Replies to post #139392 on NSAV Holding Inc (NSAV)

[PayDirt!]

That's the way I read it too. That was why I ask. Thanks

[Major Profits]

Okay, I'm certainly not the one to go to for good answers concerning much of this stuff nor about this, but I did try to figure it out. (Watched a few YouTube videos, Google Search, the rule itself, etc.) But you said :

The rule concerns non-OTC Options. Not shorting, as the rumors have mistakenly stated.

But doesn't the new rule concern ALL SLPs (Supplemental Liquidity Providers)?

https://www.investopedia.com/terms/s/supplemental-liquidity-provider.asp

What Is a Supplemental Liquidity Provider (SLP)?

Supplemental liquidity providers (SLPs) are one of three key market participants on the New York Stock Exchange (NYSE). Supplemental liquidity providers (SLPs) are market participants that use sophisticated high-speed computers and algorithms to create high volume on exchanges in order to add liquidity to the markets. As an incentive for providing liquidity, the exchange pays the SLP a rebate or fee.

file:///C:/Users/PCUSER~1/AppData/Local/Temp/SR-NSCC-2021-801-2.pdf

Pg. 11:

...must be funded within one hour of demand.

https://www.reddit.com/r/GME/comments/m793h7/new_dtcc_rule_just_passed_in_effect_immediatly/

V. So what happens now? Well, now that there is no rule stating when they have to report/confirm (previously once a month!), the DTCC can now ask them at any given time to report/confirm their positions. They are tying the rope around the snakes neck to keep them under control. This is nothing major, but wait for point VI. It already shows, DTCC is actually trying to stop these out of control Hedgefunds, because they are endangering other Institutions with their behaviour at the moment.

VI. Why this rule change is bigger than you think: This rule in addition to the (yet to be passed) SR-NSCC-2021-801, stating that the DTCC can liquidate their members positions at any time, just shows, the DTCC wants to keep everything under their control. So if they see Citadel doing illegal shit (remember, they can ask for a report on a daily basis now) and their new rule comes into effect, they would notice and could force Citadel to liquidate on close their positions. This is the most important thing about this rule!

I take it this new rule was in response to the recent GME debacle.

So, do correct me if I'm wrong but, again, I thought it had to do with more than just OPTIONS. Meaning, also, shorting, naked shorting, etc.

TIA