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Nit: RH is self clearing, most other retail brokerages use Apex. Both Apex and RH had the same collateral issues though.
by maest 6y ago
Nit: RH is self clearing, most other retail brokerages use Apex. Both Apex and RH had the same collateral issues though.
- tptacek 6y agoBoth RH and Apex are NSCC member firms. The policy change came from NSCC (which is a part of DTCC).