Re:Robinhood is said to draw on bank credit lines amid tumult
by LatteLazy on Thursday January 28, 2021 @07:54PM
(#25952046)
This whole thing is a confusing mess. Do you know why Apex Holdings decided that? Why would a clearing firm do that, they're at no risk afaik...
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Re:Robinhood is said to draw on bank credit lines amid tumult
by saddlerustle on Thursday January 28, 2021 @08:52PM
(#25952593)
Almost all US equities are settled by DTC. Settlement is not clearing, clearing firms still have obligations to DTC
Re:Robinhood is said to draw on bank credit lines amid tumult
by LatteLazy on Friday January 29, 2021 @10:14AM
(#25958023)
Thanks, but I'm still left wondering: why would dtc be unable to settle those trades? It seems like it would be easier for dtc to settle RobinHood trades if they were all (worst case) in one symbol than it is when clients trade 101 different names...