Re:Algorithmic Trading: A Practitioner’s Guide
by Kranar on Monday February 13, 2023 @12:02AM
(#34770319)
I'd be very careful to categorically state what is true or isn't true on a topic that you may not quite be an expert in.
Brokers have no ability to liquidate a position on a company that declares bankruptcy after market hours. In fact, most major events happen during times when trading is either halted or the market is closed.
As sad as it is, there are people who have committed suicide over having a negative balance including this individual who carried a -$730,000 balance:
Brokers have no ability to liquidate a position on a company that declares bankruptcy after market hours. In fact, most major events happen during times when trading is either halted or the market is closed.
As sad as it is, there are people who have committed suicide over having a negative balance including this individual who carried a -$730,000 balance:
https://www.nytimes.com/2020/07/08/technology/robinhood-risk...