@biotech_moose Buddy. Any institutional investor who wants to buy the name will use a broker (GS, MS, JPM, etc) who will route orders to one of 40-50 ATSs or “off exchange”. So any HF closing a short will access all that liquidity. The price they pay will by rule be the same as an exchange
@biotech_moose ATS trading accessibility has nothing to do with PFOF which is just a rebate paid by wholesalers. I work at an ATS. It trades a ton of AMC. It’s 100% accessible to hundreds of brokers. You’re lost.
@biotech_moose Pfof is a rebate paid by a MM to a retail broker. Has nothing to do with trading in an ATS or a dark pool. All of which is 100% accessible and “off exchange” and transacts by rule at the same price as on a lit exchange per rule 611. Again you have no idea.
@biotech_moose Hey buddy. You know that most of that off exchange trading occurs in 40+ ATSs and is completely accessible by every broker ? You really have no idea.
@biotech_moose Right because 100m+ shares traded yesterday and shorts couldn’t have covered into that volume. Trade much ? We Virt stockholders thank you.
@biotech_moose Ok buddy. You hold onto those thoughts. And you wonder why citadel Jane Virt etc make so much money trading against this informed flow….
@biotech_moose You’re just using words you don’t understand. If there’s rapid “buy pressure” they’d be selling getting short momentarily. You have no idea how MM works. These firms are incredibly sophisticated and react to all of these events. Find something else to do.
@biotech_moose Huh ? That reports Virt’s position as long. You are just making things up. I work in the industry and have for years. It’s kinda simple stuff. You’re making zero sense. Have a good day
@biotech_moose It is an institutional broker and MM. it doesn’t have any “accounts” to liquidate. Its long end of the period as it acts as a principal for hundreds of retail brokers that send it buys and sells. Wholesale MM 101. Citadel Jane Susq are all doing the same. Learn
@biotech_moose That’s not at all how it works. It’s a prop MM firm managing its own book so it’s long in that filing. There’s nothing to hedge. You make zero sense. None.
@MichaelTLoPiano@ryancohen@citsecurities They cleared the next day. So T+2 vs T+1. Happens constantly in thousand of symbols daily. How the market works. Why do you think you have any insight into the plumbing of the market ? You have any experience or training ? Guess I’m a doctor then too if you’re an expert