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und eben diese Privatnaleger können mit solchen Rushes ihren Robin Hood Broker in den Ruin treiben, hier mal ausgeführt:
Robinhood (RH) is a broker. They don't execute stock orders themselves. They sign up customers, route their orders to executing brokers, and keep track of who owns what. RH is also its own clearing broker, so they directly settle and custody their clients' securities.
RH customers buy and sell stocks. Those trades don't settle (settle = closing, the exchange of cash for security) until T+2, two days later. Depending on the net of buys/sells, RH is on the hook to pay or recieve that net cash. That's credit risk.NSCC is the entity that takes that credit risk. It matches up the net buyers and sellers, post-trade, and handles the exchange of cash for security. To mitigate the credit risk that one of the clearing brokers fails, they demand the brokers post a clearing deposit with them.
threader.app/thread/1354952686165225478
Sie dürfen KEIN Klienten Geld als Sicherheit hinterlegen, sondern müssen eigenes Geld auf den Tisch legen... wenn das Exposure explodiert, wie hier geschehen, haben sie ein Problem, weil auch die Sicherheiten die sie hinterlegen müssen explodieren, so ist nun mal das Gesetz.
Robinhood (RH) is a broker. They don't execute stock orders themselves. They sign up customers, route their orders to executing brokers, and keep track of who owns what. RH is also its own clearing broker, so they directly settle and custody their clients' securities.
RH customers buy and sell stocks. Those trades don't settle (settle = closing, the exchange of cash for security) until T+2, two days later. Depending on the net of buys/sells, RH is on the hook to pay or recieve that net cash. That's credit risk.NSCC is the entity that takes that credit risk. It matches up the net buyers and sellers, post-trade, and handles the exchange of cash for security. To mitigate the credit risk that one of the clearing brokers fails, they demand the brokers post a clearing deposit with them.
threader.app/thread/1354952686165225478
Sie dürfen KEIN Klienten Geld als Sicherheit hinterlegen, sondern müssen eigenes Geld auf den Tisch legen... wenn das Exposure explodiert, wie hier geschehen, haben sie ein Problem, weil auch die Sicherheiten die sie hinterlegen müssen explodieren, so ist nun mal das Gesetz.
