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Jan 30, 2021 at 18:00 history tweeted twitter.com/StackQuant/status/1355576517598867462
Jan 30, 2021 at 6:37 vote accept usul
Jan 30, 2021 at 6:37 answer added usul timeline score: 2
Jan 28, 2021 at 10:38 comment added nbbo2 There are definitely things that could be done to improve the settlement process and bring it to 21st century standards. But it is a slow process and depends on many people's desire and willingness to change. Inertia is a factor; regulators can push for change.
Jan 28, 2021 at 4:26 comment added usul Thanks for this info. I have trouble understanding (since I don't have practical experience) how this can happen with any frequency in an age of seemingly-instant electronic trading.
Jan 28, 2021 at 0:05 comment added nbbo2 FTD (failure to deliver) is not uncommon. It is difficult to distinguish between "sorry, your shares have not been delivered because of a paperwork screw up in our back office, we will try again tomorrow" as a legitimate excuse vs a situation where the person has no intention to deliver because they don't have the shares. Those people can use the same excuses to string you along for a while, and hen deliver the shares by stiffing someone else on their delivery. (Sort of like "the check is in the mail" argument I use when I owe money ;) ).
Jan 27, 2021 at 5:57 review First posts
Jan 27, 2021 at 9:22
Jan 27, 2021 at 5:57 history asked usul CC BY-SA 4.0