this new rule banning the NS APPEARS to me to require a new set of software for the online brokers....
i kept hearing the talkingheads and hedge managers on CNBC "act confused" about the difference between NS and regular shorting, and i beleive that's cuz it was all NS'ing UNTIL delivery...
you gotta figure that daytraders that short and cover multiple times a day won't be able to do that now, if they enforce this rule..
i for one won't mind waiting for a long order to fill if it means we don't get sold nekked shorts anymore..
we'll see how it works out...
the DTC may force the MM's to keep more inventory?
i expect the change will be gradual.. (if there really is one)
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.