Last June, the Cboe filed a proposal with the SEC to introduce a new Short Sale Volume data report on an end-of-day and intraday basis. We were shocked that a major stock exchange would even consider such an information leaking data feed and wrote at the time: “Why does the Cboe think they should be allowed to leak confidential order information? It’s bad enough that they sell proprietary data feeds which are essentially a DVR recording of your every trading move, but now they want to let paying subscribers know when they have an active short seller. And even worse, they want (more…)

Today is the day that market structure hits the streaming services.  Two new shows will be airing that we think are both a must see. 1)The first is an HBO Max two-part documentary titled Gaming Wall Street featuring a good friend of Themis Trading, Dennis Kelleher, the CEO of Better Markets. Here is how Better Markets describes the documentary: “This film has a fantastic, easy-to-understand explanation of the players and issues related to the 2021 GameStop trading frenzy.  It also illustrates and understandably explains short selling, payment for order flow, the short squeeze, naked shorts, and phantom shares.  Importantly, it ties these issues to the banking (more…)