It’s Time for Real Time Settlement
blog.robinhood.com
It’s Time for Real Time Settlement
1–10 of 445 posts
Re: It’s Time for Real Time Settlement
#2baby steps, maybe we can go to overnight settlement first.
Robinhood please bring options on cme bitcoin futures to the masses.
Re: It’s Time for Real Time Settlement
#3I don’t even know what to say about this. It doesn’t sound like he learned his lessons at all. He’s calling for real-time settlement which is not practical for equities. On top of that he completely dismissed RH’s root problems: very loose margins and new account standards. I was defending RH on HN last week but I have to reconsider.
Re: It’s Time for Real Time Settlement
#4I don’t even know what to say about this. It doesn’t sound like he learned his lessons at all. He’s calling for real-time settlement which is not practical for equities. On top of that he completely dismissed RH’s root problems: very loose margins and new account standards. I was defending RH on HN last week but I have to reconsider.
Robinhood got called up at 3am with an extortion demand for $3 billion due that morning, unless they shut off Buy orders of GME.
The collateral call had nothing to do with Robinhood’s ability to pay for the orders it was placing.
The problem was the GME short sellers were insolvent at the prices the stock was trading at, and contagion from the hedges failing would have left the clearinghouse looking at billions in loses.
Re: It’s Time for Real Time Settlement
#5I don’t even know what to say about this. It doesn’t sound like he learned his lessons at all. He’s calling for real-time settlement which is not practical for equities. On top of that he completely dismissed RH’s root problems: very loose margins and new account standards. I was defending RH on HN last week but I have to reconsider.
dumb question, why is not practical? As for the root problems, those are not related to the issue from last week (not sure if you're aware, but margin had no factor in play with the DTCC requirements).
Re: It’s Time for Real Time Settlement
#6It's a good thing that DTCC aware of this issue and is looking into accelerating this to T+1 (followed by T+0) using blockchain and distributed ledgers.
https://www.finextra.com/finextra-downloads/newsdocs/embraci...
Edit: No clue why this is downvoted.
Re: It’s Time for Real Time Settlement
#7I am not quite sure if everyone else is ready for this.
Re: It’s Time for Real Time Settlement
#8Out of curiosity, are there any reasons to prefer slower settlement? (Since this seems like a no-brainer, but clearly hasn’t happened already)
Re: It’s Time for Real Time Settlement
#9It's a good thing that DTCC aware of this issue and is looking into accelerating this to T+1 (followed by T+0) using blockchain and distributed ledgers. https://www.finextra.com/finextra-downloads/newsdocs/embraci... Edit: No clue why this is downvoted.
How come I know for sure this will fail?
Re: It’s Time for Real Time Settlement
#10It's a good thing that DTCC aware of this issue and is looking into accelerating this to T+1 (followed by T+0) using blockchain and distributed ledgers. https://www.finextra.com/finextra-downloads/newsdocs/embraci... Edit: No clue why this is downvoted.
How come I know for sure this will fail?
Probably blockchain