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Big Read: Investors ride the 'everything rally'

By Robin Wigglesworth
Financial Times·
11 mins to read

The markets have become too hot to handle. So intense is the frenzied stock-buying that even many of Wall Street's biggest brokerages and wealth managers are struggling to keep up.

Almost every major US brokerage firm — from old stalwarts like Charles Schwab and Merrill Lynch to new platforms such as Robinhood — suffered at least one outage in November, according to Downdetector, a website that tracks online service problems, as a torrent of trading overwhelmed their websites.

Thomas Peterffy,

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