Got it. great to learn from you! it is the net margin debt

NYSE Investor Credit

margin debt in the larger context that includes free cash accounts and credit balances in margin accounts. Essentially, he calculates the credit balance as the sum of free credit cash accounts and credit balances in margin accounts minus margin debt. T

The latest net credit balance is at -$476.978 billion, just above the all-time low from October 2021 of -$509.155.

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