You should pray that we get tokenized securities. That will eliminate the entire DTCC and gut the SEC.
It will also eliminate naked shorting and synthetic shares.
You would have Bloomberg terminal level information at your fingertips and you wouldn't need a broker to make trades. Trades would only cost pennies and you would actually own the stocks.
Two wildly different things.
You should pray that we get tokenized securities. That will eliminate the entire DTCC and gut the SEC.
It will also eliminate naked shorting and synthetic shares.
You would have Bloomberg terminal level information at your fingertips and you wouldn't need a broker to make trades. Trades would only cost pennies and you would actually own the stocks.
Yes, but by some transparent decentralized mechanism and not by some shady coinmarkets to suppress certain stocks even more.
It's coming. Very very soon.
It will be all that and more.
But 1st, the biggest stock market crash in history.
Out with the old and in with the new.