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Interactive Brokers restricted GameStop trading to protect the market, says Chairman Peterffy

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In this photo illustration, the Interactive Brokers LLC logo seen displayed on a smartphone.

Igor Golovniov | LightRocket | Getty Images

Interactive Brokers chairman Thomas Peterffy said the broker’s move to curb trading in speculative names was to safeguard the market and the clearing firms that settle the trades.

“We are worried about the integrity of the marketplace and the clearing system,” Peterffy said on CNBC’s “Closing Bell” on Thursday.

On Thursday, Interactive Brokers put option trading into liquidation on a handful of highly volatile stocks like GameStop, AMC Entertainment and Koss, which have garnered an army of retail investors looking to crush hedge funds shorting the names….



Source cnbc.com

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