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2021-10-19
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4 Key Takeaways From The SEC's 'Meme Stock' Report: PFOF, Short Selling And More<blockquote>SEC “模因股票”报告的 4 个关键要点:PFOF、卖空等</blockquote>
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Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga Earnings","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1634603071,"share":"https://www.laohunote.com/m/news/1172304666?lang=zh_CN&edition=full","pubTime":"2021-10-19 08:24","market":"us","language":"en","title":"4 Key Takeaways From The SEC's 'Meme Stock' Report: PFOF, Short Selling And More<blockquote>SEC “模因股票”报告的 4 个关键要点:PFOF、卖空等</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1172304666","media":"Benzinga Earnings","summary":"The long-awaited SEC report concerning the WallStreetBets-fueled short squeeze that happened in Game","content":"<p>The long-awaited SEC report concerning the WallStreetBets-fueled short squeeze that happened in <b>GameStop Corp</b> earlier this year was published Monday afternoon.</p><p><blockquote>期待已久的美国证券交易委员会关于华尔街赌注推动的空头挤压的报告<b>游戏驿站公司</b>今年早些时候发表于周一下午。</blockquote></p><p> <b>What Happened:</b>The 45-page report titled “StaffReport on Equity and Options Market Structure Conditions in Early 2021” draws several conclusions on what happened in the valuation surge and volatility surrounding GameStop shares.</p><p><blockquote><b>发生了什么:</b>这份长达 45 页的报告题为《2021 年初股票和期权市场结构状况员工报告》,对游戏驿站股票估值飙升和波动的情况得出了几个结论。</blockquote></p><p> “The extreme volatility in meme stocks in January 2021 tested the capacity and resiliency of our securities markets in a way that few could have anticipated,” the report reads.</p><p><blockquote>“报告写道:”2021 年 1 月,meme 股票的极端波动以一种很少有人能预料到的方式考验了我们证券市场的容量和弹性。</blockquote></p><p> One key to the report is the call out on individual investors that may have lost money during the meme stock trading frenzy.</p><p><blockquote>该报告的一个关键是针对可能在模因股票交易狂潮中亏损的个人投资者的看涨期权。</blockquote></p><p> “However, when share prices change rapidly and brokerage firms suddenly suspend trading, investors may lose money.”</p><p><blockquote>“然而,当股价快速变化,券商突然暂停交易时,投资者可能会亏损。”</blockquote></p><p> The report highlights that individual customers made up a high percentage of GameStop option traders with three named brokerages of <b>Robinhood Markets</b>, TD Ameritrade and E*Trade Securities representing 66% of customers trading GME options.</p><p><blockquote>报告强调,个人客户在游戏驿站期权交易者中所占比例很高,有三家指定经纪公司<b>罗宾汉市场</b>TD Ameritrade和E*Trade Securities占交易GME期权客户的66%。</blockquote></p><p> <b>TD Ameritrade</b> is owned by <b>Charles Schwab Corp</b> and <b>E*Trade</b> is owned by <b>Morgan Stanley</b>.</p><p><blockquote><b>德美利证券</b>属于<b>嘉信理财公司</b>和<b>电子贸易</b>属于<b>摩根士丹利</b>.</blockquote></p><p> Market makers <b>Citadel Securities</b> and <b>Virtu Financial</b> were also named in the report representing 50% and 26% of internalized volume during the month of January for GameStop shares, respectively.</p><p><blockquote>做市商<b>城堡证券</b>和<b>美德金融</b>报告中还提到,分别占游戏驿站股票 1 月份内部化交易量的 50% 和 26%。</blockquote></p><p> <b>4 Potential Changes Coming?</b> The SEC report highlights the value of the trading system that allows buyers and sellers to participate.</p><p><blockquote><b>即将到来的4个潜在变化?</b>美国证券交易委员会的报告强调了允许买家和卖家参与的交易系统的价值。</blockquote></p><p> “People may disagree about the prospects of GameStop and the other meme stocks, but those disagreement are what should lead to price discovery rather than disruptions.”</p><p><blockquote>“人们可能对游戏驿站和其他迷因股票的前景有不同意见,但这些分歧应该导致价格发现,而不是颠覆。”</blockquote></p><p> Items outlined in the report for further consideration include four key topics.</p><p><blockquote>报告中概述的供进一步审议的项目包括四个关键专题。</blockquote></p><p> <b>The first topic is the ability of a brokerage to restrict trading in certain securities.</b>This could lead to changes at brokerages including Robinhood, which became the key name targeted by retail traders for restricting trading in stocks like GameStop.</p><p><blockquote><b>第一个话题是经纪公司限制某些证券交易的能力。</b>这可能会导致包括 Robinhood 在内的券商发生变化,Robinhood 成为散户交易员限制游戏驿站等股票交易的主要目标。</blockquote></p><p> <b>Payment for order flow</b> <b>is called out in the report,</b>which could have an impact on Robinhood’s future earnings if changes are made.</p><p><blockquote><b>订单流付款</b> <b>报告中指出,</b>如果做出改变,这可能会对 Robinhood 未来的盈利产生影响。</blockquote></p><p> “Consideration should be given to whether game-like features and celebratory animations that re intended to create positive feedback from trading lead investors to trade more than they would otherwise.”</p><p><blockquote>“应该考虑游戏般的功能和庆祝动画是否旨在从交易者那里获得积极的反馈,从而导致投资者进行更多的交易。”</blockquote></p><p> <b>Trading in dark pools or through wholesalers</b> is another item to be looked at as much of the retail order flow for GameStop shares was reported to happen off exchange.</p><p><blockquote><b>在暗池或通过批发商进行交易</b>这是另一个需要关注的项目,因为据报道,游戏驿站股票的大部分零售订单流都发生在交易所外。</blockquote></p><p> “They face fewer requirements concerning their operational transparency and resiliency as compared to exchanges or ATSs.”</p><p><blockquote>“与交易所或 ATSs 相比,它们在运营透明度和弹性方面面临的要求较少”。</blockquote></p><p> <b>Short selling and short squeezes is the last key topic</b> of the report. The SEC calls for “improved reporting” of short sales that could allow regulators the ability to better track the category.</p><p><blockquote><b>卖空和挤空是最后一个关键话题</b>报告的。美国证券交易委员会评级改进了卖空交易的报告,这将使监管机构能够更好地跟踪这一类别。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>4 Key Takeaways From The SEC's 'Meme Stock' Report: PFOF, Short Selling And More<blockquote>SEC “模因股票”报告的 4 个关键要点:PFOF、卖空等</blockquote></title>\n<style 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#7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n4 Key Takeaways From The SEC's 'Meme Stock' Report: PFOF, Short Selling And More<blockquote>SEC “模因股票”报告的 4 个关键要点:PFOF、卖空等</blockquote>\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga Earnings </p>\n<p class=\"h-time smaller\">2021-10-19 08:24</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<p>The long-awaited SEC report concerning the WallStreetBets-fueled short squeeze that happened in <b>GameStop Corp</b> earlier this year was published Monday afternoon.</p><p><blockquote>期待已久的美国证券交易委员会关于华尔街赌注推动的空头挤压的报告<b>游戏驿站公司</b>今年早些时候发表于周一下午。</blockquote></p><p> <b>What Happened:</b>The 45-page report titled “StaffReport on Equity and Options Market Structure Conditions in Early 2021” draws several conclusions on what happened in the valuation surge and volatility surrounding GameStop shares.</p><p><blockquote><b>发生了什么:</b>这份长达 45 页的报告题为《2021 年初股票和期权市场结构状况员工报告》,对游戏驿站股票估值飙升和波动的情况得出了几个结论。</blockquote></p><p> “The extreme volatility in meme stocks in January 2021 tested the capacity and resiliency of our securities markets in a way that few could have anticipated,” the report reads.</p><p><blockquote>“报告写道:”2021 年 1 月,meme 股票的极端波动以一种很少有人能预料到的方式考验了我们证券市场的容量和弹性。</blockquote></p><p> One key to the report is the call out on individual investors that may have lost money during the meme stock trading frenzy.</p><p><blockquote>该报告的一个关键是针对可能在模因股票交易狂潮中亏损的个人投资者的看涨期权。</blockquote></p><p> “However, when share prices change rapidly and brokerage firms suddenly suspend trading, investors may lose money.”</p><p><blockquote>“然而,当股价快速变化,券商突然暂停交易时,投资者可能会亏损。”</blockquote></p><p> The report highlights that individual customers made up a high percentage of GameStop option traders with three named brokerages of <b>Robinhood Markets</b>, TD Ameritrade and E*Trade Securities representing 66% of customers trading GME options.</p><p><blockquote>报告强调,个人客户在游戏驿站期权交易者中所占比例很高,有三家指定经纪公司<b>罗宾汉市场</b>TD Ameritrade和E*Trade Securities占交易GME期权客户的66%。</blockquote></p><p> <b>TD Ameritrade</b> is owned by <b>Charles Schwab Corp</b> and <b>E*Trade</b> is owned by <b>Morgan Stanley</b>.</p><p><blockquote><b>德美利证券</b>属于<b>嘉信理财公司</b>和<b>电子贸易</b>属于<b>摩根士丹利</b>.</blockquote></p><p> Market makers <b>Citadel Securities</b> and <b>Virtu Financial</b> were also named in the report representing 50% and 26% of internalized volume during the month of January for GameStop shares, respectively.</p><p><blockquote>做市商<b>城堡证券</b>和<b>美德金融</b>报告中还提到,分别占游戏驿站股票 1 月份内部化交易量的 50% 和 26%。</blockquote></p><p> <b>4 Potential Changes Coming?</b> The SEC report highlights the value of the trading system that allows buyers and sellers to participate.</p><p><blockquote><b>即将到来的4个潜在变化?</b>美国证券交易委员会的报告强调了允许买家和卖家参与的交易系统的价值。</blockquote></p><p> “People may disagree about the prospects of GameStop and the other meme stocks, but those disagreement are what should lead to price discovery rather than disruptions.”</p><p><blockquote>“人们可能对游戏驿站和其他迷因股票的前景有不同意见,但这些分歧应该导致价格发现,而不是颠覆。”</blockquote></p><p> Items outlined in the report for further consideration include four key topics.</p><p><blockquote>报告中概述的供进一步审议的项目包括四个关键专题。</blockquote></p><p> <b>The first topic is the ability of a brokerage to restrict trading in certain securities.</b>This could lead to changes at brokerages including Robinhood, which became the key name targeted by retail traders for restricting trading in stocks like GameStop.</p><p><blockquote><b>第一个话题是经纪公司限制某些证券交易的能力。</b>这可能会导致包括 Robinhood 在内的券商发生变化,Robinhood 成为散户交易员限制游戏驿站等股票交易的主要目标。</blockquote></p><p> <b>Payment for order flow</b> <b>is called out in the report,</b>which could have an impact on Robinhood’s future earnings if changes are made.</p><p><blockquote><b>订单流付款</b> <b>报告中指出,</b>如果做出改变,这可能会对 Robinhood 未来的盈利产生影响。</blockquote></p><p> “Consideration should be given to whether game-like features and celebratory animations that re intended to create positive feedback from trading lead investors to trade more than they would otherwise.”</p><p><blockquote>“应该考虑游戏般的功能和庆祝动画是否旨在从交易者那里获得积极的反馈,从而导致投资者进行更多的交易。”</blockquote></p><p> <b>Trading in dark pools or through wholesalers</b> is another item to be looked at as much of the retail order flow for GameStop shares was reported to happen off exchange.</p><p><blockquote><b>在暗池或通过批发商进行交易</b>这是另一个需要关注的项目,因为据报道,游戏驿站股票的大部分零售订单流都发生在交易所外。</blockquote></p><p> “They face fewer requirements concerning their operational transparency and resiliency as compared to exchanges or ATSs.”</p><p><blockquote>“与交易所或 ATSs 相比,它们在运营透明度和弹性方面面临的要求较少”。</blockquote></p><p> <b>Short selling and short squeezes is the last key topic</b> of the report. The SEC calls for “improved reporting” of short sales that could allow regulators the ability to better track the category.</p><p><blockquote><b>卖空和挤空是最后一个关键话题</b>报告的。美国证券交易委员会评级改进了卖空交易的报告,这将使监管机构能够更好地跟踪这一类别。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite","HOOD":"Robinhood","GME":"游戏驿站",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1172304666","content_text":"The long-awaited SEC report concerning the WallStreetBets-fueled short squeeze that happened in GameStop Corp earlier this year was published Monday afternoon.\nWhat Happened:The 45-page report titled “StaffReport on Equity and Options Market Structure Conditions in Early 2021” draws several conclusions on what happened in the valuation surge and volatility surrounding GameStop shares.\n“The extreme volatility in meme stocks in January 2021 tested the capacity and resiliency of our securities markets in a way that few could have anticipated,” the report reads.\nOne key to the report is the call out on individual investors that may have lost money during the meme stock trading frenzy.\n“However, when share prices change rapidly and brokerage firms suddenly suspend trading, investors may lose money.”\nThe report highlights that individual customers made up a high percentage of GameStop option traders with three named brokerages of Robinhood Markets, TD Ameritrade and E*Trade Securities representing 66% of customers trading GME options.\nTD Ameritrade is owned by Charles Schwab Corp and E*Trade is owned by Morgan Stanley.\nMarket makers Citadel Securities and Virtu Financial were also named in the report representing 50% and 26% of internalized volume during the month of January for GameStop shares, respectively.\n4 Potential Changes Coming? The SEC report highlights the value of the trading system that allows buyers and sellers to participate.\n“People may disagree about the prospects of GameStop and the other meme stocks, but those disagreement are what should lead to price discovery rather than disruptions.”\nItems outlined in the report for further consideration include four key topics.\nThe first topic is the ability of a brokerage to restrict trading in certain securities.This could lead to changes at brokerages including Robinhood, which became the key name targeted by retail traders for restricting trading in stocks like GameStop.\nPayment for order flow is called out in the report,which could have an impact on Robinhood’s future earnings if changes are made.\n“Consideration should be given to whether game-like features and celebratory animations that re intended to create positive feedback from trading lead investors to trade more than they would otherwise.”\nTrading in dark pools or through wholesalers is another item to be looked at as much of the retail order flow for GameStop shares was reported to happen off exchange.\n“They face fewer requirements concerning their operational transparency and resiliency as compared to exchanges or ATSs.”\nShort selling and short squeezes is the last key topic of the report. The SEC calls for “improved reporting” of short sales that could allow regulators the ability to better track the category.","news_type":1,"symbols_score_info":{".IXIC":0.9,".DJI":0.9,"HOOD":0.9,"GME":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":864,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":1,"subscribersOnly":false,"subscribersOnlyAccessible":false,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/850221215"}
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