As a programmer, a major source of frustration for me regarding many facets of our market relates to the fundamental lack of speed and automation endemic to our financial reporting pipelines. In a system which promotes and rewards algorithmic and high-frequency-trading, any position which would be reported and analyzed as a document and by a human would (and very likely is!) obsolete, potentially
Rule 1. All short sale shall be reported to finra by end of each settlement day. Rule 2. Finra shall make public report the day to day short sale by end of settlement day or the trading week. Rule 3. All unused loaned shares shall be reported to finra by end of settlement day. Rule 4. Finra shall make public the outstanding unused loaned share by end of settlement day of a trading week. Rule 5.
We can start with better transparency. The simple fact is that there are systemic issues with the creation of shares to borrow based on future volumes, failures to deliver, and shorting in general. While appreciated, and needed, the solutions to these do not lie in the resolution of transparency alone. Removing the capability to generate future transactions to borrow from, use for offsetting
Please do Not limit me or my financial investment adviser by limiting the use of leveraged products. Granted these are aggressive products, but everything about stock buying or stock shorting, is aggressive. These products are simply tools to be used at the appropriate time. For example, during big market corrections in the past they give you a chance to recover more quickly from a 20% plus
Leveraged/Inverse Products ... like other investment products, leveraged and inverse funds or ETFs have a useful purpose for those who have some understanding of the terms "leveraged" and "inverse"...
All a person has to do to understand what "leveraged" or "inverse" means is some MINIMAL research on their broker's
As a former Registered Representative with PaineWebber and traded successfully Inverse Commodity and Equity ETN's, one as ticker tape reader and using regression programs for trend analysis, I appreciate the opportunity within my IRA to protect the account value of cash long and short. The issue of Future contracts, Currency Swaps, and Repurchase Agreements are internal to the ETNs,
Regulation, in almost every instance of its implementation has never been what it has been sold as. It is almost never to protect investors and almost always serve the self interest of those regulating it like a Trading platform removing a buy button from specific stocks.
There are thousands of sources of information for investors to research and understand these complex inverse ETFS. The only
FINRA 21-19 is a long overdue; the US has systemic risk developed under the regulatory authority of FINRA's outdated SI reporting policy. While many of the policies mentioned in Regulatory Notice 21-19 address exploitable and ineffective reporting, they also leave gaps/loopholes that could compromise its purpose. The stability of the US markets and the confidence of its global investing
FINRA 21-19 is long overdue. The US markets are not trusted given the massive class of billionaires that make the markets and conduct back-end deals to manipulate the markets along with hedgefunds. Given these players have ultimate transparency on retail investors using payment for order flow (PFOF), it's only fair that retail investors can see the daily (or per transaction) movements of
The guidance provided in this FAQ pertains to the reporting of over-the-counter (OTC) transactions in equity securities to a FINRA Facility (a Trade Reporting Facility (TRF), the Alternative Display Facility (ADF) or the OTC Reporting Facility (ORF)).
