Replies to post #137431 on NorthWest Biotherapeutics Inc (NWBO)

[sentiment_stocks]

That number was closing in on two billion at Knight Capital alone.

The number was $1,821,957,000 in 2016.

It's filed under the Liabilities section and entitled:

"Financial instruments sold, not yet purchased, at fair value"

Fair value probably means something close to .17¢ per share today. Of course, if the share price went up really quickly, the fair value would likely be much higher.

So what exactly are "Financial instruments sold, not yet purchased, at fair value"? They are:

Stocks, government and corporate bonds, futures and options transactions are reported in the unaudited condensed consolidated financial statements on a trade date basis. All financial instruments owned and financial instruments sold but not yet purchased are recorded at fair value based upon quoted market prices All firm-owned financial instruments pledged to counterparties where the counterparty has the right, by contract or custom, to sell or repledge the financial instruments are classified as financial instruments owned and pledged as collateral in the unaudited condensed consolidated statements of financial condition.

http://www.wikinvest.com/stock/Interactive_Brokers_Group_(IBKR)/Financial_Instruments_Owned_Sold_Not_Yet_Purchased