Does RH wait to confirm an order until they find a counterparty or does their system just accept it and then find someone to clear it with after the fact? If it's the latter, and they find themselves in a situation of extreme volatility/zero liquidity, they could end up holding the bag.
Does RH wait to confirm an order until they find a counterparty or does their system just accept it and then find someone to clear it with after the fact? If it's the latter, and they find themselves in a situation of extreme volatility/zero liquidity, they could end up holding the bag.