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Hard to tell what will happen - but if Market makers can't short then: what's offered the puts?? I think a good trade would be to buy some Conversions on hard to borrow names in Oct +. (short call/long put/long stock). I will do this at prices slightly above FV with the expectation that...

Part of the IBKR selling could be related to the short sale rule change. Market makers will no longer be exempt. This means liquidity in those options will dry up thus it will have a negative impact on volumes going forward.

Off the top of my head - I believe that I have seen some that settle in cash but those might be European....

I understand what you are saying. But keep in mind that option market makers in those same hard to borrow names will post markets - markets that take into account the fact that it may be difficult to hedge (i.e synthetics generally trade at cheaper levels relative to the stock to account for...

that is correct. Mr. Downey: I remember when you use to work for this particular Brokerage firm.... Here is some advice for you folks at OneChicago. You should list every one of these "hard to borrow" names on your Exchange. Not only should they be listed but a tight continuous market...

Exactly! More like catching the piano -

who?

Yes - I've been there. They will do the right thing - just be patient. Good Luck.

Yes - the same type of indicators are coming back. I heard not until November - but regardless it is yet another example of an exchange listening to investor demands. At times it does pay to voice your concerns......

One of the biggest moves in the markets ever yesterday and you expect margin rates to go down.... In some cases Portfolio Margin is higher than Reg-T (spec cases) - and Portfolio Margin is calculated using actual volatility..

virtually every buyer was a loser today. Not a good sign for tomorrow.

I just called Funds/Banking 5/10 minutes ago re a different issue (not withdrawing funds). Call them if no answers in the chat.

Not to create a panic - but I have noticed at least one large player in a plain vanilla type arb business (A pure ARB) is no longer in the marketplace. This is decent news for me as I've been able to make about 10 times what I normally do as margins are significantly higher. However, it has me...

Yes I know and I agree with you. This was a response to those who suggested that the NYSE was going the way of the NASDAQ.

these are vague indicators and the least reliable - they fall under rule 123D. The ITS rules were very strict - as the NYSE would put out about 1,000 on any giving morning. Rule 123D creates typically only about 10 daily.

BTW - the Nasdaq has all sorts of transparency prior to their opening - imbalance info and price indicators. So - I'm not sure what some of you are talking about....

You are correct. I've actually heard that many traders are avoiding the open for that reason - creating thin illiquid markets. I've also heard that NYSE management is considering doing something (possibly adjusting rule 123D to make it equivalent to the old ITS indicator rules). It is...

One last thing - just got off the phone with my NYSE contact and apparently the NYSE has gotten many calls about this. Keep in mind that the ITS indicators were part of the old set of ITS rules governing the marketplace. They were replaced with NMS. There simply isn't any corresponding...

you are right. I'm looking into it - but it doesn't look good. A few years ago I heard about a product that the NYSE was considering but it didn't seem to make it. Consider this: Rule 123D - simply has larger parameters for indicators (called Price Indicators) - CME example someone...

SOQ - is the best way to settle these contracts. Without it - and you would never get the liquidity you see in the futures markets as the arbs would not have a reliable method of getting out of their respective arb positions - they need to be able equate their stock trades to the futures...