really?!
Wow apparently the CEO of Interactive Brokers (intermediary for T212) said he wonât allow buys âuntil the market goes back to normalâ. Crazy.
who would have thought?!
What difference does it make?
âŠeven the speculation doesnât logically follow 1, 2 or 3.
how come?
courtes of @EuanG
could this really be?!
How surprising that would be. I wouldnât believe it even if I saw it with my own eyes
Thatâs not right. Robinhood sells payment for order flow to Citadel. They are not owned by them.
Not true
Anyone know why gamestop spiked around 2pm ET? $490?
yes. they are just one of the market makers that buys and pays for Robinhoodâs order flowâŠ
But in many ways⊠they clearly do own them. Wonder what % of RH income comes from Citadel⊠I suspect an alarmingly high amount.
Iâd say the statement is factually incorrect in that they arenât specifically owned by citadel, but is anecdotally correct (with others) given payment for order flow can make up to 55% of robinhood total yearly revenue!
Hedge Funds had to cover some shorts apparently. Someone said it was ~2%.
And GME has short interest of 125%âŠ
Iâm sure you can do the maths
A stop loss of mine went through at the close ($200).
Me too
Same happened to me yesterdayâŠ
The market makers are pulling out all the dirty tricks at the moment. Apparently, they pay brokers for the data to see where the stop losses are and then trade amongst themselves with enough volume to lower the price to trigger the stop-loss.
They then buy those (relatively cheap) shares and keep them to close out their short positions. So the price goes right back up.
I just want to say a big thank you to Freetrade for allowing us to still invest
Hi Sam, I have seen 10âs of comments on reddit from people saying that they couldnât execute their trades today. Could you confirm what the cause of this was i.e. the exchangeâs circuit breaker or too much traffic on Freetradeâs platform?
It may be worth having pop-ups in app to say why services are not functioning as many users will be disgruntled and will likely never find out what the reason was.
Thread link, FYI: Anyone else unable to buy? : FreetradeApp