3 ms·
The few firms (market makers) that are allowed to short naked pretty much always deliver.
by pclmulqdq 2y ago
The few firms (market makers) that are allowed to short naked pretty much always deliver.
- weard_beard 2y agoBy “cheque kiting”. Trading back and forth perpetually with colluding firms to perpetually “deliver”, eventually landing these phantom shares in offshore swap agreements where reporting has conveniently been perpetually delayed.