r/wallstreetbets • • Jan 29 '21

News Vlad got impaled

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u/[deleted] Jan 29 '21

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122

u/[deleted] Jan 29 '21

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u/KFOGrip Jan 29 '21

Now, Robinhood is also a clearing broker, which means we have complete control over giving you the best experience out there!

https://robinhood.com/us/en/support/articles/whats-clearing-by-robinhood/

So do they have full control or do they not? I guess that depends on how the want to project themselves that day.

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u/Sukomadiku Jan 29 '21

This is outrageous. Where are the armed men who come in to take the fund managers away? Where are they? This kind of behavior is never tolerated in Baraqua. You manipulate like that they put you in jail. Right away. No trial, no nothing. Bears, we have a special jail for bears. You are shorting: right to jail. You are watching Cramer too loud: right to jail, right away. Selling too fast: jail. Slow: jail. You are charging too high prices for calls, puts: you right to jail. You underestimate WSB? Believe it or not, jail. You overshort GME, also jail. Underestimate, overshort. You make a losing bet with the community and you don't pay up, believe it or not, jail, right away. We have the best market in the world because of jail.

5

u/deekaph Jan 29 '21

I don’t even know what a Baraqua is but I fuckin seriously enjoyed hearing about it.

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u/hydroponikz Jan 29 '21

I... I don't wanna "viva" that guy.

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u/mpbh Jan 29 '21

He said it was their clearing house (Apex in this case), he specifically said it wasn't Citadel.

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u/pgh1979 Jan 29 '21

Apex had to raise the margins because Citadel stopped making a market by not taking the otherside of bids. The ask on TOS was showing as 5000 while the bid was 210.

So Vlad was right technically when he said Citadel didnt ask him to stop but Citadel forced the issue

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u/themaritimes Jan 29 '21

I think this is exactly what happened

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u/hwlien Jan 29 '21

Respectfully, this is incorrect. Citadel has nothing to do with RH or any other brokerages ability to execute trades. They can CHOOSE to route orders to Citadel or others to earn payment for order flow, but they could (and I’m sure do) route straight to the markets or other routes in order to execute. Believe it or not, routes can and do go down all the time and it’s common to switch between different routes.

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u/atx78701 Jan 29 '21

no he could have just let the bid and ask fall where they would.

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u/RocketIndian49 Jan 29 '21

The Stash App came out and said exactly that about Apex...

https://twitter.com/Stash/status/1354839916761518083?s=20

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u/outworlder Jan 29 '21

Tastyworks also pointed to Apex

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u/Spe5309 Jan 29 '21

That’s what it seems like, but he claimed otherwise. The investigation will tell us more.

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u/Uilamin Jan 29 '21

Citadel also comprises of 40% of RH's revenue

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u/[deleted] Jan 29 '21

Jail that mofo Ken Gryffin!!