Quote:
Originally Posted by OMG!WTF!
This is kind of funny but would be so awful if it happened to you...Interactive Brokers had a glitch in their platform that wouldn't display negative contract prices. So some guy in Toronto bought a bunch of oil contracts at .01 but the price was really like -$37. So the guy ended up owing about 9 million dollars at the end of the day.
https://ca.news.yahoo.com/oil-trader...210000529.html
Thanks USO. |
That’s hilarious. I feel bad for the guy, but then again everyone was talking about the fact that oil could go negative. He obviously didn’t realize that would cost him $9m if it went that way, otherwise he wouldn’t have made that trade. I think he’s lucky that IB had these issues and made these guys whole here.