Retail Brokerages Suffer Widespread Outages As Short-Squeeze Surge Accelerates

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by Tyler Durden
Wednesday, Jan 27, 2021 - 09:47 AM

Update (1131 ET): Bloomberg reports the Ameritrade disruption could be due to "unprecedented volumes" of users attempting to access "its mobile app." 

... and why would retail be rushing to mobile trading apps? 

Well, to trade Gamespot, of course. 

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Update (1010 ET): Add Vanguard, TD Bank, Interactive Brokers, Webull, and Merill to the list of retail brokerages experiencing outages or problems this morning. 

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Following massive short squeezes of beaten-down stocks, such as GameStop and AMC Theatres by retail traders, multiple brokerage houses are down or experiencing problems on Wednesday morning. 

This morning's market action is extending that chaos. As the short-squeeze accelerates...

...Hedge funds are being forced to liquidate their longs...

Downdetector reports Robinhood, Ameritrade, E-Trade, Charles Schwab, Fidelity are experiencing issues or outages as the US cash session began around 0930 ET. 

Robinhood users experiencing problems or outages of the trading app are primarily based in Mid-Atlantic and Northeast states. 

Ameritrade users in Mid-Atlantic and Northeast states face problems and issues with the trading platform. 

E-Trade users experiencing issues with the trading platform are more widespread. 

Twitter is full of angry Robinhood users who can't access the trading app.