Interactive Brokers Reports Blockbuster Trading Activity
Discount broker Interactive Brokers reported its first-quarter earnings on Tuesday April 21, recording massive trading activity during what proved to be one of the most volatile months in U.S. stock market history.
However, while you may think all this activity would benefit Interactive Brokers, and all online brokers for that matter, huge stock market and interest rate declines offered a counteracting headwind. After the quarter ended, Interactive Brokers also disclosed a huge trading loss as oil futures went negative for the first time ever on Monday night.
The news sent shares down 8.8% the next day. But is the sell-off an opportunity?
Source Fool.com
