trading day for the majority of the contracts that IBKR lost money on: WTI@ICE. CME also...

Only if there were no other participants, right? Otherwise wouldn't broker would have to share allocation?

Sorry, I thought RM = Regulated Market. Yes, this is definitely not retail order flow. If risk comes in and says you need to unwind, isn't the trader just going to have basically sweep those 27,000 at market price to close or does the directive potentially coming from a clearing firm give him...

No further information unfortunately. Wouldn't RM = Exchange = CBOE in this instance? These are SPY options (equities not index futures) so not sure FCM would be involved.

Saw this posted elsewhere which was interesting. It appears a trade was entered for 30,000 contracts when it should have been 3,000 and was later adjusted: At first I assumed it was just a broker who just fat fingered a block spread, but it appears to be marked as part of a CBOE Price...

Because your exchange rebate for adding liquidity was greater than your commission and fees.

They've actually had even longer than that. Here is an advisory notice from April 8th: https://www.cmegroup.com/content/dam/cmegroup/notices/clearing/2020/04/Chadv20-152.pdf More importantly, there have been negative prices in the energy commodity space before. Any large firm that trades...

Every ticket purchase now comes with a barrel of oil that you must figure out how to store

I have positions in these products and never got this notice -- how did you get it? This whole debacle has really exposed IB as a clown show. They like to present themselves as head and shoulders above the other brokers, but their systems are trash. I just spoke to support and they have no...

Who are “the brokers”?

It definitely is odd that you have to manually input your trades to calculate your PnL for the year. If that's really true, you should probably switch brokers. Your broker should be providing you 1099s.