Quote:
Originally Posted by agulati
Questrade has had no restrictions either. Not sure if any Canadian broker has had some.
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TD had some, but not sure if it was a US only thing as there US brokerage is seperate.
Not sure if DTCC is the stock transaction trust for Canadian brokers, DTCC put 100% collateral on share purchases due to the risk (normal is around 2% from what I hear). This caused the clearing houses to shutdown retail buying as the volumes would use all their capital, grinding the entire stock market to a halt waiting the 2-business days for the capital to clear.
So if DTCC doesn't handle the Canadian clearinghouses the same wasn't needed up here.
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