IBKR (Interactive Brokers) getting POUNDED!!!!!!!

Quote from ljyoung:

re: long Gamma.

See attachment from IB website.

lj

croppercapture9ad9.jpg
 
Quote from BCE:

I put in an ACH transfer to withdraw some funds yesterday afternoon and it hasn't been completed yet. It says "Processing". I'll let you know if it goes through later.

ACH transfers take at least two days to hit your account.
 
Quote from atticus:

ACH transfers take at least two days to hit your account.
I know. But that's on my banks side of it. IB generally sends them out the same day by 18:00 EST. I'll check in and let you know if it goes through. Was going to do a wire but I hadn't created an instruction yet for the account I wanted it sent to so that would have delayed it several days.

Now I just looked and it says "Sent" and they deducted the $$ from my account. Just being a bit cautious. :)

BTW great trade so far. Don't wait around too long though maybe as who knows what might happen. :) I lost $10k on EMC once on an earnings warning trading halt. Wasn't one thing I could do about it. Good luck with that.
 
IB send email linking to wsj ad
http://www.interactivebrokers.com/download/IB08-102.pdf

Don’t Take Chances
Investors concerned about deteriorating credit markets, looming write
downs by brokers, the mishap at MF Global, rumors of hedge fund
liquidations and counterparty credit risk should consider moving their
accounts to Interactive Brokers.
For 30 years, controlling and avoiding risk has been the primary
consideration in building our automated dealing and brokerage systems.
Other than cash and one day forwards foreign currency transactions,
Interactive Brokers does not take positions in over the counter securities,
including mortgage related or other collateralized debt obligations or
swaps of any kind.
In addition to foreign exchange, we trade only exchange listed products
that are cleared through central clearing houses and are marked daily to
external closing prices disseminated by the exchanges.
Our proprietary positions and resulting payables and receivables are
reconciled against external sources daily. Our real-time margin system
prevents the execution of orders for accounts with insufficient margin
by continuously enforcing limits for each account, and it automatically
liquidates positions if any individual account violates its limits at any time.
 
IB is on the defensive - just got the following email from them with the attached PDF.

Dear IB Customer:

During the last few weeks we have been running an advertisement in the Wall Street Journal regarding the safety of moving money to Interactive Brokers. We want all of our customers to know that every word of this advertisement remains true and accurate. We are proud of our prudent and conservative policies that protect our clients' assets. Please click here to see our advertisement.


Sincerely,

Interactive Brokers
 

Attachments

Back
Top