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Robinhood and TD Ameritrade both do the same thing when the stock market tanks. Considering these companies are supposed to be making profit from their services
by zzbzq 6y ago
Robinhood and TD Ameritrade both do the same thing when the stock market tanks. Considering these companies are supposed to be making profit from their services rather than interest on appreciation the assets their customers trade on their platforms, I'd think the more likely culprit is external DoS attacks from entities with large stakes, rather than the companies themselves.
- mumblemumble 6y agoI doubt it's anything nefarious. Competence is certainly a huge factor, but it isn't everything. It's crazy how much market activity spikes when the stock market tanks. And, unlike holiday retail rushes, it's very difficult to anticipate and plan for such days. (If anyone knows how, they're way too busy getting filthy rich to bother with telling anybody else how to do it.) So you're invariably caught off guard. Source: Worked at a firm that never actually went down under the load, but got plenty of cardio in helping to make sure it didn't.