TD Ameritrade (AMTD) – Take a report and Robinhood Markets said Monday they had resolved various operational issues on the day the stock split for Apple (AAPL) – Receive a report and Tesla (TSLA) – Take a report became effective.
Downdetector had listed more than 2,900 problems for Robinhui markets and more than 7,000 for TD Ameritrade earlier Monday.
“We apologize for the problems with the entry and latency of our website. These problems have been corrected,” TD Ameritrade said on Twitter.
Twitter posts show technical problems with Charles Schwab (SCHW) ̵
“It sounds like the big boys are making their moves first and everyone else has to wait. Lol,” tweeted one commenter.
Many customers experience high levels of slowness in the TD Ameritrade web platforms and the TD Ameritrade mobile application. We are working to solve the problem as soon as possible, “TD Ameritrade said on Twitter.
Joe Saluzzi, a partner and co-head of stock trading at Themis Trading, told MarketWatch that he had seen a wave of shares of Tesla and Apple changing hands and wondered if this could cause some problems with various online systems. trade.
“It’s a huge volume. You can’t even blink and they pass,” he said.
MarketWatch said a Twitter handle related to PJ Matlock, CEO of Atlas Trading in New Jersey, said Vanguard and Charles Schwab also had problems on Monday.
Robinhood was investigated by the Securities and Exchange Commission and the Financial Industry Regulatory Authority to deal with the break in March, according to Bloomberg.
Robinhood did not respond immediately to a request for comment
Shares of Apple and Tesla rose on Monday as the respective divisions of the two titans became effective.
Apple, which last month became the first company to achieve a market capitalization of $ 2 trillion, said in the third quarter of its profit that the split aims to make its shares more accessible to more investors.
The shares, which were split, have historically outperformed the post-distribution market, as investors see the moves as a signal of confidence in the company’s long-term growth prospects.
Tesla shares have gained more than 50% since electric vehicle company Palo Alto, California, unveiled plans to split on August 11th.
Tesla is moving to a likely inclusion in the S&P 500 stock index this fall.
Credit Suisse analysts suggest that the inclusion of the S&P 500 could trigger even more activity in Tesla shares, with a “significant” gradual purchase of about 18 million shares – about 10% of total liabilities – from passive investors and managers. of funds that track the reference index.