Quote:
Originally Posted by Flaming Homer
I find this hard to believe considering that GME isnt even close to one of the highest volume traded stocks on a day to day basis. People were trying to purchase like 5 stocks a pop when its at such high prices as 300+. You can purchase up to 5000 shares at once on these brokerages of any other stock. Of course they are going to come out and say this was really the reason...
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Most of the volume on most stocks is done by institutions, through institutional brokerages and custodians. Those volumes are primarily on large cap stocks with no where near the same volatility. There are no clearing or settlement risks on any of that stuff.
It is very likely that GME and AMC would be the biggest volumes for RH and these brokerages, over the last few days. Probably by a considerable margin. A significant percentage of it from accounts with little to no assets in them