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That does not seem right unless there is something more hidden going on: 1) I issue on order and close a trade (using a broker as intermediary) 2) i have alrea
by pokot0 6y ago
That does not seem right unless there is something more hidden going on:
1) I issue on order and close a trade (using a broker as intermediary)
2) i have already provided the liquidity to settle that trade which is already in the broker's control
3) why would the broker need to provide more liquidity to guarantee this trade?
I have the feeling what you say is true but only because there is some finance magic going on that nobody needs but the finance system.
I have tried to look for more information about this DTCC requeriment but couldn't find much.