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Re: jakec21 post# 84134

Wednesday, 03/17/2021 5:00:49 PM

Wednesday, March 17, 2021 5:00:49 PM

Post# of 122452
False. New rule's about Non-OTC OPTIONS, not shorts.

..New rule says short sellers ...



Let’s review what it actually says:


The advance notice of National Securities Clearing Corporation (“NSCC”) is annexed hereto as Exhibit 5 and consists of modifications to Rule 4(A) (Supplemental Liquidity Deposits) of the NSCC’s Rules & Procedures (“Rules”) to (1) calculate and collect, when applicable, supplemental liquidity deposits to NSCC’s Clearing Fund (“Supplemental Liquidity Deposits,” or “SLD”) on a daily basis, rather than only in advance of the monthly expiration of stock options (defined in Rule 4(A) as “Options Expiration Activity Period”); (2) establish an intraday SLD obligation that would apply in advance of Options Expiration Activity Periods and may also be applied on other days, as needed; (3) implement an alternative pro rata calculation of Members’ SLD obligations that may apply in certain circumstances; and (4) simplify and improve the transparency of the description of the calculation, collection and treatment of SLD in Rule 4(A) of the Rules, as described in greater detail below.


"It is easier to fool someone, than to convince them they have been fooled."

For those that don't get it, it means that people need to be more careful, and do good due diligence...

Volume:
Day Range:
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Last Trade Time:
Total Trades:
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  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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