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Tuesday, August 17, 2021

Wall Street Breaks From Robinhood in Stock Settlement Debate - Bloomberg

Robinhood Markets Inc.’s Vlad Tenev’s effort to get brokerages and investment firms to settle stock trades in real time isn’t winning over Wall Street. 

Powerful lobby groups for brokerages and money managers doubled down on Tuesday that while they agree on the need to shorten the current two-day window for physically depositing stock in a buyer’s account, settling trades the same day may be a bridge too far. 

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"street" - Google News
August 17, 2021 at 08:00PM
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Wall Street Breaks From Robinhood in Stock Settlement Debate - Bloomberg
"street" - Google News
https://ift.tt/2Ql4mmJ
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