No, the multiplier is from the "Margin Liquidity Adjustment Charge". It was raised so the brokers had to front 100% of purchase prices for 2 days. People keep

No, the multiplier is from the "Margin Liquidity Adjustment Charge". It was raised so the brokers had to front 100% of purchase prices for 2 days. People keep referring to a super transparent formula, yet nobody has actually been able to point me to what this formula actually is. Seems quite opaque to me, actually.