Interactive Brokers reports $120 million of negative client equity on Swiss Franc move

Online discount brokerage firm Interactive Brokers Group, Inc. (NASDAQ:IBKR) has reported that due to the sudden move in the value of the Swiss Franc (“CHF”) yesterday, several of its customers suffered losses in excess of their deposit with the company.

Such client debits amount to approximately $120 million, less than 2.5% of IBKR’s net worth.

Interactive Brokers shares were off about 5.7% in premarket trading Friday.

To see the company press release click here.

Read Also: