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Robinhood Is Said to Draw on Credit Lines from Banks Amid Tumult
- cwwc 6y agoBecause of net capital requirements, maybe? Or... pressure from clearing houses whose buddies are at citadel et cetera?
- deleted 6y ago[deleted]
- colinj2 6y agoRobinhood's instant access to transferred funds is a margin account feature. So is instantly having access to your funds from selling a position. So just holding one share of GME increases RH's liquidity requirements. When I asked why the company I work for didn't do the same I was told we couldn't afford to give every warm body a margin account.
- cwwc 6y agofascinating - didn't know this