Re:Analysis: Robinhood protected from lawsuits by user agree...
by tptacek on Saturday January 30, 2021 @03:19PM
(#25972572)
No, clearinghouse requirements can apparently be per-symbol, and it's been reported that that's exactly what happened this week. It's a function of the volatility of the stock and also the proportion of the stock to all stocks being traded at a particular brokerage. There's an actual published formula somewhere on NSCC's site.
Why did they give no warning? I don't know, I think they're a clownfire.
Why did they give no warning? I don't know, I think they're a clownfire.