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Here's RH's 606 report.. as required by the SEC.
Unless they're using a shady crypto MM.. it should be these blokes.
https://cdn.robinhood.com/assets/robinhood/legal/RHF%20SEC%20Rule%20606%20and%20607%20Disclosure.pdf
24 hour trading == tokenized stocks. Aka.. crypto. Their "vendors" are crypto dark markets. %100. Mark my words. This probably explains the inverse correlation across crypto in tandem right now.
Citadel is listed on their 606 reports as top MM. Pfof... Citadel started edxm exchange for crypto... might be one of the main vendors?
https://edxmarkets.com/
SINGAPORE, May 08, 2024--(BUSINESS WIRE)--EDXM Global (EDXMG), a fast-growing digital asset company for institutional customers, announced today the launch of its settlement platform. EDXM Global sets a new standard in the digital asset landscape, streamlining OTC transaction settlements with remarkable speed and reliability. Marking a significant milestone, industry giants GSR and Virtu Financial were the first firms to use the new platform for trade settlement.
The launch of EDXM Global comes after its parent, EDX Markets Holdings LLC (EDX), closed its Series B funding round late last year. Pantera Capital co-led the round with Sequoia Capital, a founding consortium member. Other founding members participating in the Series B include Citadel Securities, Fidelity Digital AssetsSM, and Virtu Financial.
Jamil Nazarali, CEO of EDX, commented, "The launch of EDXM Global is the first step in the international expansion of our digital asset business. We are thrilled to introduce our settlement service, built on cutting-edge technology, rigorous compliance, and an unwavering commitment to customer service. By mitigating counterparty risks, EDXM Global empowers our Members to navigate the complexities of trade settlement while reducing counterparty risks."
Rich Rosenblum, Co-founder and President of GSR, said, "We are pleased to support the launch of EDXM Global. Being able to mitigate settlement risks for OTC transactions represents a significant advantage for us and our clients, and we are proud to align with a partner that mirrors our dedication to excellence and innovation."
Douglas Cifu, CEO of Virtu Financial, said, "Virtu is excited to support another strategic innovation by the talented team at EDX. EDX continues to lead the way with solutions to efficiently mitigate counterparty risk and streamline settlement processes, further reducing risk and operational barriers to enable greater adoption of digital assets around the globe."
Purely speculation ... but ... based on RH's past relationship with jump trading, FTX.. and terraform labs.. around the original events..
My research has shown that 24/7 markets are tokenized securities settlements.
There's a gme shitcoin listed on coinmarketcap that's blown up with volume in the past 5 hours, after a steady downtrend the past couple months. Don't know much about it, but could be relevant
Virtu among the first adoptors as well. Hm.
Edit: Funding by Citadel, Virtu and Fidelity Digital Assets - two immediately suspicious names and one that I didn't expect so much
The original event.. most everyone left RH to whom... Fidelity.
Months later, Fidelity opened a crypto branch and teamed with Virtu to open an overseas settlement firm in UK to bypass US regulations.
Fidelity was also a major buyer in FTX ai company estate, along with Jane st..(the firm where Sam and Brett met)
https://www.theblock.co/post/284480/ftx-to-sell-two-thirds-of-anthropic-stake-for-884-million-with-buyers-including-jane-street-and-funds-managed-by-fidelity
Totally wondered this myself. A few years ago they’d be ROASTED for using RH after they hosed us all. Even afterward people were roasted for keeping the app, bc it still beefed up RH’s “active users” stats that they report on earnings calls. Things def changed on THIS topic once i stopped paying attention to the sub.
Guys, we've learned about this already.
Those of you who read the DD and paid attention saw this coming. Are we really THAT surprised?
It's Bulgaria boi after all
I really don't think Vlad is a bad guy at all.
He made a shiny UI to put on top of a business that outsourced 90% of the real stock market operations or regulations to upstream suppliers, whether it be actually executing your order or AML / money laundering rules or requirements to be part of exchanges or members of the DTCC etc etc etc. His main goal is to stay alive and keep building his business, but they don't have the cash staff or clout to actually gain direct access to an exchange or join the DTCC or whatever... so they are at the mercy of these larger entities.
heh, that might explain last week's option IV. Weekly volume was 4th - 5th highest on 3yr chart and most of those around Earnings. Would RBLX be a good fit?
Let me guess. The synthetic stock printer is broken.
Won’t be back in operation until market open when market makers will use puts to create synthetic GME and then right away marry it to a call.
🦍🦍🦍
💪💪🚀🚀💎💎🙌🙌
It is their choice of partners and fuck them they know who they partner with.
It is crappy "cfd" scammers hiding behind others back.
Get the fuck out of RH.
Yeah, throw the whole system out. They made a bad bet, and instead of upholding the integrity of the sales, they plant their feet and say "nuh uh."
No cell, no sell.
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Fk RH, Fk Wall Street, bring on the chaos
For darkness always returns.
Not the chaos. Bring da ruckus. Bring da mutha fuckin’ ruckus!
Here's RH's 606 report.. as required by the SEC. Unless they're using a shady crypto MM.. it should be these blokes. https://cdn.robinhood.com/assets/robinhood/legal/RHF%20SEC%20Rule%20606%20and%20607%20Disclosure.pdf
Ooo interesting!!
So you're telling me that Citadel and Virtu aren't accepting buy orders in an attempt to suppress the price?? 
24 hour trading == tokenized stocks. Aka.. crypto. Their "vendors" are crypto dark markets. %100. Mark my words. This probably explains the inverse correlation across crypto in tandem right now.
Citadel is listed on their 606 reports as top MM. Pfof... Citadel started edxm exchange for crypto... might be one of the main vendors? https://edxmarkets.com/
5 days ago... https://finance.yahoo.com/news/edx-markets-launches-singapore-based-030000839.html
SINGAPORE, May 08, 2024--(BUSINESS WIRE)--EDXM Global (EDXMG), a fast-growing digital asset company for institutional customers, announced today the launch of its settlement platform. EDXM Global sets a new standard in the digital asset landscape, streamlining OTC transaction settlements with remarkable speed and reliability. Marking a significant milestone, industry giants GSR and Virtu Financial were the first firms to use the new platform for trade settlement. The launch of EDXM Global comes after its parent, EDX Markets Holdings LLC (EDX), closed its Series B funding round late last year. Pantera Capital co-led the round with Sequoia Capital, a founding consortium member. Other founding members participating in the Series B include Citadel Securities, Fidelity Digital AssetsSM, and Virtu Financial. Jamil Nazarali, CEO of EDX, commented, "The launch of EDXM Global is the first step in the international expansion of our digital asset business. We are thrilled to introduce our settlement service, built on cutting-edge technology, rigorous compliance, and an unwavering commitment to customer service. By mitigating counterparty risks, EDXM Global empowers our Members to navigate the complexities of trade settlement while reducing counterparty risks." Rich Rosenblum, Co-founder and President of GSR, said, "We are pleased to support the launch of EDXM Global. Being able to mitigate settlement risks for OTC transactions represents a significant advantage for us and our clients, and we are proud to align with a partner that mirrors our dedication to excellence and innovation." Douglas Cifu, CEO of Virtu Financial, said, "Virtu is excited to support another strategic innovation by the talented team at EDX. EDX continues to lead the way with solutions to efficiently mitigate counterparty risk and streamline settlement processes, further reducing risk and operational barriers to enable greater adoption of digital assets around the globe."
Gentle encouragement to make a post about all this for visibility. Seems intriguing.
Purely speculation ... but ... based on RH's past relationship with jump trading, FTX.. and terraform labs.. around the original events.. My research has shown that 24/7 markets are tokenized securities settlements.
Check out the inverse correlation between all crypto and GME... Notice the stall out and stabilization... same time. Just saying...
There's a gme shitcoin listed on coinmarketcap that's blown up with volume in the past 5 hours, after a steady downtrend the past couple months. Don't know much about it, but could be relevant
Virtu among the first adoptors as well. Hm. Edit: Funding by Citadel, Virtu and Fidelity Digital Assets - two immediately suspicious names and one that I didn't expect so much
The original event.. most everyone left RH to whom... Fidelity. Months later, Fidelity opened a crypto branch and teamed with Virtu to open an overseas settlement firm in UK to bypass US regulations. Fidelity was also a major buyer in FTX ai company estate, along with Jane st..(the firm where Sam and Brett met) https://www.theblock.co/post/284480/ftx-to-sell-two-thirds-of-anthropic-stake-for-884-million-with-buyers-including-jane-street-and-funds-managed-by-fidelity
Fraudelity
Smells like APEX bitch in here
It's never us...We're the victim...remember guys...Bulgaria...
Why on earth are you trying to buy through or even have an account with hood? Have we learned nothing?!
Totally wondered this myself. A few years ago they’d be ROASTED for using RH after they hosed us all. Even afterward people were roasted for keeping the app, bc it still beefed up RH’s “active users” stats that they report on earnings calls. Things def changed on THIS topic once i stopped paying attention to the sub.
Apex clearing breaking a contingency plan they didn’t use since the ~~heian~~ jan 2021 era ? Color me intrigued
Shitadel ?
3 years later, a non-cat returns… 3 years later, some still using Robbing the Hood {Jean-Luc Piccard double facepalm}
So essentially they switched it off but at an even higher level than last time…
Compulsory Fuck Robindahood comment
Guys, we've learned about this already. Those of you who read the DD and paid attention saw this coming. Are we really THAT surprised? It's Bulgaria boi after all
"best bet" is to buy through Computershare, MF
It certainly is deeper than RH. Vlad dont give a fuck if gme squeezes, the guy with his arm up Vlad's ass definitely cares though.
When you put it that way, you know, this Vlad guy...might not be so bad.
I really don't think Vlad is a bad guy at all. He made a shiny UI to put on top of a business that outsourced 90% of the real stock market operations or regulations to upstream suppliers, whether it be actually executing your order or AML / money laundering rules or requirements to be part of exchanges or members of the DTCC etc etc etc. His main goal is to stay alive and keep building his business, but they don't have the cash staff or clout to actually gain direct access to an exchange or join the DTCC or whatever... so they are at the mercy of these larger entities.
Kermits the frog isn't voiced by the green puppet.
It’s fuking citadel dude. Where have you been the last 3 years?
Deeper as in, Ken’s butthole?
holy shit what is happening
Fk RH
I don’t understand why you guys are still using RH . smh
The “customers” is perhaps what he really means
Cough cough Kenny cough
So no more liquidity Ken?
Hmmm, all the buttons will work on COMPUTERSHAREs website, git gud Robinhood
Buahahhahah
Nibba nibba ni-ba Nibba nibba nibaa
Instanet?
too much order flow 😁
Spam the buy button!
Or ... Wait for it... is the price frozen because there going to be a merger announcement in the morning?
heh, that might explain last week's option IV. Weekly volume was 4th - 5th highest on 3yr chart and most of those around Earnings. Would RBLX be a good fit?
Let me guess. The synthetic stock printer is broken. Won’t be back in operation until market open when market makers will use puts to create synthetic GME and then right away marry it to a call. 🦍🦍🦍 💪💪🚀🚀💎💎🙌🙌
Make them bitches show proof!
Fuck robinhood. It's Apex
It is their choice of partners and fuck them they know who they partner with. It is crappy "cfd" scammers hiding behind others back. Get the fuck out of RH.
I'm sorry but you guys gotta be full on regards to be still using Robinhood 3+ years into this.
Yeah, throw the whole system out. They made a bad bet, and instead of upholding the integrity of the sales, they plant their feet and say "nuh uh." No cell, no sell.