SBNY and SIBV Put Option Degeneracy from Brokers

More Options Degeneracy, but this time, it’s not from the Retail Crowd. It’s from the Brokers being retardedly degenerate. Here’s a Forbes article; Some Users are reporting that they can’t take gains on their put options that they bought on SBNY (Signature Bank) and SIVB (Silicon Valley Bank) before the banking collapse. Maybe it’s another… Read More SBNY and SIBV Put Option Degeneracy from Brokers

Brokers have questionable share registration

There was a reddit user “Free_Stick_” who opened a Financial Regulatory case against the brokerage eToro asking to prove share ownership and registration. Other users also had asked similar questions. This resulted in a case with the Australian Financial Complaints Authority, It’s also fair to note that this is a third party organization. So that… Read More Brokers have questionable share registration

PFOF is disadvantageous to retail resulting in worse execution, the SEC finds in their Proposal

A proposed Rule by the SEC has some interesting things to say about PFOF; The SEC makes various claims on how PFOF can lead to worse execution; Here’s another; Study finds; PFOF receive worse execution quality than non-PFOF AND, PFOF results in worse execution quality for both Equities and Options based on the SEC citing… Read More PFOF is disadvantageous to retail resulting in worse execution, the SEC finds in their Proposal

Market Privileges for the purposes of Liquidity is Market Manipulation

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

A look at Naked Credit Default Swaps, more Wall Street Degeneracy

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