Here is the founder and chairman of IB being interviewed about the trading stop in GME.
Weird camera angle in his home setup.
https://youtu.be/kV_P8wnY854
- They're allowing trading and GME etc are up 50% in off-hours trading.
- RH says the freezes were due to capital requirements etc ... no clue what buggery this is
https://www.cnbc.com/2021/01/28/robi...customers.html
https://www.cnbc.com/2021/01/28/robi...ter-hours.html
Worst case scenario, the borrowing counterparty has to buyback the stock. risk of recall (which the broker always retains the right contractually) and stability of the borrow a real thing they have to manage and consider for their short exposure which, like the bitcoin lending market, drives the rates up for how much they're willing to pay for securing a borrow. "stable" stock positions (longterm buy and hold positions in wealth management or pension funds for example) have higher value in the lending market.
One more - days range in gme: 112.25 - 483.00
https://twitter.com/555Sunny/status/1354854993946406917
Ibkr chairman saying they stopped trading to "protect the clearinghouse and the brokers" because "the other side of the trade" doesn't have the money to pay their losses
https://youtu.be/7RH4XKP55fM
**delete**