anonymousyou guys think that if the regulators do away with being able to use house 1 that there is no other way to trade? house 1 was introduced to do away with the jitney trading that went on between houses where a broker would give a position to his trader and the trader would contact another trader at a different house and have him work the position out and they would settle between back offices the next day. it cost more but was effective. with electronic trading came house 1 and the elimination of jitney trading.
chew on this. if you're a guy who trades a lot you probably have more than one broker cause you're looking for as many deals as possible. say you have 3 full service accounts and 1 online account. lets say you own xyz in one of the accounts. you can short xyz from one of your accounts and give your broker where you hold xyz delivery vs payment (dvp) instructions and he sends the position to the account where you're short and the money changes hands between back offices. legal and legit.
so, instead of focusing on house 1 and athlete from alfalfa maple, why don't we focus on what's not getting done.
the stock is behaving like a financing is coming. just sayin'!
these are my thoughts, not yours, i'm..................
#toindwbmahbn
drj!