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A comment on Robinhood is said to draw on bank credit lines amid tumult. Parent comment
If settlement was instantaneous then to sell a stock on an exchange you'd have to have the stock. To buy you'd have to have cash.
Currently market makers don't have either.
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If settlement was instantaneous then to sell a stock on an exchange you'd have to have the stock. To buy you'd have to have cash.
Currently market makers don't have either.