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A comment on Robinhood denies claims that it sold GameStop shares out from under its traders. Parent comment

Re:Robinhood denies claims that it sold GameStop shares out ... by ur-whale on Friday January 29, 2021 @05:24PM (#25963528)
>can someone elaborate

Well there's - for starters - :

https://www.investopedia.com/terms/c/counterpartyrisk.asp

[ Parent | on HN ]
Re:Robinhood denies claims that it sold GameStop shares out ... by freeone3000 on Friday January 29, 2021 @09:22PM (#25965380)
All of that risk is associated with holding the goods and currency for this delayed period! It all makes sense, but, if ACH was 10 minutes instead of two days, the entire issue would barely matter.
[ Parent | on HN ]