On zero-fee trading platforms you are not the customer. You are the product. https://twitter.com/justinkan/status/1354793937538433035
Who pays Robinhood, Schwab and TD when you make a trade? Citadel.
They clear 40% of all trades for retail investors across the US.
They clear 40% of all trades for retail investors across the US.
So let me get this straight...
The company with the most to lose from continued trading of $GME on Robinhood (Citadel) is the company that executes such trades on behalf of Robinhood
So upon losing, Citadel calls up Robinhood and puts a stop to it
And that is legal? https://twitter.com/robinhoodapp/status/1354805613566410756
The company with the most to lose from continued trading of $GME on Robinhood (Citadel) is the company that executes such trades on behalf of Robinhood
So upon losing, Citadel calls up Robinhood and puts a stop to it
And that is legal? https://twitter.com/robinhoodapp/status/1354805613566410756
What are the three zero-fee platforms that have Citadel execute their trades (the firm with the most to lose from $GME trading)?
Robinhood, Schwab and TD Ameritrade
What platforms halted $GME trading today?
Robinhood, Schwab and TD Ameritrade
Robinhood, Schwab and TD Ameritrade
What platforms halted $GME trading today?
Robinhood, Schwab and TD Ameritrade
Why was $GME buying halted today and not yesterday or tomorrow?
Because GME options expire tomorrow, and if the price tomorrow isn’t under $150 then Citadel will go up in flames.
Citadel shut down the power to its metaphorical casino because it couldn’t stop hemorrhaging money.
Because GME options expire tomorrow, and if the price tomorrow isn’t under $150 then Citadel will go up in flames.
Citadel shut down the power to its metaphorical casino because it couldn’t stop hemorrhaging money.