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Kodiak

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Posts posted by Kodiak

  1. I wonder if the DAX acting like a rocket has something to do with that chinese guy went belly up?'

    some kind of risk off and unwinding (leverage) shorts?

    " the Archegos incident was a “wake-up call” for Credit Suisse and should lead to sweeping changes to its culture and oversight practices."

    https://fortune.com/2021/04/01/how-deutsche-bank-managed-survive-unscathed-from-archegos-meltdown/

     

    https://www.ig.com/au/news-and-trade-ideas/the-archegos-capital-management-meltdown--everything-you-need-to-210330

     

  2. Well, its not rocket science

    If a punter with negative balance protection buy a stock on margin and IG buy the stock to hedge the bet, what happens if the stock go down to zero?

    And if IG takes the other side (not hedging) and the stock goes up 200%?

    Add then whats happens when the market "crash" (flash crash) and everybody tries to sell the same stock at the same time

    Its all about risk

    "“Retail investors are such an important part of the financial markets, but until now have largely been ignored because they tended to buy and sell in isolation,” he warned. “Now they are gathering together and realising how much power they have as a collective. GameStop will not be the last share traded in this way. Interesting times ahead.”"

    https://www.theguardian.com/business/2021/jan/30/how-gamestop-traders-fired-the-first-shots-in-millenials-war-on-wall-street

  3. "The number of OTC leveraged active clients increased by 49% on the first half of FY20."

    "Our stock trading product performed exceptionally well, with revenue increasing over 250%. This was driven by an 88% increase in the number of clients trading,"

    "We've significantly increased capacity across our platforms since the summer, which enabled us to maintain 100% platform uptime while handling the substantially higher trading volumes we've seen in the first half. We've also increased our operations headcount, which includes client service and account opening, by 35. This is partially in response to the step-change in the size of the client base. However, some of this was also to help drive a number of operational projects to ensure we can meet the growing demands of our increasingly diverse and global client base"

    as a sidenote, 

    "The average age of tastytrade clients is 42 years old, the same as IG"

    https://www.iggroup.com/investors/financial-results/results-reports-and-presentations/result/year/2021

    PDF

    • Like 1
  4. 3 hours ago, Caseynotes said:

    Robinhood might be bust.

     

    Robinhood’s “position-closing only” list for tomorrow.

    image.png.f1726118c275d860c511f08d3563bc16.png

     

    Robinhood Is Said to Draw on Bank Credit Lines Amid Tumult - BBG

    https://t.co/0jHAXH4AX3

     

    Stephanie Ruhle  @SRuhle

    . @RobinhoodApp CEO on @CNN It’s pretty clear, THEY DID NOT HAVE THE CAP TO MEET THE HIGHER CAP REQUIREMENTS WHEN FLOWS BLEW UP. They could not comply with the requirements. The pressure is ON, but I don’t know how they can open up these stocks tomorrow & avoid this again

    "12 billions a few months ago"  🤔

    1518954957_RobinhoodIPOMarketCap(Bn)_20210129_11_30.thumb.png.389acc9adf76a2b52fd9a37111119272.png

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