Interactive Brokers: Difference between revisions

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=== January 2021 customer trading restrictions ===

On January 28, 2021, IBKR systems restricted customer trading in certain securities for companies with heightened volatility in their stocks such as Gamestop, AMC Entertainment, and Koss. Specifically, the company prevented customers from opening new options positions. Interactive Brokers chairman Thomas Peterffy told CNBC that the decision was the company's own and not due to pressure from outside parties, including those who might have gained financially if customer brokers voluntarily disrupted order flow. CNBC noted that the brokerage Robinhood had restricted trading on this trade date as well.

On January 28, 2021, IBKR systems restricted customer trading in certain securities for companies with heightened volatility in their stocks such as Gamestop, AMC Entertainment, and Koss. Specifically, the company prevented customers from opening new options positions. Interactive Brokers chairman Thomas Peterffy told CNBC that the decision was the company's own and not due to pressure from outside parties, including those who might have gained financially if customer brokers voluntarily disrupted order flow. CNBC noted that the brokerage [[Robinhood]] had restricted trading on this trade date as well.

Customers should be aware that brokers including IBKR may take similar actions in the future, and that this poses a risk that they may incur economic harm as a result of being artificially impeded from entering orders.

== References ==

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 === January 2021 customer trading restrictions ===
-On January 28, 2021, IBKR systems restricted customer trading in certain securities for companies with heightened volatility in their stocks such as Gamestop, AMC Entertainment, and Koss.  Specifically, the company prevented customers from opening new options positions.  Interactive Brokers chairman Thomas Peterffy told CNBC that the decision was the company's own and not due to pressure from outside parties, including those who might have gained financially if customer brokers voluntarily disrupted order flow.  CNBC noted that the brokerage Robinhood had restricted trading on this trade date as well.
+On January 28, 2021, IBKR systems restricted customer trading in certain securities for companies with heightened volatility in their stocks such as Gamestop, AMC Entertainment, and Koss.  Specifically, the company prevented customers from opening new options positions.  Interactive Brokers chairman Thomas Peterffy told CNBC that the decision was the company's own and not due to pressure from outside parties, including those who might have gained financially if customer brokers voluntarily disrupted order flow.  CNBC noted that the brokerage [[Robinhood]] had restricted trading on this trade date as well.
 Customers should be aware that brokers including IBKR may take similar actions in the future, and that this poses a risk that they may incur economic harm as a result of being artificially impeded from entering orders.
 == References ==