Posted On: 04/16/2016 6:44:39 PM
Post# of 96897
Yah BABY!!!! Spank those shorts!!!! This is the part I like!
West: So this would be a useful tool to combat, for example, naked short selling?
David Wenger: Oh, for sure.
James West: Okay. And is naked short selling a major problem in North American markets?
David Wenger: I would argue that it is, and probably more so today than at any point in history. As you know, trades are processed today, trades are going off, they’re processed by computers and trades are going off in gigaseconds. What’s a gigasecond? While the stock borrow process is still very much a people-driven, largely manual process.
http://www.financialpost.com/m/wp/blog.html?b...rt-sellers
JAX
West: So this would be a useful tool to combat, for example, naked short selling?
David Wenger: Oh, for sure.
James West: Okay. And is naked short selling a major problem in North American markets?
David Wenger: I would argue that it is, and probably more so today than at any point in history. As you know, trades are processed today, trades are going off, they’re processed by computers and trades are going off in gigaseconds. What’s a gigasecond? While the stock borrow process is still very much a people-driven, largely manual process.
http://www.financialpost.com/m/wp/blog.html?b...rt-sellers
JAX
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