info on Short #s post by AXE " this informa
Post# of 197
Posted On: 05/12/2016 8:42:41 PM
info on Short #s
post by AXE
" this information is from FINRA REG SHO website
this does include the REG SHO - yes
http://regsho.finra.org/regsho-Index.html
here is some additional things to understand when reading this information, READ EVERY WORD CAREFULLY - I AM PUTTING the last section FIRST - so you can see how these SHARES ARE SHORTED !!!!!
IN MY OPINION - A SHORT SQUEEZE IS BREWING
1.3 What it is and is not
It is highly contested whether or not the daily RegSHO reports that a security has been "shorted", as having a short position, or if it is just a type of reporting requirement for market making activities. It is both. Transactions that have shares marked as "short" can very well be an investor selling a short position or a market maker allocating shares in order to provide liquidity but not in their possession.
Regulation SHO requires brokers and dealers that are participants of a registered clearing agency to take action to "close-out" failure-to-deliver positions ("open fails"
in threshold securities that have persisted for 13 consecutive settlement days. Closing out requires the broker or dealer to purchase securities of like kind and quantity.
1. What is REGSHO
Regulation SHO was introduced in the Securities Exchange Act Release No. 50103 and became effective as of on September 7, 2004 but did not become mandatory until January 3, 2005. REGSHO was adopted to provide market transparency, regulation, and specifically prevention of "Naked Short Selling". REGSHO has two specific parts, Rule 200 and Rule 203.
Rule 200 - Definitions and Marking Requirements.
This rule provides a few technical requirements for market makers and broker-dealers but has a major requirement concerning the marking of shares sold. It specifies shares sold during trading to be identified and marked as being sold "long," "short," or "short exempt."
Rule 203 - Locate and Delivery Requirements.
This rule clearly defines that broker-dealers, before making short sales in any equity securities, must locate the securities available first, before borrowing. This is in order to be able to deliver the securities on the settlement date. The second part of this rule imposes requirements on broker-dealers which have had substantial amounts of failures to deliver for securities.
1.2 Understanding the Daily REGSHO report
At the end of each trading day, a RegSHO report is submitted to FINRA by each of its Trade Reporting Facilities (TRF). A TRF, according to FINRA, "provides FINRA members with a mechanism for the reporting of transactions effected otherwise than on an exchange." More information about them can be found here. FINRA Trade Reporting Facility
Simply put, a TRF is a way to report security transactions that happen on registered national exchanges, quotation systems, or other platforms. Currently there are 3 RegSHO reports generated for the NASDAQ, NYSE, and OTC Markets and Others.
Each report lists the total amount of volume of shares traded for each identification marker, "short", "short exempt", and "long" per security. "
post by AXE
" this information is from FINRA REG SHO website
this does include the REG SHO - yes
http://regsho.finra.org/regsho-Index.html
here is some additional things to understand when reading this information, READ EVERY WORD CAREFULLY - I AM PUTTING the last section FIRST - so you can see how these SHARES ARE SHORTED !!!!!
IN MY OPINION - A SHORT SQUEEZE IS BREWING
1.3 What it is and is not
It is highly contested whether or not the daily RegSHO reports that a security has been "shorted", as having a short position, or if it is just a type of reporting requirement for market making activities. It is both. Transactions that have shares marked as "short" can very well be an investor selling a short position or a market maker allocating shares in order to provide liquidity but not in their possession.
Regulation SHO requires brokers and dealers that are participants of a registered clearing agency to take action to "close-out" failure-to-deliver positions ("open fails"
in threshold securities that have persisted for 13 consecutive settlement days. Closing out requires the broker or dealer to purchase securities of like kind and quantity. 1. What is REGSHO
Regulation SHO was introduced in the Securities Exchange Act Release No. 50103 and became effective as of on September 7, 2004 but did not become mandatory until January 3, 2005. REGSHO was adopted to provide market transparency, regulation, and specifically prevention of "Naked Short Selling". REGSHO has two specific parts, Rule 200 and Rule 203.
Rule 200 - Definitions and Marking Requirements.
This rule provides a few technical requirements for market makers and broker-dealers but has a major requirement concerning the marking of shares sold. It specifies shares sold during trading to be identified and marked as being sold "long," "short," or "short exempt."
Rule 203 - Locate and Delivery Requirements.
This rule clearly defines that broker-dealers, before making short sales in any equity securities, must locate the securities available first, before borrowing. This is in order to be able to deliver the securities on the settlement date. The second part of this rule imposes requirements on broker-dealers which have had substantial amounts of failures to deliver for securities.
1.2 Understanding the Daily REGSHO report
At the end of each trading day, a RegSHO report is submitted to FINRA by each of its Trade Reporting Facilities (TRF). A TRF, according to FINRA, "provides FINRA members with a mechanism for the reporting of transactions effected otherwise than on an exchange." More information about them can be found here. FINRA Trade Reporting Facility
Simply put, a TRF is a way to report security transactions that happen on registered national exchanges, quotation systems, or other platforms. Currently there are 3 RegSHO reports generated for the NASDAQ, NYSE, and OTC Markets and Others.
Each report lists the total amount of volume of shares traded for each identification marker, "short", "short exempt", and "long" per security. "
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