I would like clarification on a timeline for these changes to be implemented. How realistic is this change and how far along is it? In addition, do you have any information on what the history would look like and if any historical data will be freely available to us or is it going to be only on a go-forward basis?
TRACE Volume Reports are produced on a monthly basis for TRACE participants to review TRACE activity for the past month by sub-product. FINRA will implement changes to these reports on Monday, July 26, 2021 that will include the addition of ATS, Interdealer and Customer categories and modify how volumes are computed. Specifically, volumes will be computed similarly to the Weekly
The real question is: why were these not already in place?! Yes. To all these items. I’m addition, any darkpool sale needs to have a reason submitted to FINRA for approval before a DP can be used for a sale. The darkpool was created so that massive institutional buy/sell orders did not damage the market. Now it’s simply used to hide transactions from the market. This must stop. Regulate to ensure
Increased visibility into market activity. Retail investors cannot be kept at a disadvantage to institutional investors. It's not a fair market if we aren't playing the same game, with the same tools and the same information. Dark pool trading needs to be limited to specific use-cases if not removed entirely. No high-frequency trading. Short positions should be disclosed and those
As a retail investor, I believe that there should definitely be reporting on short interest positions. Please make this happen!
Reporting transparency in a timely manner for ALL to see is what should be. Big money has ALL of the advantages. There is nothing fair or free about this market as it currently exists.
As a small retail investor it is obvious that shorting has become a way to rig the game against the retail investor and against companies vying for survival. This practice of shorting and the illegal practice of naked short selling makes our financial system look like a stool with three legs…. Not very stable. If we don’t fix the glaring problems in this system where the scale is so clearly
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.
