Robinhood Markets Inc. CEO and co-founder, Vladimir Tenev says that the US financial markets needs to adapt a real-time settlement system. The current system of T+2 allows 2 days for settlement, and ‘exposes investors and the industry to unnecessary risk and is ripe for change’.
Robinhood has been at the center of the recent Reddit / Gamestop Short squeeze that saw Wall Street hedge funds cry foul.
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