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What does this all say ? : In this economic environment, PRICE IS KING.
As long as decent service levels are met.
IB is probably the bane of the broker community.....much like Charles Schwab
was years ago.
This is why they are getting attacked....someone is out to "get them".
> -----Original Message-----
> From: Tom Domingues [mailto:tdelta@xxxxxxxxx]
> Sent: Thursday, June 13, 2002 1:34 PM
> To: realtraders@xxxxxxxxxxxxxxx
> Subject: Re: [RT] IB and $230,000 Fine
>
>
> FWIW, this is from IB's website.
>
> "Institutional Investor
> -April 2002
> Interactive Brokers Group ranks number 31 on Institutional
> Investor's ranking
> of the 100 largest
> securities firms. Ranked by consolidated capital, Interactive
> Brokers Group's
> capital as of
> year-end 2001 was $931.7 million. This makes Interactive Brokers
> Group larger
> than E*Trade,
> Ameritrade, and Fidelity. The article, titled "Riskier
> Business," also notes
> that at year-end,
> Interactive Brokers Group reported zero long-term debt."
>
> I'm not affiliated, except as a customer of a couple of months.
> No problems
> daytrading the emini SP to date.
>
>
> Tom Domingues
>
>
> "Jacobson, Alex" wrote:
>
> > The fine is not a good thing, but this chump change to IB.
> They are part of
> > the TimberHill trading group and their balance sheet, if you
> wanted to do
> > the homework, is on file with any exchange they are a member of.
> >
> > -----Original Message-----
> > From: FXTrader [mailto:fxtrader@xxxxxxxxxxx]
> > Sent: Thursday, June 13, 2002 10:14 AM
> > To: Realtraders
> > Subject: [RT] IB and $230,000 Fine
> >
> > That is a hefty sum of money. The question I would be asking is
> this: How
> > does this affect their financial solvency? B/D's that have
> become insolvent
> > in the past proved to be a mess. It can take months for traders to gain
> > access to their accounts. No, the NASD will not close your
> position out for
> > you. Someone trading at this firm should ask for a recent
> balance sheet and
> > how they are going to pay the fine. I know they are not
> self-clearing, but
> > insolvency can still be a real problem.
> >
> >
> >
> > Investor Beware ????? Heard that before?
> >
> >
> >
> > Rich C.
> >
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> >
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> >
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> >
> >
> >
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