This is a valid opinion, Market Makers have privileges to be naked and uncovered for taking the trades on eithers side of an order. They can then use their own cost analysis and risk management formulas to hedge or remain ‘delta neutral’. Market Makers get the keys to the castle to provide liquidity by executing… Read More Market Privileges for the purposes of Liquidity is Market Manipulation
So apparently, we have Naked Credit Default Swaps. The simple story is that it’s an insurance bet between two parties that pays the difference. It’s supposed to be used as insurance or a hedge. Supposed to. But things get a little bit interesting. -here’s the idea, they’re naked. So we have literally degenerate layers and… Read More A look at Naked Credit Default Swaps, more Wall Street Degeneracy
The argument is that; PFOF is supposed to be good for retail investors and not a means for front running your trades. But, as any dream invested in children, the child usually grows up to be a disappointment. Atleast, in a cynical sense. This incredible man named Bernard Madoff re-invented many schemes, one of which is… Read More PFOF, a problem child
As it turns out, Brokers might say “they’re not lending your shares.” and then they may proceed to lend shares that may or may not be yours. Which, depending on how your shares are accounted for, your shares might be in some Omni-bus arrangement of shares. So it’s not technically yours being lent. Perhaps your… Read More Are Brokers lending your shares without informing you?
IBKR for you folks like me who forget what/who they are, are a brokerage firm that allows people to trade stonks outside the US. IBKR is short for Interactive Brokers Group, Inc. Anyways, I wanted to do an analysis of what the IBKR Founder and Chairmen said (Thomas Peterffy on CNBC on the 28th), Feb… Read More Transcript of four interviews with IBKR during Can’t Stop, Won’t Stop, Game Stop
Alright, come with me to Pretend-land and put on some pretenses for your amusement. Let’s say your some retail trader and you’ve got an account with the popular mobile game Robinhood or Etrade or something in the genre of ‘stock markets’ and ‘online gambling’ or ‘degenercy adjacent to pornography’. Point is, if you actually read… Read More ‘Beneficial Ownership’ and Brokers are not your friends. Chances are, they never had your back nor your shares.
As the title suggests, I really don’t know anything. And because I don’t know anything, what I’m going to say is only truths or subjective personal truths, making this accurate Gone-zo journalism. You’re welcome. Socrates would be proud, because I really know that I don’t know. You know? So, what is a Backstop? In Finance,… Read More Are Pension Funds Sacrificed to Backstop the US Dollar? I ask AI because I have no idea what I’m talking about.
This is a very long article, I apologize, I don’t like long articles either. Hell, I wrote the damn thing. – And it’s sadly really really long based on many moons of research. This is of course an opinion backed by what little evidence that I can scour to paint an opinion editorial piece to… Read More Comprehensively Extensively Long look at the Naked Short Selling Phantom Menace of the Markets
Yea, you want a good society. Then you think that people will have to pay for that society and all those nice things, that people will have to do it and that people won’t do it for free. Sounds reasonable enough. Then you think Taxes will pay for that society. So the whole of society… Read More Taxes are antithetical to Socialism
Someone on the Twitterverse brought up very good questions about the nature of our Markets. If you don’t know, there’s a company that holds onto the direct ownership of almost all of the shares that get traded around between many market participants as a sort of nominated Custodian by the Depository Trust Company. This company… Read More A critique on Stock Market Settlement