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The DTCC raised the requirement, and my understanding is that these requirements are generated formulaically; not publicly available, but is based on volume, vo
by nrmitchi 6y ago
The DTCC raised the requirement, and my understanding is that these requirements are generated formulaically; not publicly available, but is based on volume, volatility, etc of the individual underlying assets, and how exposed specific institutions are to that volatility.
The DTCC wouldn't care one way or another if GME went up or down. They're goal is to make sure that different parties are able to settle their obligations with a very high degree of certainty, and ensure that investors won't lose their money with solvent brokerage firms or other intermediaries.
If you're arguing that the DTCC is beholden to the whims of a (relatively) miniscule hedge fund, you're crossing into conspiracy theory territory.