> Blind-spots do exist, as we have seen in 2008. I'm not saying that I know better, but we can't take it for granted that these organizations have an accurate a

> Blind-spots do exist, as we have seen in 2008. I'm not saying that I know better, but we can't take it for granted that these organizations have an accurate assessment of all the risks, especially when they are making record profits. Absolutely! IB got caught with their pants down when /CL (WTI crude futures contract) went negative in April. Their system used to calculate margin requirements did not take negative contract prices into account, and neither did the trading software. Margin calls were not issued at the proper time, and traders couldn’t see the price or execute a trade on IB while the contract value was negative. Due to the latter, IB ended up absorbing any losses incurred by customers while /CL was negative. They lost around $110 million. https://www.ft.com/content/01ee0794-158f-40c5-8bb9-82cf5d5f314b https://www.ft.com/content/01ee0794-158f-40c5-8bb9-82cf5d5f3... https://www.bloomberg.com/news/articles/2020-05-08/oil-crash-busted-a-broker-s-computers-and-inflicted-huge-losses https://www.bloomberg.com/news/articles/2020-05-08/oil-crash...