Interactive Brokers Chair Says Firm Imposed Curbs to Protect Market Integrity
- Interactive Brokers liquidated thousands of positions, he says
- About 27,000 customers had stakes in GameStop as of Wednesday
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Thomas Peterffy, the billionaire chairman of Interactive Brokers Group Inc., said his firm imposed restrictions on trading of certain stocks and options to protect the integrity of the markets.
“Simply put, we are worried about the integrity of the marketplace and the system,” Peterffy said Thursday in an interview with Bloomberg Television, after his firm and others curtailed certain trades in GameStop Corp. and AMC Entertainment Holdings Inc., among others.