What does that have to do with America? I can only ascertain that the only revolutionary ideas are coming out of America: from MIcrosoft, NVDIA, Apple (to a lesser extent).
PFOF is awesome.
It keeps your commissions down and you are put into a bucket of dumb traders. If you are a reasonably smart trader this provides liquidity to you that you wouldn’t have.
Trading against people who think you are smart, when you are actually smart, is really hard.
Lawfare right?
Weaponization of the DOJ by republicans right?
Travesty of justice, right?
All those who support this trial better watch out in January. Joe's going to have them all arrested, right?
maybe Morgan Stanley is facilitating it as they could allow him to move the shares between internal accounts, but that would be super shady and probably get them fined by Finra.
impossible unless he has another account with a private bank. And then he has netting issues at expiry. He will be margin called in Etrade and be short shares with the private bank.
and those footprints would be in the market because the counterparty will hedge in the listed.
There’s more to it to.
Etrade has a hard limit that you can only enter 1000 contracts at a time. You can get an exception but it’s hard to do. You was only able to get it when they were independent; now those exceptions are much harder and I can’t imagine MS would offer for a guy to buy GME...
citadel and virtu made a killing on GME.
In 2021, the settlement the risk got crazy which isn’t an issue this time.
I think Etrade wants to boot the guy because he’s 1. A concentration risk since he doesn’t have the cash for his options 2. He’s adding unnecessary attention to Etrade (which is...