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  • BTW, Robinhood (from an interview with Robinhood) may have done this because DTC upped their upfront collateral requirements for gme/lot due volitility. From around 2% to 100%. But as it only applies to buy side but not sell. And instead of raising short term loan, they decided to restrict their clients.

    DTC is the clearing house and owns 95% of the market. And while they process it, they ask for collateral.

    But my thoughts would be that they'd have asked citadel for the loan and they'd have denied them.

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