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A comment on Robinhood, in Need of Cash, Raises $1B from Its Investors. Parent comment

Re:Robinhood, in Need of Cash, Raises $1B from Its Investors by skybrian on Friday January 29, 2021 @02:42AM (#25955027)
As I understand it, stock trades take days to settle and the brokerage is on the hook if the customer doesn't pay for some reason. When the market is so volatile, Robinhood's trading partners demand more collateral.
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Re:Robinhood, in Need of Cash, Raises $1B from Its Investors by astrange on Friday January 29, 2021 @03:29AM (#25955266)
It’s NSCC who demands it, the central clearinghouse for all these trades.
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Re:Robinhood, in Need of Cash, Raises $1B from Its Investors by qeternity on Friday January 29, 2021 @03:46AM (#25955365)
DTCC
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Re:Robinhood, in Need of Cash, Raises $1B from Its Investors by astrange on Friday January 29, 2021 @12:59PM (#25960248)
https://www.dtcc.com/about/businesses-and-subsidiaries/nscc
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