WTI Crude Oil Futures Trader Has $9 Million Loss On Interactive Brokers: What Really Happened?

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WTI Crude Oil Futures Trader Has $9 Million Loss On Interactive Brokers What Really Happened?
Recently the May 2020 WTI crude oil futures traded negative and oil prices closed below -$37. May oil traders did not know this could happen. Today Bloomberg has a story on one daytrader in WTI crude oil who loaded up on WTI crude oil futures when the price was $.01 and ended up with a $9 million trading loss on his Interactive Brokers account. Was Interactive Brokers at fault for not updating their trading platform to allow for the WTI crude oil futures price to trade negative? Interactive Brokers lost over $100 million from this incident. I will explain what happened in these trades and how the trader ended up owing $9 million at the end of the day. What can you learn from this trading loss?

Interactive Brokers What If, WTI Crude Oil Futures Trader Has $9 Million Loss On Interactive Brokers: What Really Happened?.

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Ask the Provider for other Purchasers he has dealt with. The charges structure is made to reduce the commission charges for penny stock trader (i.e. less than $5.00 shares). Register for three to five online stock market newsletters.

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