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Oil price negative?


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Oil price negative?

  #191 (permalink)
NotKenGriffin
Houston TX
 
Posts: 23 since Apr 2020
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I just meant in terms of not knowing what secondary platforms support ICE S2F. Looking for something for my PA -- I'll check out TT, thanks.

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  #192 (permalink)
tradalert
Germany
 
Posts: 4 since Apr 2020
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Hello,

If you read this message, and you are in the same situation with IB and oil contracts, write me on Telegram to the user: @tradalert

There are more people in this situation.

Best!

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  #193 (permalink)
tradalert
Germany
 
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maksend View Post
I Lost 450k in same liquidations through IB. Looking for the same victims for class action

1. On interactive brokers website were no warnings that the price of an asset could be negative
2. During the trading session, I tried to close this position with a negative limit price(-0.01 us dollar), but technically platform does not allow this. I recorded video from a PC, as well as from a mobile terminal.
3. Within a short time IB closed trading under this contract and I did not have a chance to carry out any operations

Write me on Telegram: @tradalert

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  #194 (permalink)
 
SMCJB's Avatar
 SMCJB 
Houston TX
Legendary Market Wizard
 
Experience: Advanced
Platform: TT and Stellar
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NotKenGriffin View Post
I just meant in terms of not knowing what secondary platforms support ICE S2F. Looking for something for my PA -- I'll check out TT, thanks.

Yes its a thin field. Several of the so called 'pro' systems do not have S2F connectivity and virtually non of the retail FCMs do.

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  #195 (permalink)
 
TraderMich's Avatar
 TraderMich 
Copenhagen + Denmark
 
Experience: Advanced
Platform: Sierra Chart
Broker: Broker: Trade Future 4 Less. Data Feed/Order routing: CQG
Trading: DAX; ES; Bund Futures
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SMCJB View Post
You being an energy guy know that there's lots of energy products that trade negative, especially Gas Basis. So any platform with access to ICE S2F is almost guaranteed to offer it.

Trade Future 4 Less/Sierra Chart can handle negative pricing for CME CL-Futures - Just treid to put an limit buy order of -4.00 in -Worked fine

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  #196 (permalink)
 
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 SMCJB 
Houston TX
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June at 1587.

1/ M/N trading -341 which is +185 on the day.
Really? Suspect this is the post- "every oil etf and commodity index roll" bounce.

2/ 1600/1700 Put Spread is 44/49 and 1500/1600 Call Spread is 58/62
Kind of tells you how the market thinks the distribution looks.

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  #197 (permalink)
futures trader
san diego, ca USA
 
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Pa Dax View Post
From what I read, the charting of TradeStation also didn't support negative prices?

Multicharts would not trade below zero with the QM contract as well

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  #198 (permalink)
futures trader
san diego, ca USA
 
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Schnook View Post
I don't think for one second that the carnage we witnessed was due solely to some fluke in the futures roll. There was intent behind this move and I don't think it's over yet.

Absolutely there was intent, it was blatantly obvious

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  #199 (permalink)
 bassa 
amsterdam
 
Experience: Master
Platform: NT
Broker: IB
Trading: stocks
Posts: 25 since Oct 2010
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Just to come back with some info.... Relating my and others loss in the oil future...

We get fully compensated... A lot of relief for us all..

Thx all for support!

Sent using the NexusFi mobile app

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  #200 (permalink)
 
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 SMCJB 
Houston TX
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wow. Great news for you guys.

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