Robinhood S-1 IPO

Re:Robinhood S-1 IPO by np_tedious on Thursday July 01, 2021 @10:00PM (#27707138)

I don't know the exact situation with all of them, but at least Robinhood and WeBull both occurred due to reliance on Apex Clearinghouse

[ Parent | on HN ]

Re:Robinhood S-1 IPO by kasey_junk on Thursday July 01, 2021 @10:10PM (#27707194)

https://blog.robinhood.com/news/2018/10/9/introducing-cleari...

Robinhood has been self clearing for years before the GME incident

[ Parent | on HN ]

Re:Robinhood S-1 IPO by gruez on Friday July 02, 2021 @12:24AM (#27707787)

Right, but that just means whatever problems that the clearinghouse was experiencing (they're not just doing it willy-nilly) is passed to robinhood directly.

[ Parent | on HN ]

Re:Robinhood S-1 IPO by np_tedious on Saturday July 03, 2021 @10:47AM (#27721930)

Yeah, I should've said DTCC in robinhood case. Thanks for correcting me, GP. I should've remembered this from the tax statements changing

[ Parent | on HN ]