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Since Interactive Brokers isn't "free trading" (a la Robinhood), why would it also block buying GME stock?
by platz 6y ago
Since Interactive Brokers isn't "free trading" (a la Robinhood), why would it also block buying GME stock?
- anonu 6y agoIts PR. Makes them look good. SEC isnt stepping in - so they are. A la Twitter.
- dcolkitt 6y agoFrom what I can tell, IB seems to have initially blocked just trading on margin. Which makes sense, given the extreme volatility of the collateral. But then shortly later, they set to liquidation only. I’d guesstimate that 80%+ of IBs customer base trades with leverage. So, I’d bet that their internal systems had no reliable to block margin trading, but allow unleveraged positions