it can all be computerized with firms tracking *trades*
however the system has to be changed first so that every co. has their shares issued serial no.s and every *share* is accounted for
meaning every share is tagged and id'd .. with both a serial no. and a bar code that can be scanned and tracked in an instant .. think of library books .. video rentals and pkgs or mail shipped thru the usps or fed ex
anyone at anytime can pull up the info on a specific co.s stock and know exactly (well within 24 hours) where all aspects of every share *stand*
that would eliminate forged stock certs .. NSS and all the other crooked crap that passes for normal in the US markets .. since the rise of those unregulated hedge funds and it would get MM's like *knight* off the hook for their *involvement* known or unknown
if the SEC *insists* on retaining MM's then *one company* shouldn't be allowed to have a monopoly because we can all see what has happened there over the past few years
and it would appear due to *settlement* issues that knight/nite needs to clean up their own *internals* so that what has come to pass with both ST and TDA and *specific* penny stocks/co.s doesn't come to pass .. again