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Re: flaflyersfan post# 47277

Sunday, 07/23/2017 5:32:51 AM

Sunday, July 23, 2017 5:32:51 AM

Post# of 49370
flaflyersfan

No the SEC explains in great detail what those fail to deliver numbers mean.


"Fails to deliver on a given day are a cumulative number of all fails outstanding until that day, plus new fails that occur that day, less fails that settle that day. The figure is not a daily amount of fails, but a combined figure that includes both new fails on the reporting day as well as existing fails. In other words, these numbers reflect aggregate fails as of a specific point in time, and may have little or no relationship to yesterday's aggregate fails. Thus, it is important to note that the age of fails cannot be determined by looking at these numbers."
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