Everything that seems one way is actually the opposite.
“And not only is T+2 not the issue that caused this situation but it is what actually saved Robinhood in its time of acute stress.”
I don’t disagree that “T+2...actually saved Robinhood...” but you haven’t provided clear evidence in this article as to how this is the case.
Robinhood is called by DTCC to post collateral and restricts trading in certain stocks to alleviate an imbalance in its book. This opportunity exists because settlement is not instant, thought instant settlement is what Robinhood argues would fix the situation. https://fortune.com/2021/02/02/robinhood-gamestop-restricted-trading-meme-stocks-gme-amc-vlad-tenev-nscc/
“And not only is T+2 not the issue that caused this situation but it is what actually saved Robinhood in its time of acute stress.”
I don’t disagree that “T+2...actually saved Robinhood...” but you haven’t provided clear evidence in this article as to how this is the case.
Robinhood is called by DTCC to post collateral and restricts trading in certain stocks to alleviate an imbalance in its book. This opportunity exists because settlement is not instant, thought instant settlement is what Robinhood argues would fix the situation. https://fortune.com/2021/02/02/robinhood-gamestop-restricted-trading-meme-stocks-gme-amc-vlad-tenev-nscc/