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The biggest question is whether or not their systems were able to execute margin calls. If they were down this long, that to me suggests data got corrupt and th
by pfarnsworth 7y ago
The biggest question is whether or not their systems were able to execute margin calls. If they were down this long, that to me suggests data got corrupt and they've been restoring from backups, etc, which means maybe all their services were inactive. If that's the case then could the margin system be active, or are people (and potentially RH) sitting on oversized losses if they were short today? What happens tomorrow if their margins kick in and sell at the open, and then the market drops? Lots of very interesting questions that need to be answered.
- Tiksi 7y agoI tried to clear all user data for RobinHood off my phone this morning and login fresh. At first I got absolutely nothing, but eventually my stocks and options came up, then my watchlist. However the watchlist was missing everything I added to it yesterday, though if I look up a symbol directly it does show as added. So I think your theory of restoring from backups has some merit. I wonder how they'll reconcile any orders placed/executed after the backup was taken if that's the case.