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Interactive Brokers Lifts All Trading Restrictions on Options
January 31, 2021 GMT
GREENWICH, Conn. (BUSINESS WIRE) Jan 30, 2021
Interactive Brokers Group (Nasdaq: IBKR), a global brokerage firm, announced today that on Friday it lifted all trading restrictions on options in AMC, BB, EXPR, GME, KOSS and other options that experienced recent market volatility. The options, as well as the underlying stocks, are currently subject to increased margin requirements, which are subject to change depending on market conditions. The firm continues to monitor these volatile markets.
Redirecting to Interactive Brokers Lifts All Trading Restrictions on Options
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GameStop Corp. snapped a dizzying six-day rally to wipe out nearly US$11 billion in market value after moves by brokerages to curb trading of the stock on their apps whipped up volatility and enraged the companyâs retail fanbase.
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Under fire for suspending trading on some stocks amid buying frenzy, Robinhood raises $1B+
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Robinhood Market Inc. is under fire after it blocked trading on Gamestop Corp. and other stocks being traded by Reddit users, in an effort to ease a strain on its own finances, but it wasn’t the only retail brokerage to do so.
The online trading app said Thursday that it had to raise more than $1 billion in emergency funding from its investors to maintain a cash balance required for it to operate. It must pay customers owed money from their trades while also adding cash to its clearing facility to protect its trading partners from possible losses.