[tester89]

I don’t really understand why the traders would end up owing money. If they thought they were paying 0,01 $/bbl but we’re actually “paying” -37 $/bbl wouldn’t IB owe them?

[Stierlitz]

@tester89 > I don’t really understand why the traders would end up owing money. If they thought they were paying 0,01 $/bbl but we’re actually “paying” -37 $/bbl wouldn’t IB owe them?

My thoughts precicely, is there anyone on here that could explain the intricacies of these kind of trades?

[tedunangst]

He sold it (or IB did so on his behalf at end of day) at -$37.

[em-bee]

i understood that he bought at -3.7, and then it dropped further to -37.