👀 New DTCC Guide on Unscheduled closing Of Exchanges & Markets 👀 MOASS or Crash?
(www.dtcc.com)
💥 BANK COLLAPSE 💥
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I'm having ChatGPT compare to the prior version and they seem highly similar.
When ChatGPT isn't being lobotomized about a topic it's quite fun to interact with. e.g. You can give it a prompt like "i'm looking for whether the writer of the more recent doc has created a loophole for themselves to fail to deliver shares in the coming weeks" and it'll go all conspiratorial.
Take a look at "Equity trade Capture & Reporting". The items that stand out to me as being useable:
PCF stands for "Portfolio Composition File". So it sounds like if an exchange closed, the participant could submit their PCF file early (before in-the-money options are automatically exercised at end of trading day).
It sounds like this would allow participants to essentially submit their prior day's PCF file--again, this would be before in-the-money options were automatically exercised).
Both those loopholes become irrelevant if DFV exercises early.