On Interactive Brokers, did anyone else get this email message today (further below) or just me?
Also wondering: Is it bad that I don't know what most of this means, haha, for real though? I work hard on trading, with little time left for learning all the embedded outside nuances. I do plan at some point knowing everything, ambitious, right?!?!
This is where being part of a community and being candid will benefit us all. Seeking wisdom here on what this all means.
Thanks in advance, -Matt aka SmallForces
"Dear Client,
In response to extreme market volatility and substantially increased risk sentiment in global markets, we are taking the following steps with immediate effect:
1. Intraday margin discounts remain suspended until further notice.
2. Liquidation deferrals: the buffer for activation of liquidations is currently 5%, but may be reduced further as market conditions warrant [Background: under normal market conditions IBKR usually delays liquidations for a period of time during the active trading session when an account is only slightly (less than 10%) under its financial requirements to allow clients to individually manage their risk reduction activities].
3. We will be deploying re-assessments of margin requirements more frequently and in some cases, on an intraday basis. Clients with positions having exposure to large moves in most asset classes (equity, energies, capital markets, forex, bonds) may expect higher capital requirements on short notice and should consider managing their risk and capital positions in their accounts to anticipate such changes.
-Interactive Brokers Client Services"
