Re:Class Action Lawsuit Filed Against Robinhood
by JumpCrisscross on Thursday January 28, 2021 @06:44PM
(#25951178)
Thanks!
> Robinhood claims there are two types of brokers, introducing and clearing
Clearing brokers interface directly with the the clearinghouse, i.e. the DTCC. Introducing brokers clear through a clearing broker. (Who in turn interacts with the clearinghouse.)
> Robinhood claims there are two types of brokers, introducing and clearing
Clearing brokers interface directly with the the clearinghouse, i.e. the DTCC. Introducing brokers clear through a clearing broker. (Who in turn interacts with the clearinghouse.)