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How does that not violate the 30 second SEC options rule I just quoted? I don't see how they can hide your order in a dark pool forever without clearly violating SEC rules.

The situation with options is a bit confusing. Check around page 288 and 497. It seems that some but not all rules apply. It sound like they are allowed 30 seconds to update the bid information from the time they receive it. "(3) Thirty second response. Each responsible broker or dealer...

Are you trading one or more round lots? (The following assumes yes. Which seems like a reasonable assumption since you're seeing the bid change on at least one broker in response to your order.) My personal opinion (my not be correct) as follows: As far as I can tell, you're getting screwed...

The problem is specifically due to government intervention. Why do you think a third tier school costs almost exactly as much as a top school? It's because the gov't will guarantee a loan up to price X, so everybody charges price X. If private funding was backing these loans without a gov't...

Thanks for taking the time to explain. I find that I can learn a lot about how the markets actually by following threads like this.

Sorry but: Hahahaha! You've gotta be kidding. Education only adds to the wealth of a country where people are being trained in something that is: a) actually useful b) a field of endeavour that they can and will actually participate in c) Is taught with necessary academic rigour d) provides...

No. I said stop investigating. Not stop reporting. Murder is often useful as a crime statistic because it is reported pretty much 100% of the time. Whether a given jurisdiction follows up and catches the guilty parties is much more variable.

Just to clarify... I don't mean that individuals have no responsibility for their actions, but the fact that we have a nationwide problem is 100% government action. If a city announced that it was going to stop investigating murders, the murder rate can be expected to spike upwards...

This is 100% on government. There are two key factors: 1 federal student loan guarantees 2 inability to discharge student loans in bankruptcy Without those two factors, this problem wouldn't exist. Imagine trying to get a loan for a C student with no assets to get a degree in rural...

How does that possibly explain an order not showing up for a week? Isn't the settlement period for options the next day? You're saying they'll hold an order forever with no visible indication to the customer, while actually showing it to the customer as an open order. How is that not fraud...

It seems like an issue of more than just not displaying since it didn't fill either. I would also be intered to hear you elaborate on how the order might not show on the NBBO based on what exchange it goes to. The seems to run directly contrary to the definition of the term...

1) Defaults would still be a problem. Particularly government bonds. Even if the value of Bitcoin was rock solid stable against a basket of goods, the bonds issued by the country would still be discounted by the default risk. And I would argue that default risk goes up because they can't print...

But why would Turkey do so? What problem does it solve for them? Or to be more clear, how are they going to pay for all that Bitcoin? Think it through... You currency is crashing. This is making all the foreign imports that you want unaffordable and making it difficult to borrow. So you are...

That book is obviously BS. I've read it. Whenever something weird/unethical happens it so happens that it's two people in a room. Read the part where he talks about his "training". Plus there's the whole "In this particular case foreign investment worked out well for county X, but that's...

Cash. Maybe commodities if you know the specific market enough to be sure you're not buying copper in a warehouse that has been sold 5x over.

Not true. Citadel made a deal wild Melvin Captial which caused them to have exposure. This is a simple fact: https://www.nytimes.com/2021/08/21/business/citadel-melvin-gamestop.html I suspect that Citdel was already exposed in the event of a Melvin bankruptcy and decided that they may as well...

This document describes what order types are used at the opening on ARCA https://www.nyse.com/publicdocs/nyse/markets/nyse-arca/NYSE_Arca_Order_Suite.xlsx Look at "Auction-only Order Types"

I think it could coexist, but cross settlement could be tricky. To create the new exchange, you'd want to create your own version of DTCC. (Or at least I would.) You'd want a new system that can settle for real every 5 minutes. That would have been hard 40 years ago. It seems well within the...

That's sort of like saying a sealed bid auction doesn't create price discovery. Yes there's a delay, but a market price is still discovered. The market price would be more of a real market price because it would be a price for those who are actually willing to take ownership for more than a...

I look at this a different way... Why isn't your local bank's office open at 2AM on Sat? Because it's run by people who are rather well off and they know that you'll still be willing to file that paperwork to borrow money from them during normal business hours. Personally, I have no problem...