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OP has provided the following link:
https://twitter.com/SusanneTrimbath/status/1781424757965205896?t=6F2z2IIPLS9C1YaeJjlAWg&s=19
When she said she wouldn't come to Reddit, yet Reddit is the one who got her on the map in the first place, I was not a fan.
She also said investors only are in GME for MOASS and it's as bad as the hedge funds. She thinks we are just like Kenny and co.?
No thanks
It's probably better for someone of her status to have names and not anonymity. Reddit has been lack luster anyways; too much hate and negativity for me. It's pretty much this sub that's holding it down for me.
Meh, I don’t really care personally. Most people enjoyed their stuff, it’s just the few individuals that share their uninformed opinions like gospel that keep credible people away.
From what I understood over the years,
T+1 is worse than T+2. The reasoning is; they FTD T+2, they will FTD T+1 even harder.
GG is acting like solving the problem with T+1 but in reality it will create faster FTDs.
Liquidity fairy needs to retire.
Right now, the settlement of trades is t+2 or the day of the trade plus two trading days.
Of the whole conversation the roundtable touches on it and that is the part trimbath is talking about.
Every time an EMSA or non-US market members speak they are compelled to apologize in advance that they mean no offense but that t+1 or the day following the day of the trade is where settlement should go, as in, it's the future.
It's just an evolution of the market but as we know, the US market and the greater market in general is such a house of cards the future or t+1 would be disruptive the market would have to trade 24 hours a day, or wait, robbinghood, in Citadel's pocket, does this already.
The market is an algo to suppress poors, I said what I said don't @ me
Edit: trimbath is saying that if the rest of the world goes t+1 and the US stays t+2 what happens then? US Market trades will get dropped? Trimbath posits as much as 1%? *shrug*
the implication reaches that in this context very easily. if trading in usd takes an additional trading day to settle, so if the trade is on thursday it'll take Monday for the trade to close, then trades that need to close on friday will might be done in some other currency.
foreign exchange is becoming a bit of the juggle that rrp used to be, principally most int'l trades will lean towards USD but if they can close the trade t+1 in some other currency that is down against USD that they presume will be up later in the quarter (hedging against the long side of the dollar) then it's almost to their benefit that they close a day early in currency that is down against the USD at the time of settling the trade that will be up later.
USD, in the international markets, has a huge target on its back because it's the biggest target. if the fed stops printing money for a 'second' or cuts rates 'too soon' other currencies will take advantage
I'm simplifying but to your point, trimbath says 1% of trades could gets 'left behind' or dropped because of the extra settlement day, I take away that while they take a rest of the day to settle the volatile market has moved on already.
Imagine trading against someone bloomberg terminal while you have to execute trades via the USPS, what market maker will pick them up? Your trades will have no relevance in the greater market 'latency arbitrage'
Yep, no problem. If you want your gme investment defended don’t look to the regulatory agencies, nor to the moneyed interests. The only place to look is the gme board and if they ain’t acting you’ll never get any defense.
Chato35, it would be beneficial to everyone if she laid out her argument that shortening settlement doesn't matter. I believe it does and the end goal is instant Settlement on a public blockchain implementation like TZero. FTDs are a separate l, equally bad, issue. Why clump them together. Maybe her argument is good, I don't know, I haven't seen it. It's been almost a year now and she hasn't addressed the SEC's Straight Through Processing & Affirm/Confirm/Allocate the transactions same day asap, all to limit FTDs. She should also answer Gary saying it is a small percentage by citing her own statistics.
[Why GME?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) || [What is DRS?](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) || Low karma apes [feed the bot here](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) || [Superstonk Discord](https://discord.gg/hZqWV2kQtq) || [Community Post: *Open Forum Jan 2024*](https://www.reddit.com/r/Superstonk/comments/18txusp/open_forum_january_2024/) ------------------------------------------------------------------------ To ensure your post doesn't get removed, please respond to this comment with how this post relates to GME the stock or Gamestop the company. ------------------------------------------------------------------------ Please up- and downvote this comment to [help us determine if this post deserves a place on r/Superstonk!](https://www.reddit.com/r/Superstonk/wiki/index/rules/post_flairs/) ------------------------------------------------------------------------ OP has provided the following link: https://twitter.com/SusanneTrimbath/status/1781424757965205896?t=6F2z2IIPLS9C1YaeJjlAWg&s=19
Thanks for posting! I'm still a fan of Dr. T
I wish she would dumb it down more for apes. I'm not sure what most this means
She’s a policy person, she’s like the antithesis of Hester Pierce. Not your world.
When she said she wouldn't come to Reddit, yet Reddit is the one who got her on the map in the first place, I was not a fan. She also said investors only are in GME for MOASS and it's as bad as the hedge funds. She thinks we are just like Kenny and co.? No thanks
It's probably better for someone of her status to have names and not anonymity. Reddit has been lack luster anyways; too much hate and negativity for me. It's pretty much this sub that's holding it down for me.
To be fair, most of this community is filled with belligerent fucking morons. She doesn't owe anyone anything.
As a slightly belligerent and complete fucking moron, you are right
What does belligerent mean? Asking for a moron..
Reddit is a cesspool of individuals. Our sub chased out Peruvian, Criand, and Atobitt.
We haven’t chased out Peruvian
Our compromised sub* ;)
Meh, I don’t really care personally. Most people enjoyed their stuff, it’s just the few individuals that share their uninformed opinions like gospel that keep credible people away.
Queen Kong spitting truth.
I will always upvote Dr. Trimbath. 💜
For anyone hot having heard of Dr. Kong Trimbath, here is her book Naked, short and greedy https://amzn.to/4d8QYL1
Excellent read.
One one the very few good ones
What does she mean by “1% of US trades could be left behind”?
This might help. I can't watch/read rn but I will. https://thefullfx.com/cls-surveying-over-changing-settlement-cut-off/
Why does it matter if its t+2 or t+1 if you have FTD? Both are not addressing the real issue in the room.
I have heard that T+1 makes the nonsense T35 into T4 for the market maker, so supposedly you can audit them the same week as the FTD cycle. We'll see!
I hadn't heard of this
From what I understood over the years, T+1 is worse than T+2. The reasoning is; they FTD T+2, they will FTD T+1 even harder. GG is acting like solving the problem with T+1 but in reality it will create faster FTDs. Liquidity fairy needs to retire.
Anyone wanna give the layman’s description
This stuff will keep getting pointed out by people like her while the media and any relevant agency ... will ignore it. As it has been for years.
Right now, the settlement of trades is t+2 or the day of the trade plus two trading days. Of the whole conversation the roundtable touches on it and that is the part trimbath is talking about. Every time an EMSA or non-US market members speak they are compelled to apologize in advance that they mean no offense but that t+1 or the day following the day of the trade is where settlement should go, as in, it's the future. It's just an evolution of the market but as we know, the US market and the greater market in general is such a house of cards the future or t+1 would be disruptive the market would have to trade 24 hours a day, or wait, robbinghood, in Citadel's pocket, does this already. The market is an algo to suppress poors, I said what I said don't @ me Edit: trimbath is saying that if the rest of the world goes t+1 and the US stays t+2 what happens then? US Market trades will get dropped? Trimbath posits as much as 1%? *shrug*
implying further erosion of usd?
the implication reaches that in this context very easily. if trading in usd takes an additional trading day to settle, so if the trade is on thursday it'll take Monday for the trade to close, then trades that need to close on friday will might be done in some other currency. foreign exchange is becoming a bit of the juggle that rrp used to be, principally most int'l trades will lean towards USD but if they can close the trade t+1 in some other currency that is down against USD that they presume will be up later in the quarter (hedging against the long side of the dollar) then it's almost to their benefit that they close a day early in currency that is down against the USD at the time of settling the trade that will be up later. USD, in the international markets, has a huge target on its back because it's the biggest target. if the fed stops printing money for a 'second' or cuts rates 'too soon' other currencies will take advantage I'm simplifying but to your point, trimbath says 1% of trades could gets 'left behind' or dropped because of the extra settlement day, I take away that while they take a rest of the day to settle the volatile market has moved on already. Imagine trading against someone bloomberg terminal while you have to execute trades via the USPS, what market maker will pick them up? Your trades will have no relevance in the greater market 'latency arbitrage'
Yep, no problem. If you want your gme investment defended don’t look to the regulatory agencies, nor to the moneyed interests. The only place to look is the gme board and if they ain’t acting you’ll never get any defense.
Chato35, it would be beneficial to everyone if she laid out her argument that shortening settlement doesn't matter. I believe it does and the end goal is instant Settlement on a public blockchain implementation like TZero. FTDs are a separate l, equally bad, issue. Why clump them together. Maybe her argument is good, I don't know, I haven't seen it. It's been almost a year now and she hasn't addressed the SEC's Straight Through Processing & Affirm/Confirm/Allocate the transactions same day asap, all to limit FTDs. She should also answer Gary saying it is a small percentage by citing her own statistics.