Interactive Brokers Suffers Comprehensive Loss in Q3 2014 Due to USD Appreciation of $211 MLN
22 October 2014, 03:40
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The decrease in market making profits can also be attributed to lower average volatility, higher global M&A activity and a trading error that resulted in a loss of approximately $16 million during the quarter.
Interactive Brokers Group, Inc. (NASDAQ GS:IBKR) an online broker and market maker, has just reported diluted loss per share on a comprehensive basis of $0.13 for the quarter that ended September 30, 2014. Net revenues were $171 million and income before income taxes was $40 million...
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