The Reddit-fueled frenzy behind GameStop’s (GME) surge last week — burning hedge fund short sellers and forcing Robinhood to curb activity in a clutch of hot stocks — illustrates a “plumbing issue” that exists in trading markets, according to one trader. The frenetic retail trading that took place over the last several weeks, roiling global markets in the process, creates a flood that blows away traditional risk management, veteran trader Peter Borish told Yahoo Finance. “I think… Source link
Read More »Trader: Robinhood, Reddit/GameStop drama suggests Wall Street has a 'plumbing issue' – Yahoo Finance
