That is true, and maybe most likely what’s happened.
Just realized that DTCC changing the deposit requirements seems completely non-transparent and arbitrary (I agree it was a plausible reason in this case), abs could be used to help their friends in hedge funds that had shorted, out of someone paid them to do this.
The fundamental problem is that the stock market has substantial different rules, for example see after hours trading, which can be used to take margins away from unprofessional investors.
> Just realized that DTCC changing the deposit requirements seems completely non-transparent and arbitrary
There’s a difference between something being so esoteric that most people don’t know about it, and being non-transparent. As the article points out, the deposit requirements follow a known formula, it’s just one that most of us had never heard of before all this.
Just realized that DTCC changing the deposit requirements seems completely non-transparent and arbitrary (I agree it was a plausible reason in this case), abs could be used to help their friends in hedge funds that had shorted, out of someone paid them to do this.
The fundamental problem is that the stock market has substantial different rules, for example see after hours trading, which can be used to take margins away from unprofessional investors.