Any data that is communicated publicly should be communicated in the most efficient manner possible. In a industry where data is considered to be so valuable that firms were willing to spend millions of dollars to have their fiber optic cable runs as close as physically possible to the exchanges so they could get a timing advantage, the short interest report being collected only a twice a month and distributed up to 12 days later is like finding out the asteroid hit 12 days later. There is a clear advantage of having this information as there are millions of dollars being made by services that will get you kinda close to accurate data, but it’s not even. If there is any question as to IF data should be publicly provided as close to real time as possible, then ask yourself this, why is the data even made public? Why report it at all? The answer is, because it has value, and not doing so would restrict that information to private circles who could then manipulate the market. A delay in publishing this data is no different. Technology isn’t a barrier to this. Long and short trades can be reported in real time as the trades are being made, the only barrier is the wall that separates the public market from the real market behind the scenes.
Lorenzo Comment On Regulatory Notice 21-19
Any data that is communicated publicly should be communicated in the most efficient manner possible. In a industry where data is considered to be so valuable that firms were willing to spend millions of dollars to have their fiber optic cable runs as close as physically possible to the exchanges so they could get a timing advantage, the short interest report being collected only a twice a month and distributed up to 12 days later is like finding out the asteroid hit 12 days later. There is a clear advantage of having this information as there are millions of dollars being made by services that will get you kinda close to accurate data, but it’s not even. If there is any question as to IF data should be publicly provided as close to real time as possible, then ask yourself this, why is the data even made public? Why report it at all? The answer is, because it has value, and not doing so would restrict that information to private circles who could then manipulate the market. A delay in publishing this data is no different. Technology isn’t a barrier to this. Long and short trades can be reported in real time as the trades are being made, the only barrier is the wall that separates the public market from the real market behind the scenes.