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Anyone Caught in Interactive Brokers Platform Crash on 1.5.18?

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Market Wizard
Boca Raton
Trading Experience: Advanced
Platform: Variety
Broker/Data: Optimus Futures, LLC
Favorite Futures: Futures
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Gedman View Post
Was anyone caught in the IB platform crash/disconnection on Friday, 1.5.18? IB was down for several hours. Not sure, but it may only have affected live trading only. I happened to close a small winning trade and took a break, apparently just a few minutes before the event occurred, so I didn't actually see it happen.

Other than setting up a second brokerage account where one could go and place a counter trade from the one you have been severed from in this type of instance, is there any other way to protect yourself? (As I understand it, IB was unable to execute stop orders that were submitted before the event occurred.)

it is rather hard to protect yourself if the broker feed itself had technical difficulties and you are unable to execute.
Always have your trade desk number handy.

You can take protective measures if failures occur on your side whether technical or other.
However, in both cases, you can have a second account to execute from and it could be a good alternative.

Matt Z
Optimus Futures

There is a substantial risk of loss in future trading. Past performance is not indicative of future results.

PM with any questions about optimusfutures (800) 771-6748 (561) 367 8686. THERE IS A SUBSTANTIAL RISK OF LOSS IN FUTURES TRADING.
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