Trading Volumes Plunge As Interactive Brokers, Robinhood Suffer Major Outages

Another day, another chaotic open to the US cash markets (with Nasdaq soaring against Small Caps slumping)… an another major outage for retail traders.

As the decoupling began…

Interactive Brokers went down:

We are experiencing technical difficulties and we are working to restore services.

— Interactive Brokers (@IBKR) December 7, 2020

And continues to suffer what it calls a “major outage”

Source: DownDetector

Interactive Brokers confirms a significant failure in multiple segments of a data storage system, working on recovery and are rerouting to backup centers; expects a “prompt recovery”

And shortly after IBKR’s outage, Robinhood went down…

Source: DownDetector

Volumes are noticeably lower today amid the outages, one contact highlights that e-mini S&P futures volumes are lower by around 30%.