Trading Halts And Game Over

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istock

Analysis and Commentary
via The Grumpy Economist

David Battan writing in the WSJ brings come clarity to Robin Hood’s trading stop. It raises some questions for me, however. Much of the problem seems to stem from two-day clearing and settlement, and brokers lending people money to trade. Instant settlement and at least separating the lending activity from the trading activity ought to help. The institutions are really stuck with relics of a pre-computer world, it seems.

Read the Full Article here: >Hoover Institution