T+0 would enable the Robinhoods of the world. Are the big players and the regulators they've captured and the legislators they've paid for interested in enabling Robinhood et al. after the events of last week?
You think T+2 is a form of regulatory capture? Any type of regulation that makes it easier for retail to lose their money would be welcomed.
When things were delivered by horse, it was T+14, we are now down to T+2 for stocks and bonds (mostly anything related to private industry), T+1 for options and government stuff, and T+0 for futures. Everything is pointing at eventually everything being T+0.
I'll repeat, Robinhoods are welcome, especially if they do dumb things like this GME debacle. I expect the big players to lobby for relaxed margin requirements so that they can let retail lose their shirts like the 1930's while they profit by taking the smarter side of trades and insulate themselves by letting the Robinhoods fail in case of market failures.
T+0 would enable the Robinhoods of the world. Are the big players and the regulators they've captured and the legislators they've paid for interested in enabling Robinhood et al. after the events of last week?
DOA.