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They didn't. It was TD, Interactive Brokers, and Robinhood. Maybe more by now, but they acted alone. My guess is that market makers that these brokers sell o
by psychlops 6y ago
They didn't. It was TD, Interactive Brokers, and Robinhood. Maybe more by now, but they acted alone.
My guess is that market makers that these brokers sell orders to said no. Brokers make a lot of money selling retail orders to someone else.
- sakopov 6y agoIt's anecdotal but ETrade, TD, Ally Financial all started blocking buy orders at seemingly the same time - yesterday morning shortly after market open. The reason I know this is because I was on the phone with a friend at 9am Central and neither him nor I were able to purchase $GME, $BB or $GMC (he's on Ally and I'm on Etrade). Around the same time I started seeing messages on social media that TD was also blocking traders. I think you're right that the order likely came from MMs and everyone followed through.
- Avalaxy 6y agoTrading212 was also halting trading.