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Screenshot of a breaking news alert e-mail from Q2 2017
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.