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ohhhh they have a crazy permission requirement for transfer of the preferred, which must be why there's no public market for it. 11. Transfer. (a) Subject to the restrictions set forth in this Section 11 and under applicable Law, shares of Series A Preferred Stock shall be freely transferable...

Yes I am aware of the registration docs. 650k out of those 1.5M shares are outstanding, but I can't find a price quote anywhere.

IBKR has *almost* everything. But I can't find a quote for the Gray Television series A perpetual preferred cumulative stock (not to be confused with the series A common stock). Where can I get a quote for that? GPT4 laughably suggested yahoo finance, morningstar, and finviz, but none of...

it should help avoid a repeat of the time RH had to disable trading on meme stocks because they didn't have enough collateral to post with the DTCC while waiting for the T+2 trades to clear. Also I don't understand why there's a rule that they can't just use the customer's funds as collateral...

or alternatively, is there some marketplace where I can go and offer to lend out shares of AAPL at a negative interest rate which would be more than covered by the interest on the cash collateral? Structuring the stock lending market to have a zero lower bound on rates would be kind of dumb.

The stock-lender gets to collect interest on the cash collateral, in addition to the interest you pay them to borrow their stock. So in a high RFR environment like this the equilibrium rate to borrow boring stocks like AAPL ought to be negative. But on IBKR it never goes below 0.25% for...

If price time series are the only input to your mental model you are going to get destroyed by robots like it's a Terminator movie.

I am concerned that IBKR's excess SIPC insurance with Lloyds only covers 150M aggregate, but they have 128B of user funds as of their last annual report. I have way more than 250k of cash on there due to short sales. What % of user funds of a retail broker typically falls under the SIPC...

any 30y treasury that was issued with a coupon of 1.8% a couple years ago is worth 66% of par now but can be used as collateral for its par value in the fed's repo facility. No idea what interest rate the fed is charging on that so it might not be a windfall for the banks.

1 month t-bill rate got 80bps below the fed funds rate, not because of expectation of a sudden huge drop in rates, but because there wasn't enough supply of t-bills for the market to clear at a higher yield. The fed's QT powers should be extended to issuing bills. Otherwise they're just giving...

N/T

step 1: own 99% of the float of some scammy spac step 2: hire stock promoters and/or wash trade with yourself to pump it up to absurd prices while lending out your shares for 1000% APR step 3: force all the shorts to buy in at your arbitrarily large asks by recalling your shares SATX in a...

I hate it on IBKR when I get forced to cover a short due to my locate being arbitrarily recalled intraday. This happened on SATX recently. I want to be able to borrow stocks for definite terms of at least several days.

Kaisa bankruptcy trial is still ongoing without any news coverage of the details.

I assume anything as simple as legible as TA has already been arbed out by robots

ok, they were just really hard to find in the search box. Got to enter the magic query exactly.

how do you get permissions to trade CME forex futures on IBKR?

On IBKR TWS is there any way to view the order book for box spreads over all strike combos on a particular date?

I'm just proposing the OCC create some Schelling point to aggregate all the people who want to trade box spreads into a more liquid market. I don't care whether what is being traded is still technically a European box spread. Presently the action is spread across too many different strikes...

"How would they handle the counterparty risk and collateral?" The same way they do it when you use box spreads.