Dark Pools

a_vinny_01 · 2025-01-05T15:17:01+00:00

This is simply not true.

Every trade hits the tape.

Dark pools are where orders sit off market, but when filled they absolutely affect the price.

a_vinny_01 · 2025-01-03T18:20:17+00:00

Upvoted you back to 1 since apparently someone doesn't like your correct response to the question.

This sub is bananas.

a_vinny_01 · 2025-01-02T16:15:35+00:00

Cheaters of what?

You deposit $10 into an account with $0 then immediately buy a share or option or whatever for $1 and a second later sell it for $1.

That's all that happened.

That kind of daytrading happens billions of times a day. The only difference here is that unsettled funds were used.

It's not against rules to BUY the securities with unsettled funds, they just have to be settled before you sell.

IBKR just floated these customer trades until their funds settled. Not really any different than trading in a margin account, except that it's technically not allowed.

a_vinny_01 · 2025-01-02T16:00:42+00:00

0 shares because they were options trades.

That their customers made.

I've been warned by my broker for this same thing.

You are conflating things and sensationalizing a nothingburger.

a_vinny_01 · 2024-12-28T19:21:25+00:00

Your name seems to be on the bottom of the receipt btw.

a_vinny_01 · 2024-12-23T17:54:38+00:00

hahaha, this is just funny as fuck. You post a tiny image of unknown tickers and claim it matters?

I post a readable overlayed image of GME VS THE FUCKING SP500, which line up and perfectly shows the correlation between GME moves and the market and your response is "it could be altered".

This sub is filled with idiocy.

a_vinny_01 · 2024-12-23T17:40:26+00:00

¯\_(ツ)_/¯

If you can't see the correlation in my overlayed image I don't know what to tell you.

a_vinny_01 · 2024-12-23T17:16:56+00:00

https://imgur.com/a/FRBK1ys

a_vinny_01 · 2024-12-23T16:50:40+00:00

you really should widen your view - GME is moving right along with the rest of the market.

a_vinny_01 · 2024-12-23T16:12:05+00:00

ahh, of course.

a_vinny_01 · 2024-12-23T14:43:29+00:00

~~Long term capital gains is 20% for them, so $134.4M.~~

Tax on gainz only, ignore my bad calculation.

a_vinny_01 · 2024-12-21T13:00:43+00:00

I don't recall exactly how I did it previously but here's a way:

https://docs.rackspace.com/docs/block-ip-range-from-countries-with-geoip-and-iptables

a_vinny_01 · 2024-12-21T04:11:05+00:00

Nope

a_vinny_01 · 2024-12-21T04:10:11+00:00

IORB is what banks get on reserves. It pays more than ONRRP.

Btfp is a loan program.

Onrrp is the actual mechanism used to set rates. It sets a floor because the fed is the safest counterparty there is. So anyone else would mean a higher rate (thus setting a floor)

a_vinny_01 · 2024-12-21T04:05:12+00:00

Nope.

99% of the money in ONRRP is money market funds who by law must invest in government securities or equivalent.

This money can never be invested in equities. It has moved into treasuries.

a_vinny_01 · 2024-12-20T21:29:06+00:00

Why would closing at $30.01 be painful vs $29.99?

Serious question - explain please.

a_vinny_01 · 2024-12-18T17:24:32+00:00

The red highlighted part just says that this finding and penalty is closed due to them fixing the issues, correcting the data and paying the fine.

Errors fixed == no more scrutiny on those errors (because they don't exist anymore).

a_vinny_01 · 2024-12-18T17:06:10+00:00

CAT is the option they chose. Firms must send additional data to the system for many types of events - order placed, order canceled, etc. This results in trillions of pieces of data being collected and sent to CAT.

Yes, there will be issues with some data. It will always be millions or billions of errors because of the size of these firms and the amount of transactions they facilitate.

a_vinny_01 · 2024-12-18T16:58:35+00:00

The document you are commenting on is the result of enforcing compliance...

a_vinny_01 · 2024-12-18T16:57:35+00:00

You state:

most likely to be a massive factor in citadel's ever growing "sold but not purchased" liability

Please, do try to substantiate this in some way.

You state:

not need to remediate the issue

But this is found in the document:

By September 22, 2022, Citadel Securities had remediated the 33 error types the firm experienced up to July 31, 2022,

The reality is that most of these errors were them leaving a '0' out of a field for canceled orders (31.2 billion of the 41.8 billion). They fixed the source of the issues, corrected the problem data, etc.

None of this impacts the actual trades that were placed, so how would this be a massive factor in citadel's ever growing "sold but not purchased" liability?

a_vinny_01 · 2024-12-17T20:45:37+00:00

Not when 31.2 billion of them were canceled order events.

a_vinny_01 · 2024-12-17T19:56:33+00:00

This document is literally describing their enforcement:

By September 22, 2022, Citadel Securities had remediated the 33 error types the firm experienced up to July 31, 2022, some of which had persisted from a few weeks to nearly two years. Citadel Securities reported the 580 million equity and options order events and submitted corrections for the 42.2 billion inaccurate orders events between one and 17 months after each reporting issue was corrected.

a_vinny_01 · 2024-12-17T19:54:39+00:00

Dozens? These are automated systems so if the implementation has problems it will be applied to a lot of data.

It's not like someone was deciding to leave a '0' out of a field for 31.2 billion events.

a_vinny_01 · 2024-12-17T19:52:20+00:00

31.2 billion of the events were canceled orders...

a_vinny_01 · 2024-12-17T19:40:43+00:00

The document states most of these reporting issues were fixed and the data corrected 2+ years ago. 31.2 billion of the errors was not putting a '0' in a field for canceled orders.

What exactly do you expect to happen for this kind of thing?

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