Future Finance
Robinhood Trading Site Seizes Up, Customers Miss Stock Rally
- Clients were unable to make brokerage trades for entire day
- Company says it has identified the issue and is working on fix
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Online brokerage platform Robinhood suffered an outage that lasted the entire U.S. trading day and prevented customers from making trades as stocks surged after last week’s rout.
The system-wide issue began as the markets opened with clients unable to access their accounts. Almost two hours later, Robinhood Markets Inc. said the problem had been identified and its staff was working on a fix. By 4 p.m. in New York, access had not been restored.