Press release content from Business Wire. The AP news staff was not involved in its creation.
Interactive Brokers Takes Action on Actively Traded Symbols
January 28, 2021 GMT
Interactive Brokers Group (Nasdaq: IBKR), a global brokerage firm, today announced that as of midday yesterday, it has put AMC, BB, EXPR, GME, and KOSS option trading into liquidation only due to the extraordinary volatility in the markets.
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In addition, long stock positions will require 100% margin and short stock positions will require 300% margin until further notice. We do not believe this situation will subside until the exchanges and regulators halt or put certain symbols into liquidation only. We will continue to monitor market conditions and may add or remove symbols as may be warranted.
GameStop stock frenzy: Robinhood, others limit trading, sparking lawsuit and Senate panel hearing
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WASHINGTON - Robinhood and other retail brokerages are taking steps to tamp down the speculative frenzy surrounding companies such as GameStop, but the actions only sparked more volatility in the market and an outcry from users of the platforms and some members of Congress who say small investors are being treated unfairly.
Trading platforms restrict GameStop and other Reddit stock picks, sparking outrage and lawmakers ire mcall.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mcall.com Daily Mail and Mail on Sunday newspapers.
The Associated Press Created: January 28, 2021 10:40 AM
Robinhood and other retail brokerages are taking steps to tamp down the speculative frenzy surrounding companies such as GameStop, but the actions only sparked more volatility in the market and an outcry from users of the platforms and some members of Congress who say small investors are being treated unfairly.
GameStop stock has rocketed from below $20 earlier this month to close around $350 Wednesday as a volunteer army of investors on social media challenged big institutions who had placed market bets that the stock would fall.
The action was even wilder Thursday: The stock swung between $112 and $483. It was down 28% at $250 in afternoon trading.
Brokerages limit trading in GameStop, sparking outcry; lawsuit filed
Updated Jan 28, 2021;
By Associated Press
Robinhood and other retail brokerages are taking steps to tamp down the speculative frenzy surrounding companies such as GameStop, but the actions only sparked more volatility in the market and an outcry from users of the platforms and some members of Congress who say small investors are being treated unfairly.
GameStop stock has rocketed from below $20 earlier this month to close around $350 Wednesday as a volunteer army of investors on social media challenged big institutions who had placed market bets that the stock would fall.
The action was even wilder Thursday: The stock swung between $112 and $483. It was down 28% at $250 in afternoon trading.