Interactive Brokers acts on actively traded symbols

KUALA LUMPUR, Jan 29 -- Interactive Brokers Group, a global brokerage firm, announced it has put AMC, BB, EXPR, GME, and KOSS option trading into liquidation only due to the extraordinary volatility in the markets.

In addition, long stock positions will require 100 per cent margin and short stock positions will require 300 per cent margin until further notice, according to a statement.

The company does not believe the situation will subside until the exchanges and regulators halt or put certain symbols into liquidation only. It will continue to monitor market conditions and may add or remove symbols as may be warranted.

Interactive Brokers Group affiliates provide automated trade execution and custody of securities, commodities, and foreign exchange round-the-clock on over 135 markets in numerous countries and currencies.

-- BERNAMA