Quick question regarding reg SHO...come next year will it stay or will it get the boot? Any speculation on what the likely decision will be? Thanks. -Spxdes
I think they will start to phase it out on October 1st when it will be theoretically possible to track all of the institutional securities lending transactions. Check out www.agencylending.capco.com/ I should be possible to see who is lending stock they do not have.
You are totally wrong. This pilot has been a success, and eventually ALL HIGH CAP stocks will no have an uptick rule. The NYSE has collected the data, and the results are that the stocks that are now up-tick exempt, rose by a higher % than the similar stocks that were not on the list. They have concluded that stocks with no up-tick rule actually do better than those that have an up-tick rule. Conclusion: the up-tick rule will be abolished for HIGH CAP stocks with 500M in capitalization or more. This threshold is still be meticulously figured.