definitely more questions than answers. after reading through i think its only up to june 10th when the automated notification took place. i think alot of people jumped the gun here hoping this was it. i dont see a whole lot happening the week of august 15-19th. newton needs to be proactive and get this chill lifted. time for him to actually act now.
DTC has been working proactively with the industry to increase awareness of our global lock process, to eliminate these difficulties in future. DTC also enhanced its procedures to expedite the release of any Important Notice reflecting a global lock, so firms can promptly halt trading in affected securities. Additionally, DTC implemented on June 10, 2011 a global lock reason [code] on its security master file and related outputs (ELIS and DWIZ files - see important notice B-0811-11 dated May 24, 2011 - http://www.dtcc.com/downloads/legal/imp_notices/2011/dtc/ope/0811-11.pdf) to allow Participants to receive an automated notification in the event a global lock occurs. This enhancement provides Participants the ability to update their systems to automatically block future trading of affected securities, as well as alerting Compliance areas of the Participants so that they may investigate activity related to these securities. Despite these improvements, Participants and DTC have a legacy issue of accumulated trade fails that occurred prior to these enhancements.