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dow jones
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<blockquote data-quote="DriveInDriѵeOut" data-source="post: 4760882" data-attributes="member: 44954"><p>So supposedly, actually executing the trades fully takes 48 hours, and the clearinghouses require a a lot of capital from the brokerage firms as a guarantee.</p><p></p><p>Because trade volume was so high, Robinhood may have been concerned about the amount of liquidity they had left available for their service, so they halted trading. Now they're saying they've secured more lines of credit so they're allowing trading again.</p><p></p><p>Not sure I buy it, but that's what the financial talking heads were saying yesterday.</p></blockquote><p></p>
[QUOTE="DriveInDriѵeOut, post: 4760882, member: 44954"] So supposedly, actually executing the trades fully takes 48 hours, and the clearinghouses require a a lot of capital from the brokerage firms as a guarantee. Because trade volume was so high, Robinhood may have been concerned about the amount of liquidity they had left available for their service, so they halted trading. Now they're saying they've secured more lines of credit so they're allowing trading again. Not sure I buy it, but that's what the financial talking heads were saying yesterday. [/QUOTE]
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