Interactive Brokers statement says several of its customers held long positions in oil contracts on CME and ICE Europe

In a nutshell:

  • customers incurred losses in excess of the equity in their accounts
  • IB has fulfilled required variation margin settlements with the respective clearinghouses on behalf of its customers
  • As a result, the Company has recognized an aggregate provisionary loss of approximately $88 million.
  • The Company does not believe that any anticipated losses will have a material effect on its financial condition.

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Heads up, IB will not be by themselves in this.

oil, margin