4 ms·
Yes, but there is a subjective element to the calculation. From the same author: https://twitter.com/KralcTrebor/status/1355544072652533760 https://twitter.com
by getToTheChopin 6y ago
Yes, but there is a subjective element to the calculation.
From the same author:
https://twitter.com/KralcTrebor/status/1355544072652533760 https://twitter.com/KralcTrebor/status/1355544072652533760
> We don't have to guess at the formula. It's public, as are the rules and procedures for implementing them. I've read them. They have an add-on for situations like this. The add-on has a calc. That calc has a parameter they pick, which just multiplies it by whatever they want.
> This discretionary part is intentional. It was open to public comment. People commented. DTCC responded. SEC approved.
> DTCC is definitely going to see their discretionary use of this "knob" as the system working as designed.